Latest GST News, Circulars & Tax Law Updates | Taxrealtime

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Calcutta High Court - Narayana Hrudayalaya secured a stay on GST recovery for inpatient medicines, w... Orissa High Court - Due to interest demand wrongly classified as "Tax" in the Order, taxpayer cannot... Allahabad High Court - Demand order cannot confirm tax and penalty demand higher than what was propo... Uttarakhand High Court - Genuine typographical error in GST Invoice ["32" instead of "32/(2023-24)"]...

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GST News - Functionality to transfer cash ledger balance between same PAN's GSTIN is enabled

GST – Hand book is released by Chennai Outer GST & Central Excise Tamil Nadu & Puducherry GST Zone on “Roles and Responsibilities” for CGST Officers

GST News - GSTN launches e-invoice registration services through private IRPs - ClearTax, Cygnet, E&Y and IRIS Business Ltd

GST News - CBIC issued Sampark 2023 containing contact information of CBIC officials

GST News: Three new e-invoice portal has been introduced for reporting e-invoices in addition to NIC-IRP; Comprehensive information available of e-invoice compliances; and many more

News: GSTIN has enabled the option for GTA to file a declaration to opt for payment under forward charge mechanism on the GST portal

GST News - GSTIN has issued advisory Advisory on Auto population of details in Form GSTR-3B from Form GSTR 1 & 2B - Auto populated Table 4 of GSTR-3B has been revised and shall now be auto populated as net of credit note...

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...

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