ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A Nov 8th, 2024 For reducing the tax disputes and to provide a big relief to the taxpayers, GST Council in its 53rd meeting held on 22nd June, 2024 had recommended for waiver of interest and penalties in the demand notices or orders issued under Section 73 of the…...
Advisory related to ‘Other Territory’ applications
Advisory related to ‘Other Territory’ applications Nov 7th, 2024 Dear Taxpayers, As per Notification No. 2/2017-Central Tax dated 19th June, 2017 read with Trade Notice No. 01/2017-Central Tax dated 21st June, 2017 issued by Office of the Chief Commissioner of Central Excise, Mumbai Zone I and GST Trade Notice No. 002/2017 dated 20th June, 2017…...
Advisory for Form GST DRC-03A
Advisory for Form GST DRC-03A Nov 5th, 2024 1. It has been observed that some taxpayers have paid the demanded amount vide DRC 07/DRC 08/MOV 09/MOV 11/APL 04 through DRC-03 instead of using payment facility ‘Payment towards demand’ available on GST portal. This led to a situation where demand has been paid by the taxpayer,…...
Advisory: Time Limit for Reporting e-Invoice on the IRP Portal – Lowering of Threshold to AATO 10 Crores and Above
Advisory: Time Limit for Reporting e-Invoice on the IRP Portal – Lowering of Threshold to AATO 10 Crores and Above Nov 5th, 2024 Dear Taxpayers, 1. With reference to the earlier advisory dated 13th September 2023 (https://einvoice.gst.gov.in/einvoice/newsandupdates/read-602), where a time limit of 30 days for reporting e-Invoices on IRP portals for taxpayers with an AATO…...
Gross and Net GST revenue collections for the month of Oct, 2024
Gross and Net GST revenue collections for the month of Oct, 2024 Nov 1st, 2024 Please click on the link below to view the gross and net GST revenue collections for the month of October, 2024. (https://tutorial.gst.gov.in/downloads/news/revenue_report_oct24.pdf ) Thanks, Team GSTN...
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Ladakh
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Ladakh Oct 30th, 2024 Dear Taxpayers, 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…...
Notification No. 5/2024 : Specifying Forms Prescribed in Appendix-II of the Income Tax Rules 1962, to be furnished electronically under sub-rule(1) and sub-rule (2) of Rule 131 of the Income Tax Rules, 1962
download complete notification-notification-no-5-2024-30-10-24...
Circular No. 15/2024 : Order under section 119(1) of the IT Act, 1961 fixing the monetary limits of the Income-tax authorities in respect of reduction or waiver of interest paid or payable under section 220 (2) of the IT Act
F.No.400/08/2024-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******** New Delhi, 4th November, 2024 Subject: Order under section 119(1) of the Income-tax Act, 1961 fixing monetary limits of the orities in respect of reduction or waiver of interest paid or payable under section ome-tax Act- reg.income-tax auth220(2) of…...
Circular No. 14/2024 : Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of income claiming deduction u/s 80P of the Act for Assessment Year 2023-24
F.No.173/92/2024·ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 30th October, 2024 Sub: - Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of income claiming deduction u/s BOP of the Act for Assessment Year 2023-24-Reg.…...
Barring of GST Return on expiry of three years
Barring of GST Return on expiry of three years Oct 29th, 2024 As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years…...