The Goods and Services Tax (GST) Department has recently sent out an advisory to specific GST taxpayers about the first chance given to correct errors in their previously filed GSTR-3B forms. This facility was provided due to discrepancies found between the data stored in the GST system and the data that was actually submitted regarding ITC claims, tax payments, etc. This advisory was sent via registered emails to those taxpayers who are directly affected, and these taxpayers can also see the d...

  The Hon’ble Orrisa High Court in the case of Akshya Kumar Sahu v. Commissioner, Central Goods and Service Tax & Central Excise [Writ Petition (Civil) No. 4644 of 2024 dated February 29, 2024] disposed of the writ petition where Mr. Akshya Kumar Sahu (“the Petitioner”) sought to file an application for revocation of cancellation of registration, but could not file Form GSTR-3B due to suspension of GSTIN. Hence, aggrieved by the circumstances, the...

As per Sec 44 read with rule 80 :- Every registered person whose aggregate turnover exceeds Rs 2 crore is required to file:  - Annual Return GSTR 9  - Reconciliation Statement GSTR 9C (if turnover exceeds Rs 5 crore)  - Audited financial Statement  before 31st Dec 2023 Consequencies for not filing GSTR 9  - late fees Rs 100/ day (Max 0.02% of turnover) Notes:   - In case of Multiple GSTIN     ( if any GSTIN has nil turnover than als...

This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process.    1. Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the common portal, based on data analysis and risk parameters for Biometric-based Aadhaar Authentication and taking photograph of the applicant along with the verification of the origin...

Topic covers: 1.What is Debit Note and Credit Note? 2.Debit Note and Credit Note in GST Definition Reason to issue Debit note and Credit Note Time limit to issue 3.Reflection in GST return 4.Format of Debit note and credit note 5.Difference between debit note and credit note 6.FAQs After issuance of the original invoice, there could be changes like change in value, change in tax amount or rate, or any other similar change. It happens in the normal course of business, in this instan...