Source: https://www.livemint.com/news/india/quick-edit-gst-needs-reform-11682965029695.html
Even as the West grapples with yet another bank failure, with First Republic Bank being acquired by JPMorgan Chase & Co in an emergency government-led intervention, India’s economy seems to be steaming ahead
Read MorePM Modi took to share his message on the the highest ever GST revenue collection numbers
Read MoreGross GST collection in April 2023 is all time high, Rs 19,495 crore more than the next highest collection of Rs. 1,67,540 crore, in April 2022
Read MoreBusinesses whose turnover is ₹100 crore and above will now have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoice with effect from May 1, GST Network has said.
Read MoreThe gross GST revenue collected in the month of April, 2023 is ₹ 1,87,035 crore of which CGST is ₹38,440 crore, SGST is ₹47,412 crore, IGST is ₹89,158 crore (including ₹34,972 crore collected on import of goods) and cess is ₹12,025 crore (including ₹901 crore collected on import of goods).
Read MoreSource: https://taxguru.in/goods-and-service-tax/cbic-introduce-automated-gst-return-scrutiny-week.html
Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Indirect Taxes & Customs (CBIC)
Read MoreKSCAA has sent a representation to the The commissioner of Commercial Tax, on umpteen number of glitches and hardship in payment of taxes and filing of returns under Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976
Read MoreSource: https://taxguru.in/goods-and-service-tax/10-functionality-introduced-gstn-gst-portal.html
10 NEW Functionality introduced by GSTN on GST Portal
GST Registration
Source: https://taxguru.in/goods-and-service-tax/extend-date-opting-charge-case-gta-services.html
Re:- Extend the date of “Opting for Forward charge” in case of GTA Services.
With reference to above it is respectuflly submitted that the Goods Transport Agencies have to submit Annexure V to opt for Forward charge of Tax and for the Financial Year 2023-24 and the due date of submission of the Annexure V by the Transport company was 15th March 2023. Lot of dealers providing the GTA Services and desirous to go for Forward charge with respect failed to submit the Annexure V on or before due date due to various reason including ignorance of this procedure. . In most of the cases these dealers came to know this failure when the recipients of their service enquire from them the supportive documents of applying in Annexure V in the month of April 2023.
Source: https://taxguru.in/goods-and-service-tax/extend-date-opting-forward-charge-case-gta-services.html
सेवा में, सदस्य सचिव/अध्यक्ष जी जीएसटी परिषद नयी दिल्ली आदरणीय, विषय :- ट्रांसपोर्ट सेक्टर की सेवाओं के मामले में “फॉरवर्ड चार्ज के लिए विकल्प” लेने की तिथि को 15 मार्च 2023 से एक बार बढाने की अपील.
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