As per the CGST Act and the Rules thereunder, all registered taxpayers are required to furnish the details of their bank accounts within 30 days of the grant of registration or before the due date of filing GSTR-1/IFF, whichever is earlier. Reference is made to the amended Rule 10A of the CGST Rules, 2017, which […]
GSTN is introducing two-factor authentication (2FA) for taxpayers to strengthen the login security in GST portal. The pilot rollout has been done for a state of Haryana and working seamlessly. Currently, 2FA has been rolled out for Punjab, Chandigarh, Uttarakhand, Rajasthan and Delhi in 1st phase on 1st December 2023. In 2nd phase, it is […]
The GST portal has recently introduced a new feature for filing of online compliance pertaining to ITC mismatch in form GST DRC-01C. As per the said advisory, it is to be noted that GSTN has developed a functionality to generate automated intimation in Form GST DRC-01C which enables the taxpayer to explain the difference in […]
Electronic invoicing, popularly called as ‘e-invoice’ is a concept in which all B2B invoices are electronically uploaded by the supplier and authenticated by Invoice Registration Portal (IRP) with a unique number called IRN and a QR code. An invoice is considered valid only when there is a unique IRN and QR code printed on the […]
Coming down hard on the indirect tax department the Allahabad High Court said the tax department harassed a taxpayer by cancelling his registration and slapped a fine of Rs 10,000. The high court also revoked the cancellation of registration of the taxpayer on account of “non filing of Goods and Services Tax (GST) returns for […]