Update Category Standard Operating Procedure (SOP) for Scrutiny of returns for FY 2017-18 and 2018-19 Update Source Instruction Issued by CBIC Release No. TM/GST/152 dated 23rd March, 2022 Standard Operating Procedure (SOP) for Scrutiny of returns for FY 2017-18 and 2018-19 -  CBIC has issued an Instruction to Department on Standard Oper......

Update Category GST Proposals in Union Budget 2022 Update Source Budget Announcements and The Finance Bill, 2022 Release No. TM/GST/145 dated 2nd February 2022 Changes in GST proposed in The Finance Bill, 2022 Summary of the Union Budget 2022 proposals for GST – The Union Finance Minister while presenting the Union Budget 2022 on 1st of February 2022, made few ......

Update Category Interest Calculator in GSTR 3B on GSTN Portal Update Source Release on GSTN Portal Release No. TM/GST/144 dated 17th January 2022 Facility for auto-computation of Interest for GSTR 3B: 1. Introduction - As a facilitation measure for taxpayers and for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculat......

Procedure for recovery for Mismatch in GSTR 3B and GSTR-1 Returns: Central Government introduced amendment to Section 75 (12) of the CGST Rules, 2017 by inserting an explanation thereby paving way for recovery of self-assessed tax without having to resort to proceedings u/s 73 or Sec 74 of the Act. The explanation defines "self-assessed tax" to include the tax payable in respect of details of o......

Central Government has brought into effect the provisions of Finance Act, 2021 effective from 1st January, 2022. In the Budget of 2021-22, changes in Finance Bill,2021 were proposed to make changes in CGST Act, 2017. Accordingly, CGST Act, CGST Rules and IGST Act, 2017 has been amended. We have examined the proposed changes in summary form for ease of understanding -   1. Mandatory Aadhar A......

Update Category Outcome of 45th GST Council Meeting held on 17th September 2021 Update Source Press Note by CBIC Release No. TM/GST/134 dated 20th September 2021 The GST Council met for the 45th time on 17th September 2021 at Lucknow. The Council discussed and approved: (i) Recommendations relating to GST rates on Goods and Services; (ii) Issue of Compensation Scenar......

Update Category Key Actionable Items for FY 2020-21 before September 2021 returns Update Source GST Laws, Clarifications and Circulars Release No. TM/GST/132 dated 30th August, 2021 Taxpayers under regular category are filing GSTR 1 and GSTR 3B to report their transactions. GSTR 1 is for reporting of details of outward supplies including amendments if any and GSTR 3B i......

Implementation of Rule 59(6) of CGST Rules, 2017 - restriction in filing of GSTR-1 in certain cases Rule 59(6) of CGST Rules, 2017 which specifies restricting filing of GSTR 1 which is being made operational on GSTN portal from 1st September, 2021. A. Legal Provision - Rule-59(6) of CGST Rules, 2017, inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in fili......

GSTN Advisory on Blocking of E-Way Bill (EWB) generation facility to resume post 15th August, 2021 - Recently GSTN has issued an advisory that non filing of GST Returns may lead to blocking of E-Way Bill a facility. The blocking of this facility was kept on hold due to ongoing pandemic and same is set to return from 15th August 2021. Below is the summary of such change - 1. The facility......

New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers- A. Introduction of the new functionality on taxpayers’ dashboard: 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 FY based on t......

Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27th April, 2021 - CBIC has issued a Circular No 157/13/2021-GST dated 20th July, 2021 clarifying on extension of limitation for various actions under the GST Laws pursuant to Hon’ble Supreme Court’s Order dated 27th April, 2021 The Government has issued notificat......

Cumulative application of Rule 36(4) of CGST Act, 2017 for availment of ITC based on GSTR 2A - CBIC vide Notification No – 13/2021-Central Tax dated 01-05-2021 – CGST (Third Amendment) Rules, 2021 & Notification No - 27/2021-Central Tax dated 01-06-2021 – CGST (Fifth Amendment) Rules, 2021 introduced below relaxation on availment of ITC in Form GSTR 3B.  Below is the su......

Recent Important Functionalities deployed on GSTN Portal - A. Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers- Recently GSTN brought some important changes on GST Portal related to QRMP Scheme implemented for the taxpayers are as given below: Auto population of GSTR-3B liability from IFF and Form GSTR 1: A taxpayer under QRMP Scheme can declare thei......

Update Category Clarification related to applicability of GST on certain goods and services Update Source Circulars issued by CBIC Release No. TM/GST/124 dated 19th June 2021   The GST Council in 43rd meeting held on 28th May, 2021 at New Delhi had recommended some clarifications to be issued on GST Rate of certain goods and services. Now, CBIC has issued circu......

Changes in GST Refund Rules: Recently CBIC has issued Notification No. 15 /2021 – Central Tax dated 18th May 2021 specifying changes in the CSGT Rules, which has brought changes in GST refund procedure (e.g. withdrawal of refund application, adjustment of refund amount against pending demand, extension of time period for computation of period of limitation, etc.). Same has been discussed he......

Update Category Step by Step process for Aadhar Authentication or e-KYC for Existing Taxpayers Update Source Advisory issued by GSTN on 7th January, 2021 Release No. TM/GST/104 dated 8th January, 2020 Aadhaar Authentication / e-KYC for Existing Taxpayers on GST Portal GSTN has issued an advisory on 6th Jan 21 for existing taxpayers to complete Aa......

Update Category GST Return due dates, introduction of quarterly returns and CGST (13th Amendment) Rules Update Source Notifications issued by CBIC on 10th November, 2020 Release No. TM/GST/098 dated 12th November 2020 The Central Board of Indirect Taxes and Customs(CBIC) has issued several Notifications on 10th November, 2020 for the below matters: 1. Introduction o......

Update Category Quarterly Return and Monthly Payment Scheme (QRPS) Update Source Circular issued by CBIC on 10th November, 2020 Release No. TM/GST/099 dated 18th November 2020 The GST Council in their 42nd Meet on 5th October 2020 proposed a quarterly return filing system for small taxpayers having aggregate turnover up to Rs 5 crores with effect from 1st January, 2021. ......

Update Category Updates on E-Invoicing issued by GSTN Update Source Document Released by GSTN on Portal Release No. TM/GST/100 dated 20th November 2020 Updates on e-invoicing by GSTN - From 1st January, 2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards). To ......

Update Category Outcome of the 42nd GST Council Meeting Update Source Press Release by Ministry of Finance on 5th October 2020 Release No. TM/GST/093 dated 6thOctober, 2020 Recommendations of the 42nd GST Council Meeting held on 5th October, 2020    The GST Council met through video conferencing on 5th October, 2020 for the 42nd time an......

Update Category Outcome of the 42nd GST Council Meeting Update Source Press Release by Ministry of Finance on 5th October 2020 Release No. TM/GST/093 dated 6thOctober, 2020 Recommendations of the 42nd GST Council Meeting held on 5th October, 2020 The GST Council met through video conferencing on 5th October, 2020 for the 42nd time and deliberated......

Update Category Delinking of Credit/Debit Notes from Invoice (GSTR 1 /GSTR 6 or Filing refund) Update Source Update on GSTN Portal Release No. TM/GST/091 dated 17th September, 2020 Delinking of Credit Note/Debit Note from invoice, while reporting them in Form GSTR 1/GSTR 6 or filing Refund Recently GSTN has enabled facility to delink reporting of......

  Update Category Values of GSTR 1 (monthly) linked with Form GSTR-3B, as PDF statement on GST Portal Update Source Update on GSTN Portal Release No. TM/GST/090 dated 10th September, 2020   As per update released on 5th September 20, on GSTN Portal, Values of GSTR 1 has been provided to taxpayers for assistance to get auto-drafted values of Table 3 of GSTR 3B......

  Update Category Key Actionable Items for FY 2019-20 before September 2020 returns Update Source GST Laws, Clarifications and Circulars Release No. TM/GST/089 dated 9th September, 2020 Taxpayers under regular category are filing GSTR 1 and GSTR 3B to report their transactions. GSTR 1 is for reporting of details of outward supplies including amendments if any and G......

  Update Category List of Goods and Services on which ITC is not available - Updated as on 8th September, 2020 Update Source GST Laws, Clarifications and Circulars Release No. TM/GST/088 dated 8th September 2020   List of Ineligible Items on which ITC is not allowed under GST Laws – Updated as on 8th September, 2020   For a taxpayer, it is essent......

Update Category Recent Enhancements on GSTN Portal Update Source Changes in GSTN portal and Press Release Release No. TM/GST/087 dated 30th August, 2020 Recent Enhancements on GSTN Portal (www.gst.gov.in) - Recently GSTN has rolled out few enhancements on GSTN portal for the benefit of tax payers. Some of the major enhancements being – Introduction of ITC Stat......

  Update Category Interest payment on net Liability w.e.f. 1st Sep’ 20 Update Source Central Tax Notification – Finance Act provision made effective Release No. TM/GST/085 dated 26th August, 2020 A. Notification No 63/2020 – Central Tax dated 25th August, 2020 -CBIC has issued Notification No 63/2020 – Central Tax dated 25th August, 2020 bri......

  Update Category Implementation of E-Invoice (Electronic Invoicing) in GST Update Source NIC Portal, GST Notifications and GST Act Release No. TM/GST/083 dated 17th August, 2020   Recently CBIC issued Notification No 60/2020 – Central Tax and Notification No 61/2020 – Central Tax dated 30th July, 2020 enhancing threshold for preparing E-Invoice ......

Update Category GST Registration Process – Amendment in CGST Rules Update Source Central Tax Notification – CBIC Portal Release No. TM/GST/084 dated 22nd August, 2020   CBIC has issued Notification No 62/2020 – Central Tax dated 20th August, 2020 modifying the process for grant of GST Registration.   While making a GST application, an ap......

Update Category Email from GSTN (noreply@gstn.gov.in) – Aggregate turnover being more than Rs. 5 Cr during FY 2019-20 Update Source Email from GSTN Release No. TM/GST/082 dated 5th August, 2020 You may have received an email from GSTN on 4th August, 2020 about Aggregate turnover being more than Rs. 5 Cr during FY 2019-20. The summary and probable explanation of t......

Update Category GST E-Invoicing – Enhancement of aggregate turnover for applicability of E-Invoicing   Update Source CBIC CGST Notification dated 30th July, 2020 Release No. TM/GST/081 dated 31st July, 2020 CBIC has issued Notification No 60/2020 – Central Tax and Notification No 61/2020 – Central Tax Dated 30th July, 2020 e......

Update Category GST Compliance relaxations – Interest, Late fees, etc and amendment to CGST Act, 2017 Update Source Notifications and Circular issued by CBIC on 24th June, 2020 Release No. TM/GST/077 dated 25th June 2020 The Central Board of Indirect Taxes and Customs (CBIC) has issued notifications and circular under GST Laws to implement the relief measures due t......

Update Category Clarification related to GST Refund – ITC populated in GSTR 2A Update Source Notifications and Circular issued by CBIC Release No. TM/GST/074 dated 11th June, 2020   Clarification related to processing of GST Refund – Restricted to ITC populated in GSTR 2A The Central Board of Indirect Taxes and Customs (CBIC) h......

Update Category Recent Notifications in GST – Filing of NIL Return GSTR 3B by SMS and extension of Time for e-way bill Update Source Notifications issued by CBIC Release No. TM/GST/072 dated 11th June 2020   On 8th and 9th June 2020, CBIC has issued notifications to give effect to certain changes in GST Provisions which included facili......

Update Category Clarification on levy of GST on Directors’ Remuneration Update Source CBIC Clarification – Circular No 140/10/2020-GST dated 10th June, 2020 Release No. TM/GST/073 dated 11th June 2020   Clarification by CBIC in respect of levy of GST on remuneration payable to Directors - Much confusion was created by recent Adv......

Update Category Maintenance of Accounts and Records under GST Regime Update Source GST Laws and Rules Release No. TM/GST/071 dated 17th May 2020   Accounts and Records under GST – In recent times, Government has enhanced its vigilance to curb the menace of excess claim of ITC or fake invoicing. Department has stepped up investigation ......

Update Category Clarification issued by CBIC for implementation of GST Laws - Covid-19 Outbreak Update Source Circular issued by CBIC Release No. TM/GST/070 dated 7th May 2020 On 6th of May 2020, CBIC has issued Circular No 138/08/2020-GST clarifying certain challenges being faced by the Registered  Persons in implementation of GST Laws in the wake of outbreak of C......

Update Category Recent Updates in GST – Extension of Annual Return, Filing of GSTR 3B by EVC and other changes Update Source Notifications issued by CBIC Release No. TM/GST/069 dated 6th May 2020 On 5th of May 2020, CBIC has issued notifications to give effect to relaxation for verification of GSTR 3B through Electronic Verification Code (EVC) as well as filing NIL......

Update Category Recent Changes on GSTN Portal – Additional Facility for Tax Payers Update Source Updates issued on GSTN Portal Release No. TM/GST/068 dated 22nd April 2020 Recently GSTN portal has rolled out certain changes on GSTN portal for taxpayers. Important changes being – Facility for filing GST PMT – 09 for transfer ......

Update Category Clarification regarding issued faced by taxpayers – COVID-19 Update Source Circular issued by CBIC on 13th April, 2020 Release No. TM/GST/067 dated 15th April 2020 The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No 137/07/2020-GST dated 13th April 2020, with respect to certain challenges faced by th......

Update Category Income Tax, GST and Customs Refund to be paid immediately Update Source Press Release - Ministry of Finance – 8th April 2020 Release No. TM/GST/066 dated 10th April 2020  Press Release ID – 1612291 dated 8th April, 2020 by Ministry of Finance – “IT Department to release all pending income tax refunds up to Rs 5 lakhs immedia......

Update Category Applicability of GST on Directors Remuneration – a critical analysis Update Source GST Advance Ruling – Authority for Advance Ruling  – Rajasthan on 20th Feb, 20 Release No. TM/GST/065 dated 9th April 2020 Recent Advance Ruling Orders on whether GST is payable (under Reverse Charge) on remuneration payable ......

Update Category Notifications issued pursuant to outbreak of COVID-19 – Relief Measures Update Source Notification and Clarifications issued by CBIC on 3rd April, 2020 Release No. TM/GST/064   The Central Board of Indirect Taxes and Customs (CBIC) has issued notifications and circular under GST Laws to implement the relief measures ann......

Update Category Changes in GST Refund – Process and Guidelines Update Source Notifications and Circular issued by CBIC Release No. TM/GST/063 dated 6th April, 2020 The Central Board of Indirect Taxes and Customs (CBIC) had issued Master Circular on Refunds No. 125/44/2019-GST dated 18.11.2019 rescinding all earlier circulars. Recently CBIC h......