Latest GST News, Circulars & Tax Law Updates | Taxrealtime

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GSTAT has extended relaxed and simplified appeal filing procedures on the portal till 31 December 20... Himachal Pradesh High Court: Once either Central or State GST authority initiates adjudicatory proce... Jammu & Kashmir and Ladakh High Court: While the petitioner claimed hospitalization of his father, t... Bombay High Court - Corporate guarantee issued by a parent company to its subsidiaries without recei...

News Updates

GST News - GSTN has updated the auto input tax credit comparison sheet (GSTR-3B Vs GSTR-2B) to take into effect the changes of credit reporting as per Circular 170

Budget Highlights - No more ITC allowed on CSR activities, Value to exempt supplies to include Supply of warehoused goods to any person before clearance for home Consumption and many more

GST – New Functionalities made available for Taxpayers on GST Portal (December 2022) - Taxpayers can file adjournment request while replying to a Notice to Summon in Enforcement cases; Option to "Initiate Drop Proceeding...

GST News – GSTN has enabled the functionality to furnish a Letter of Undertaking (“LUT”) for the Financial Year 2023-2024 on the GST Portal

GST News - Jharkhand CM demands extension of GST compensation period for 5 more years.

GST News – An August 2018 study by RBI noted that the introduction of GST led to an increase in compliance costs and other operating costs for MSMEs as most of them were brought into tax net

GST – CBIC clarified no recommendation has been made by GST Council to reduce the e-invoicing threshold limit to Rs. 5 Crore with effect from 01.01.2023

News - Customs, Central Excise & Service Tax Settlement Commission – A Filip to Alternative Dispute Resolution Mechanism for expeditious settlement of Show Cause Notices issued under Customs Act/Central Excise Act/Servic...

GST News – Tata Group moves Bombay HC against Rs 1,500-crore notice from DGGI for GST claim on Docomo deal

GST: Press release issued of 48th Meeting of the GST Council held today - No GST on renting of residential dwelling if used as own residence and not on account of his business - Incentive paid to banks by Central Governm...

GST News – GST council likely to consider decriminalization of GST law on 17 December meet to make it more tax friendly – likely to discuss raising the threshold of launching prosecution to ₹20 crore, from ₹5 crore at pr...

GST – GSTN has issued an update on GSTR-9 Annual Return; Computation of ITC (Table 8A) has been updated based on GSTR-1/IFF/GSTR-5 filed by Supplier up to Nov 30, 2022

GST News – GST Council is expected to discuss two key reports – one on taxation of online gaming, horse racing and casinos and another dealing with the setting up of GST Appellate Tribunal as it meets on December 17 via...

GST News - Violation of GST rules: Insurers ask govt to sort ‘GST evasion lapses: DGGi initiated investigations against 16 insurance companies on the issue of availment of ineligible input tax credit.

GST News – Haryana Government cancelled all non-filers of GSTR-3B till March 2021 under state jurisdiction - After this exercise, there is no tax payer under State jurisdiction who has not filed his GSTR-3B till March 20...

GST Implementation Committee of GST Council has approved extension of the Due date of filing GSTR-3B for the month of September 2022 to 21 October 2022

GST News: CBIC has set up a special commission to end the legacy Indirect Tax disputes [News dated 12 October 2022]

GST – GSTN issued advisory of new Functionalities that are made available for Taxpayers on GST Portal during September, 2022 – ITC to be correctly reported as per updated Table 4 of GSTR-3B - Enabled taxpayers to apply f...

GST News: End of extension of GST exemption – EXIM community rue Government for not extending GST export freight exemption [News dated 01 October 2022]

GST: GSTN issued advisory regarding re-opening of TRAN Forms to claim Transitional ITC – [News Date – 01 October 2022]

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