Advisory on issuance of Notices/Orders without digital signatures of the issuing authorities Sep 26th, 2024 Doubts have been created regarding the validity of documents issued by the tax officers on the common portal viz. SCN/Orders without the Digital signatures on the pdf. document downloaded from the common portal. In this context, it is to be…...
Archival of GST Returns data on GST portal
Archival of GST Returns data on GST portal Sep 24th, 2024 1. Section 39 (11) of the CGST Act, 2017 , implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, provides that the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years…...
Frequently Asked Questions on IMS
Frequently Asked Questions on IMS Sep 22nd, 2024 With the Introduction of Invoice Management System (IMS), the taxpayers interaction with invoices and business processes will change. This innovative feature empowers taxpayers to seamlessly accept, reject, or keep invoices pending in the system to avail later as and when required, streamlining the reconciliation process, and ensuring…...
Notification No. 104/2024 [F. No. 370142/16/2024-TPL] / GSR 584(E) :-
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 20th September, 2024 G.S.R. 584(E).–In exercise of the powers conferred by section 99 of the Finance (No. 2) Act, 2024 (15 of 2024), the Central Government hereby makes the following rules, namely:― 1. Short title and commencement.– (1) These rules may be called the Direct…...
Notification No. 103/2024 [F.No. 370142/17/2024/TPL] / SO 4016(E) :-
MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th September, 2024 S.O. 4016(E).—In exercise of the powers conferred by sub-section (2) of section 88 of the Finance (No. 2) Act, 2024 (15 of 2024), the Central Government hereby appoints the 1st day of October, 2024 as the date…...
Notification No.102/2024 [F.No. 203/12/2024/ITA-II] / SO 3961(E) :-
MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi, the 18th September, 2024 S.O. 3961(E).—In exercise of the powers conferred by clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5E of the Income-tax Rules, 1962, the Central…...
Re-opening of Reporting ITC Reversal Opening Balance
Re-opening of Reporting ITC Reversal Opening Balance Sep 17th, 2024 1. Vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 (read with circular 170/02/2022-GST, Dated 6th July,2022), the Government introduced certain changes in Table 4 of Form GSTR-3B regarding availment & reversal of ITC along-with reporting of re-claimed and ineligible ITC. Accordingly, the…...
Draft Manual on Invoice Management System
Draft Manual on Invoice Management System Sep 17th, 2024 In a significant leap forward in the Goods and Services Tax (GST) ecosystem, the GST Common Portal has unveiled a ground breaking new facility, the Invoice Management System (IMS), revolutionizing the way recipient taxpayers interact with invoices. This innovative feature empowers taxpayers to seamlessly accept, reject,…...
Change in Balance sheet format 2 Year Comparison Applicable | New Balance sheet for Non Companies
Change in Balance sheet format 2 Year Comparison Applicable | New Balance sheet for Non Companies Download New Balance sheet format -Non Corporate New balance sheet format...
Subject: Clarification regarding regularization of refund of IGST availed in contravention of rule 96(10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess – regarding.
Circular No. 233/27/2024-GST F. No. CBIC-20001/6/2024-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing *** New Delhi, dated the 10th September, 2024 To, New Delhi, dated the 10th September, 2024 The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central…...