Key Highlights of GST Notifications and Clarification Circulars
Notification Updates
Notification 30/2024–Central Tax dated 10 December 2024
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification for extending the due date for furnishing the return in FORM GSTR-3B for the month of October 2024 till the twenty-first day of November 2024 for the registered persons whose principal place of business is in the state of Maharashtra and Jharkhand.
GST News
Gross and Net GST revenue collection report for the month of November 2024
The GSTN team has released Gross and Net GST revenue collections for the month of October 2024. The report highlights an 9.38% increase in gross collection from November 2023.
Technical Updates
Advisory on mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024
The CBIC has clarified that sequential filing of GSTR-7 is mandatory with effect from 1st November 2024. Taxpayers are advised not to rely on any previous FAQs stating that sequential filing is not mandatory, as those references are now obsolete.
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