CBIC waives late fee for default in filing Form GSTR 10 & GSTR 9
CBIC waives late fee for default in filing Form GSTR 10 & GSTR 9 subject to filing the same by 31 August, 2023.
Maharashtra Goods and Services Tax (Amendment) Bill, 2023
Businesses are allowed to claim input tax credit on goods or services used for corporate social responsibility obligations under the Companies Act, 2013.
Karasamadhana Scheme, 2023
This Scheme was introduced in order to expeditiously resolve pre-GST legacy tax disputes and to collect arrears promptly without litigation.
CBIC clarification regarding Suspension of License of Customs Broker
The Commissioner of Customs may, inappropriate cases where immediate action is necessary, suspend the license of a customs broker, where the enquiry against such customs broker is pending or contemplated.
Central Government extends due date for filing GSTR 3B
As per the revised timeline, the registered persons who fail to furnish the GSTR 3B return by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 31st day of August, 2023, the total amount of late fee shall stand waived which is in excess of ten thousand rupees.
Transshipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2023
The amendment has extended the scope of the regulations.
Standard Operating Procedure for stepping up of Preventive Vigilance Mechanism by the jurisdictional CBIC field formations and to prevent flow of suspicious cash, illicit liquor, drugs/narcotics, freebies and smuggled goods during elections
The Principal Chief Commissioners/ Chief Commissioners of Customs, Customs (Prev.) and Central Goods and Services Tax (CGST) Zones and the Principal Additional Director Generals (Pr. ADGs)/ Additional Director Generals (ADGs) of Zonal Units of Directorate of Revenue Intelligence (DRI) and Directorate General of Goods and Service Tax Intelligence (DGGSTI) should throughout the elections closely monitor the steps taken by the respective officers to implement the directions of the ECJ especially in use of non-monetary inducements (sarees,
shirts, caps, scarves, white goods, masks, kitchen items, etc.) and cash to lure voters, apprehending smuggled/ illicit and other goods, identification of warehouses used to stock goods for distribution to lure voters, cash movement etc. and also the dissemination of information to and from other enforcement agencies/ department and action taken thereon.
Registered person’s under Puducherry GST Act, 2017 with turnover above 5 crore shall generate e-invoice
The notification makes the e-invoice requirement applicable to registered person’s with turnover above five crore rupees. GST-registered businesses with turnover above five crore rupees must generate e invoice for Business-to-Business (B2B) transactions. This decision is expected to impact registered persons whose aggregate turnover exceeds five crore rupees in a financial year.
Government of NCT Delhi provides relaxation for late filing of Form GSTR 9
For the registered persons who fail to furnish the Form GSTR 9 by the due date for any of the financial years 2017-18, 2018-19, 2019-20, 2020-21 or 2021-22, but furnish the said return between the period from the 1st day of April, 2023 to the 30th day of June, 2023, the total amount of late fee payable in respect of the said return, shall stand waived which is in excess of ten thousand rupees.
Revised the process for payment of GST by Goods Transport Agencies in Delhi
GTAs that commence new businesses or cross the registration threshold during any financial year now have the option to pay GST on the services they supply during that financial year by making a declaration in Annexure V.
