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Annual Aggregate Turnover Computation Methodology under GST

For Normal Taxpayers who have filed all GSTR-3Bs: Turnover reported in GSTR-3B Column 2 of Table 3.1 {(a),(b),(c) & (e)} during the Financial Year 2020-21 have been taken into consideration (in case all the returns have been filed for the same). a) Outward taxable supplies(other than zerorated, nil rated and exempted). b) Outward taxa...

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Advisory on AATO Functionality under GST

Please read the following advisory carefully before proceeding ahead: This facility shows to the taxpayer AATO (Annual Aggregate Turnover) based on the returns filed by him/her in the last financial year. The facility of turnover update has also been provided to the taxpayer in this functionality, if the said taxpayer feels that the syste...

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9 New Functionalities on GST Portal for the month of July 2021

Module wise new functionalities deployed on the GST Portal for taxpayers in the Month of July 2021 GSTN releases 9 New Functionalities relegated to GST Registration, GST return and GST Refunds. These includes Facility for taxpayers/ persons to submit a complaint, in case of misuse of their PAN, for getting a registration in GST, Restricti...

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10 Suggestion for improvement in GST to GST Council

1. Before the introduction of the GST all the officers openly promised the trade and industry in all the seminars and the meetings that during the FIRST 2 years of the GST it will be treated as EDUCATIONAL PERIOD no penal action will be taken on the trade and industry for all small clerical mistakes […]...

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Law & procedure related to GST Registrations- Issues & Suggestions

Bombay Chartered Accountant’s Society  has made following two brief representations on the various legal and procedural issues on the provisions relating to GST registration in the GST law and rules which are relevant from every taxpayer’s point of view. These representation deals with legal issues and procedural issues. Full tex...

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Advisory on GSTR-1 Filing (11th August 2021)

Advisory on GSTR1 Filing (11th August 2021) Currently, the Taxpayers are seeing the below statuses for GSTR1, after uploading of JSON file from the of Tool: 1. Processed with Error or 2. In Progress This is due to the fact that many offline utilities used by Taxpayers are not filling the Table 12-HSN wise summary […]...

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2 held by CGST Officials for ITC fraud of more than Rs 10 crore

CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd.,  Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods....

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GST Council Secretariat Newsletter – July 2021

GST Revenue for July 2021 > ₹ 1,16,393 crores gross GST revenue collected in July The gross GST revenue collected in the month of July 2021 is Rs. 1,16,393 crores of which CGST is Rs. 22,197 crores, SGST is Rs. 28,541 crores, IGST is Rs. 57,864 crores (including Rs. 27,900 crores collected on import of […]...

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Request to extend benefit of Amnesty scheme to Composition Dealers

It is respectfully requested to please provide the benefit of Amnesty Scheme to Composition Dealers and allow them to file GSTR-4 for FY 2019-20 and earlier periods with minimum late fees....

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Avoidance of GST by E-commerce Companies

CAIT India has sent an important communication to all Chief Ministers of Indian States drawing their attention towards GST avoidance by e-commerce players causing huge loss of GST revenue to both state & central Govt and also urged support for E-Commerce Rules under the Consumer Protection Act. Full text of their communication  is as...

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