13 May 2023 06:33 PM
New

Request Letter for Doing Important Amendments in GST ACT

Source: https://taxguru.in/goods-and-service-tax/request-letter-important-amendments-gst-act.html

Request Letter for Doing Important Amendments in GST Act.

13 May 2023 06:09 PM
New

Data mismatches to trigger notices under automated GST scrutiny, say experts

Source: https://www.livemint.com/news/india/data-mismatches-to-trigger-notices-under-automated-gst-scrutiny-say-experts-11683971200753.html

Similar to income tax returns processing, now the process of GST notices will also be automated through a system driven approach instead of direct notices from the assessment officer.

12 May 2023 05:29 PM
New

CBIC launches automated return scrutiny module for GST compliance

Source: https://www.livemint.com/news/india/cbic-launches-automated-return-scrutiny-module-for-gst-compliance-11683822481141.html

The move comes after Nirmala Sitharaman directed the board to roll out the non-intrusive compliance verification system for GST returns.

12 May 2023 05:01 PM

Karnataka HC quashes ₹21,000-crore GST notice to Gameskraft

Source: https://www.livemint.com/companies/news/karnataka-hc-quashes-rs-21-000-crore-gst-notice-to-gameskraft-11683808683880.html

As per the authorities, GTPL submitted fake/back dated invoices, that was was uncovered during a forensic examination of the documents.

12 May 2023 05:39 PM

Businesses with more than ₹5 crore sales have to generate e-invoices

Source: https://www.livemint.com/news/india/government-mandates-e-invoicing-for-businesses-with-5-10-crore-sales-in-new-delhi-to-capture-large-volumes-of-data-and-check-gst-payment-11683827987578.html

The government has been lowering the threshold for eligible entities for e-invoicing in phases, beginning with entities with more than ₹500 crore revenue in October 2020.

12 May 2023 05:46 PM

HC quashes DGGI’s ₹21k cr tax demand from Gameskraft

Source: https://www.livemint.com/companies/news/hc-quashes-dggi-s-21k-cr-tax-demand-from-gameskraft-11683828095273.html

NEW DELHI : The Karnataka High Court on Thursday overturned an order by the Directorate General of GST Intelligence (DGGI) imposing a ₹21,000 crore goods and services tax demand on Bengaluru-based Gameskraft, offering relief to online gaming firms.

12 May 2023 05:52 PM

CBIC rolls out Automated Return Scrutiny Module for GST returns

Source: https://taxguru.in/goods-and-service-tax/cbic-rolls-automated-return-scrutiny-module-gst-returns.html

CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers

11 May 2023 05:58 PM

Govt brings down threshold for e-invoicing to ₹5 cr businesses from August 1

Source: https://www.livemint.com/news/india/govt-brings-down-threshold-for-e-invoicing-to-rs-5-cr-businesses-from-august-1-11683791047104.html

Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with a turnover of over ₹500 crore from October 1, 2020.

11 May 2023 06:05 PM

Businesses with more than ₹5 crore sales have to generate e-invoices

Source: https://www.livemint.com/news/india/businesses-with-more-than-rs-5-crore-sales-have-to-generate-einvoices-11683796564777.html

The government has been lowering the threshold for eligible entities for e-invoicing in phases, beginning with entities with more than ₹500 crore turnover in October 2020

11 May 2023 06:09 PM

5 New Functioality on GST Portal

Source: https://taxguru.in/goods-and-service-tax/5-new-functioality-gst-portal.html

As announced by the Government, availment of amnesty scheme, between 1st April 2023 and 30th June 2023, has been enabled for taxpayers on the portal. Now taxpayers cancelled Suo moto between 1stJuly, 2017 and 31st December, 2022, would be able to file application for revocation of cancellation of registration, irrespective of the fact whether they have already filed revocation application or not.