Tag: gstn
GSTN Advisory for taxpayers on Form GSTR-2B
1. Form GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by their suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor). This statement indicates availability and non-availability of input tax credit to the taxpayer against each document filed […]
Read moreGSTN: Restarting Blocking of E-Way Bill (EWB) generation facility
Blocking of E-Way Bill: 1. The blocking of E-way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person […]
Read moreGST collection for September crosses Rs 1.17 lakh crore, up by 23%
GST collection: The gross GST revenue collected in the month of September 2021 is Rs 1,17,010 crore of which CGST is Rs 20,578 crore, SGST is Rs 26,767 crore, IGST is Rs 60,911 crore (including Rs 29,555 crore collected on import of goods) and Cess is Rs 8,754 crore (including Rs 623 crore collected on import of goods). […]
Read moreGSTN introduced on demand fetching of Bill of Entry details from ICEGATE
To help importers of goods, and recipients of supplies from SEZ, search Bill of Entry details, which did not auto-populate in GSTR-2A, a self-service functionality has been made available on the GST Portal that can be used to search such records in GST System, and fetch the missing records from ICEGATE. Please note that it […]
Read moreGSTN Advisory on Generation of EWB where principal supply is Supply of services
1. Representations have been received from various trade bodies stating that they are not able to generate EWB bill for movement of those goods where their principle supply is classifiable as a service, since there is no provision for generating E-way Bill by entering SAC (Service Accounting Code-Chapter 99) alone on the E- way bill […]
Read moreGSTN issued advisory on HSN and GSTR-1 Filing
GSTN issued advisory on HSN and GSTR-1 Filing. The advisory is as follows- 1. In accordance with Notification No. 78/2020 – Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of Nomenclature (HSN) Code of Goods and Services supplied by them on raising of tax invoices, with effect from 1st April, 2021 […]
Read moreGSTN Advisory on GSTR-1 JSON Errors and Resolutions
GSTN advisory: On GSTR-1, Return for outward supply, error was coming while uploading JSON File. It was showing, “Error, Return still under Process.” GSTN issued advisory on GSTR-1 JSON Errors and Resolutions. The GSTN advisory is as ollows- Currently, the Taxpayers are seeing the below statuses for GSTR-1, after uploading of JSON file from the […]
Read moreGSTN: New functionality on Annual Aggregate Turnover deployed on GST Portal
GSTN has implemented a new functionality on taxpayers’ dashboards on GST Portal with the following features: The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr. The taxpayers can also see the Aggregate Turnover of the current […]
Read moreGSTN: Upcoming functionalities to be deployed on GST Portal
As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, following functionalities are recently deployed or are being deployed on the portal shortly: Sl.No. Module Form/ Functionality Functionality released/ to be released for Taxpayers 1 Ledgers […]
Read moreGSTN Advisory on Auto-population of e-invoice details into GSTR-1
GSTN: From 1-10-2020, certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). From 1-1-2021, the taxpayers with aggregate turnover above Rs. 100 Cr. had also started reporting invoices to IRP.Details from the reported e-invoices are being auto-populated in respective tables of GSTR-1. Update on the […]
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