CBIC circular regarding an amnesty scheme for one time settlement of default in export obligation by advance and EPCG authorization holders
The Commissioners shall ensure exporters approaching to pay duty are registered with DGFT. Such cases shall be tracked and monitored for efficient handling. Suitable mechanisms shall be put in place for close supervision.
CBIC exempted production of petroleum crude for export from the Special Additional Excise Duty
This notification shall come into force on the16th day of May, 2023.
Guidelines for Special All-India Drive against fake registration
A Special All-India Drive may be launched by all Central and State Tax administrations during the period 16th May 2023 to 15th July 2023 to detect suspicious / fake GSTINs and to conduct requisite verification and further remedial action to weed out these fake billers from the GST eco-system and to safeguard Government revenue.
The Central Board of Indirect Taxes and Customs has implemented e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 5 Crore
The Central Board of Indirect Taxes and Customs has implemented e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 5 Crore. Previously e-invoicing was only applicable to taxpayers having aggregate turnover exceeding Rs. 10 Crore.
CBIC issues procedure for payment of GST by non-registered entities
It shall make a declaration before the expiry of forty-five days from the date of applying for GST registration or one month from the date of obtaining registration whichever is later.
CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers
In the module, discrepancies on account of risks associated with a return are displayed to the tax officers. Tax officers are provided with a workflow for interacting with the taxpayers through the GSTN Common Portal for communication of discrepancies noticed under FORM ASMT-10, receipt of taxpayer’s reply in FORM ASMT-11 and subsequent action in form of either issuance of an order of acceptance of reply in FORM ASMT-12 or issuance of show cause notice or initiation of audit / investigation.
GSTN advisory for the Timely Filing of GST Returns
Taxpayers are advised to inculcate a month-wise return filing discipline for all the B2B invoices for the month and avoid reporting invoices of the past period in one go.
Haryana GST relaxations
Late fee payable shall stand waived for the registered persons who fail to furnish the return in FORM GSTR-9 for the Financial years from 2017-28 to 2021-22 by the due date but furnish the said return between the period from April 01, 2023, to June 30, 2023.
Government of Gujarat issues GST relaxations
Time limit for issuance of an order for recovery of tax not paid or short paid or of input tax credit wrongly availed or utilized is extended; (a) for the financial year 2017-18, up to December 31, 2023; (b)for the financial year 2018-19, up to March 31, 2024; (c) for the financial year 2019-20, up to June 30, 2024.
Governor of WB notifies special procedure for revocation of cancellation of GST registration
The Governor of WB has notified that the GST registered person, whose registration has been cancelled and who has failed to apply for revocation of cancellation of such registration within the time period specified shall follow the special procedure.
