The extension in registration threshold limit, introduction and extension of composition scheme to service providers have been taken well by the taxpayers, which proved to be a significant relief measure for MSMEs. Moreover, offering speedy solutions to the MSMEs' issues, GoI has already constituted...
Also, the GSTN first announced and then postponed the 7-day invoice generation limit rule. However, you can read: How 7-day e-invoice generation limit will Impact Your GST Compliance. Apart from that, the 50th GST Council Meeting is most likely to be held in June. You can click the ...
Starting from FY 2022-23 onwards, those who have exceeded specified limit in any financial year from 2017-18 to 2021-22 for e-invoicing or turnover will be required to use e-invoicing. Date of mandatory implementation of e-invoice Applicable to taxpayers annual turnover more than Governm...
Advisory issued to address mismatches between Table 8A and Table 8C values in the GSTR-9 annual return for FY 2023-24. Taxpayers in Haryana, Manipur, Meghalaya, and Tripura can now verify GST registration documents using biometric-based Aadhaar authentication. Advisory on the mandatory sequential...
the government will set a threshold limit for them. An official said that the businesses that will fall under a certain threshold will be given a unique number whenever an e-invoice will be generated. The businesses can match this number with the invoices which are written in the sales ...
The new advisory addresses the mismatch between Table 8A and Table 8C values in the annual return GSTR-9 form for FY 2023-24. View More 09th December 2024 Taxpayers in Haryana, Manipur, Meghalaya, and Tripura can now verify documents for GST registration via biometric-based Aadhaar authentica...
Removal of the cascading effect has impacted the cost of goods. Since the GST regime eliminates the tax on tax, the cost of goods decreases. Also, GST is mainly technologically driven. All the activities like registration, return filing, application for refund and response to notice needs to ...
Starting from FY 2022-23 onwards, those who have exceeded specified limit in any financial year from 2017-18 to 2021-22 for e-invoicing or turnover will be required to use e-invoicing. Date of mandatory implementation of e-invoice Applicable to taxpayers annual turnover more than Government...
Checklist for November 2022 As per GST Notification 18/2022, the time limit to claim ITC and amend sales/CDN has been extended (including for FY 21-22) by the CBIC. So, the date has been changed for claiming ITC, issuing CDN, and doing amendments to returns of the previous year till ...
Q.4 – Will a Registered Taxpayer who has exclusively exempted supply of goods or services exceeding Rs. 2 crores, would require to fill the GSTR 9C form? Q.5 Does the Form GSTR 9C be required to be filed by a person against each registration obtained by him in respect of each of ...