Category: GST

The CBIC has introduced the table 14 and 15 for Ecommerce operators or those who are liable to pay tax under Section 9(5) of the GST Act in GSTR 1. So, as per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new tables Table 14 and Table 15 were added in GSTR-1 […]

The CBIC has extended the period until 31.01.2024 for reporting the opening balance of ITC reversal. Therefore, In order to facilitate the taxpayers in correct and accurate reporting of ITC reversal and reclaim thereof and to avoid clerical mistakes, a new ledger namely Electronic Credit and Re-claimed Statement was introduced on the GST portal. This […]

gst annual return 2023

Late filing fees of GSTR 3B are waived according to the Notification No. 52/2020 –Central Tax dt.24.06.2020. Further, the government has issued notification no. 57/2020 –Central Tax dt.30.06.2020 to put conditions as stated below…

Stay updated with the latest GST news to ensure compliance and make informed business decisions. The Goods and Services Tax (GST) is a crucial aspect of modern-day taxation, affecting businesses of all sizes. By staying informed about GST news, you can stay ahead of changes in tax rates, regulations, and compliance requirements. Keeping up with […]