Latest GST News
Latest GST News
1. 2023 GST Updates
13th April 2023
As per the GST Network's advisories dated 12th April 2023 and 13th April 2023, taxpayers with annual turnover equal to or more than Rs.100 crore must report tax invoices and credit-debit notes to IRP within 7 days of invoice date from 1st May 2023.
31st March 2023
CGST notifications 02/2023 to 08/2023 issued on 31st March 2023 brings GST Council recommendations into effect as follows-
(1)?Amnesty schemes?valid up to 30th June 2023 are introduced for late filers of GSTR-4, GSTR-9, GSTR-10, defaulters attracting Section 62 of the CGST Act (Best Judgement assessment) and for applying revocation of cancelled GST registration in REG-21.
(2) Risk based biometric aadhaar authentication for Gujarat is notified through?CGST notification 05/2023?with effect from 26th December 2022.?
(3) The extension of limitation period under Section 168A to issue orders under Section 79 (recovery proceedings) is extended for past years-
1st February 2023
Updates from Budget 2023-
The decriminalisation of offences and extension of the composition scheme to e-tailers are a few key highlights from the Budget 2023. For complete GST highlights, read our?Budget 2023 highlights?
12th January 2023
An automated drop proceedings facility is available on the GST portal to revoke cancelled GSTINs where taxpayers file pending GST returns.
?4th January 2023
CGST Notification 01/2023 was issued on 4th January 2023 to assign more powers vested with a Superintendent of central tax to the Additional Assistant Directors in DGGI, DGGST and DG Audit.