Category: Articles

  • Attention – Advisory on IMS

    Attention – Advisory on IMS Oct 14th, 2024 Invoice Management System (IMS) is made available to taxpayers from Today, 14th Oct, 2024. The new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC). Taxpayers can make…

  • Advisory on Proper Entry of RR No./Parcel Way Bill (PWB) Numbers in EWB system Post EWB-PMS Integration

    Advisory on Proper Entry of RR No./Parcel Way Bill (PWB) Numbers in EWB system Post EWB-PMS Integration Oct 4th, 2024 Subject: Guidance for Accurate Entry of RR No./Parcel Way Bill (PWB) Numbers following the Integration of E-Way Bill (EWB) with Parcel Management System (PMS) Dear Taxpayers, It is to inform that the…

  • Analysis of Safari Retreats Supreme Court Judgement

    Analysis of Safari Retreats Supreme Court Judgement The Safari Retreats Case involves a significant ruling by the Supreme Court of India in the Civil Appeal No. 2948 of 2023 relates to Section 17(5)(c) and (d) of the CGST Act, which restricts the availment of input tax credit (ITC) on goods…

  • Advisory: GSTN e-Services App to Replace e-Invoice QR Code Verifier App Shortly

    Advisory: GSTN e-Services App to Replace e-Invoice QR Code Verifier App Shortly Oct 1st, 2024 Dear Taxpayers, GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App. This app offers the following features: Verify e-Invoices: Scan the QR code to verify…

  • Restoration of GST Returns data on Portal

    Restoration of GST Returns data on Portal Sep 29th, 2024 Please refer to the advisory issued on 24th September, 2024 regarding the archival of return data from the Common Portal after seven years. This data was archived in line with data archival policy. Data archival process was implemented on a…

  • Timely Response to Notices – A Lesson Learned

    Timely Response to Notices – A Lesson Learned We share an insightful incident that underscores the critical importance of timely responses to notices from tax authorities. One of the assesses faced an unexpected challenge when he contracted COVID-19, forcing him to halt his business operations for six long months. This…

  • A Summary on DGGI Annual Report 2022-23

    A Summary on DGGI Annual Report 2022-23 The “DGGI Annual Report 2022-23” from the Directorate General of Goods and Services Tax Intelligence (DGGI) provides a comprehensive overview of the Directorate’s activities, achievements, and initiatives during the fiscal year 2022-23. Key highlights from the report include: The report underscores the DGGI’s…

  • Difference between GSTR 2A and GSTR 2B

    Difference between GSTR 2A and GSTR 2B   Date of generation GSTR 2A – GSTR 2A is dynamic. GSTR 2A starts getting populated as soon as invoices are uploaded/ auto-populated in GSTR1 by their suppliers. GSTR 2B – GSTR 2B gets generated on 14th of every month.   Dynamic/Static GSTR…

  • GSTR 2B

    GSTR 2B   What is GSTR 2B? GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor). The statement indicates availability and non availability…

  • Change in e-Way Bill Rules

    Change in e-Way Bill Rules With reference Notification 15/2021-CT dated 18.05.2021, to blocking of GSTIN for e-Way Bill generation is now considered only for the defaulting Supplier GSTIN and not for the defaulting Recipient or Transporter GSTIN. Mode of transport Ship is now updated as Ship / Road cum Ship…