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GST IMS PORTAL
Major changes in GST Invoice Management System (IMS) from October 2025 tax periodThe Goods and Services Tax Network has updated its Invoice Management System. Taxpayers can now mark credit notes as pending for one tax pe...
CBIC working on monetary limit for GST demand notices: OfficialThe CBIC is developing a monetary limit for GST demand notices to prevent the issuance of notices on unsubstantial grounds, aiming for fair...
GST's identity crisis: One nation, multiple headachesEight years since the introduction of GST, complex structures, clogged tribunals, and compliance burdens are chipping away at the ‘One Nati...
Frequent regulatory changes, full automation under GST making compliance difficult and expansive for taxpayersGST changes in Budget 2025: The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance und...
2 days delay in input tax credit: Buyers will have to wait longer for GSTR-2B statement; use recompute option in this caseGoods and Service Tax: The GSTR-2B (input tax credit) statement will now be generate 2 days late on January 16, 2025 for the December 2024 ...
New GSTN advisory: GST registered suppliers must take note of these new changes made in GSTR-1 from January 2025When you file GSTR-1 on or before February 11, 2025, the specified new rules will have to be followed otherwise the return will be consider...
Simplification to be the focus for taxation in 2025The government's focus will be on simplifying tax policies and rationalising GST rates in the New Year. The review includes improving incom...
New advisory by GSTN: GST E-Way Bill rules changed; Buyers’ input tax credit is at risk if seller does not follow these new rulesGST: A new advisory by GSTN alerted taxpayers about changes being made with E-Way Bill generation time limits which is now reduced to 180 d...
GSTR 2B input tax issue: A new advisory by GSTN on how to fix it for FY 2023-24Goods and services tax (GST): The GSTN in an advisory said that if you are facing the issue of non-generation of GSTR 2B which is a stateme...
Faster ITC claim: Now suppliers can see & take action on whether buyer rejected the invoice or accepted it on the new IMS portal of GSTGoods and services tax (GST): The goods and services tax network (GSTN) has implemented a new feature inside the invoice management system ...
New GSTN feature to correct mistakes in GST invoice matching process for claiming input tax credit; Know how it worksInput tax credit: The goods and services tax network (GSTN) has introduced a solution to help GST registered taxpayers into claiming the co...
GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check detailsGST return filing process: GSTR-3B is a condensed summary return, and its intention is for taxpayers to report their summarized GST obligat...
Fake registration drive: GST officers detect 10,700 bogus firms, over Rs 10k cr evasionTax officers have detected around 10,700 fake GST registrations involving Rs 10,179 crore in evasion. Aadhaar authentication for GST regist...
Sitharaman-led GST Council has a key task now to develop a long-term vision for taxGST Council's 54th meeting addressed industry concerns by rationalizing GST rates, providing exemptions, and clarifying laws to avoid litig...
GSTN to launch invoice management system from Oct 1The GST Network will introduce the Invoice Management System (IMS) from October 1 to help taxpayers match their records with those issued b...
Infosys coded India’s tax network, it got a $4 billion billThe Bengaluru-based firm sent out another statement Thursday evening, saying that the pre-show-cause notice by the state authority had been...
'ITR portal slow', 'waive late fee', 'extend ITR deadline' trend on Twitter: Will ITR filing deadline be extended?Tax department’s helpdesk which is open all day today to assist taxpayers with ITR filing, tax payment, and other associated services.
Last day of ITR filing: Twitterati vent pain in filing ITR on new tax portalThey are raising their issues with the hashtag ‘Extend due date’ and ‘Extend due date immediately’. Here is what they are saying on Twitter.
Centre taking up reforms despite pandemic: Nirmala Sitharaman"The sum and substance of what began in March 2020 with Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) has again been extended from this...
GST may not impact essential drugs stockRecently, pharma research firm, AIOCD Awacs which tracks seven lakh chemists, also said it did not foresee shortages at the consumer level.