Dear Users/Consumers, 1.This is to advise you that the Government has decided to set a deadline for taxpayers with AATOs bigger than 100 crores to disclose old invoices on the e-invoice IRP portals. Thank You,Team 2S Services
In an update dated September 5, 2023, the GST E-way bill system announced that, in accordance with Notification No. 78/2020 dated October 15, 2020, taxpayers with aggregate annual turnover (“AATO”) above Rs 5 Crore must use at least a 6 digit HSN code in their electronic invoices and waybills, while all other taxpayers must use…
The government made some changes to Table 4 of Form GSTR-3B in Notification No. 14/2022 – Central Tax, dated July 5, 2022 (read with Circular 170/02/2022-GST, dated July 6, 2022), to make it easier for taxpayers to report accurate information regarding ITC claimed, ITC reversed, ITC reclaimed, and ineligible ITC. Upon fulfillment of the applicable…
Dear Users/Consumers, Thank You,Team 2S Services
Dear Users/Consumers, 1.The GSTN developed and deployed a mobile application (available on iOS and Android platforms) as well as a web page for the “Mera Bill Mera Adhikaar” scheme in accordance with the Government’s instructions. 2.In accordance with a government policy decision, this program will be implemented starting on September 1, 2023 in the states…
Please click the link below if you want to access the detailed advisory. You can then download the advise in PDF format using this method. Thank You,Team 2S Services
Respected Taxpayer, Thank You,Team 2S Services
Respected Taxpayer, GSTN is happy to announce that all States and Union territories now have access to the feature for geocoding the primary place of business address. In order to assure the accuracy of address facts in GSTN records and speed the address location and verification procedure, this technology was implemented that translates an address…
Respected Taxpayer, Thank You,Team 2S Services
Respected Taxpayer, This is to tell you that the threshold for e-Invoicing for B2B transactions has been dropped from 10 crores to 5 crores per Notification No. 10/2023 – Central Tax dated May 10, 2023. This modification will take effect on August 1st, 2023. 2. To this end, GSTN has made e-Invoicing available to all…
Respected Taxpayer, Thank You,Team 2S Services
The GTAs, who initiate business or cross registration threshold on or after 1st April, 2023, and wish to choose for payment of tax via forward charge method are needed to file their declaration in Annexure V for the FY 2023-24 physically before the concerned jurisdictional body. The declaration may be filed within the relevant time…
Thank You,Team 2S Services
RBI: 2000 RUPEE DENOMINATION BANKNOTES – WITHDRAWAL FROM CIRCULATION; WILL CONTINUE AS LEGAL TENDER RBI: IT HAS BEEN DECIDED TO WITHDRAW THE 2000 RUPEES DENOMINATION BANK NOTES FROM CIRCULATION RBI: THE BANK NOTES IN 2000 RUPEES DENOMINATION WILL CONTINUE TO BE LEGAL TENDER RBI: BANKS MAY EXCHANGE 2000 RUPEES BANKNOTES UPTO A LIMIT OF 20,000…
Dear Taxpayers, This message is intended to advise you that the competent authority has decided to postpone by three months the enforcement of the seven-day deadline for reporting outdated e-invoices on the e-invoice IRP portals for taxpayers with aggregate turnover higher than or equal to 100 crores. In this regard, the following URL may be…
It has been noted that certain taxpayers had trouble filing GSTR-3B for the period of March 23 to April 20, 2023. After examining the causes, it was discovered that a significant number of taxpayers attempted to file GSTR-3B returns on the last day’s afternoon (20.05 lakh GSTR-3B returns were submitted on that day). As a…
Notices, orders, and other documents are generated by the GST portal (the “System”) and sent to the taxpayer. The majority of these documents have a DIN (Document Identification Number)/RFN (Reference Number), which is a system-generated unique identification. These documents are already tracable in the portal, namely on the taxpayer’s dashboard, by virtue of being generated…
The functionality for validating bank accounts has now been connected with the GST System, GSTN is happy to tell you. This function was added to make sure the tax payer’s stated bank accounts were accurate. Under the Dashboard → My Profile → Bank Account Status tab in the FO portal, you can view the status…
Dear Taxpayers, I’m writing to let you know that the government has decided to set a deadline for taxpayers with AATOs higher than or equal to 100 crores to disclose old invoices on the e-invoice IRP portals. Taxpayers in this category will not be permitted to record invoices that are more than 7 days old…
Dear Taxpayers, I’m writing to let you know that the government has decided to set a deadline for taxpayers with AATOs higher than or equivalent to 100 crores to disclose old invoices on the e-invoice IRP portals. Taxpayers in this category will not be permitted to record invoices that are more than 7 days old…
Dear Taxpayers, Thanking You,Team 2S Services
A “One Person Company” is a corporation with just one member, as specified by section 2(62) of the 2013 Companies Act. The people registering as “One Person Companies” while obtaining GST registration have brought up a few problems. Following analysis, it was discovered that the choice to select a one-person company was absent from the…
On the advice of the GST Council, GSTN launched the e-invoice registration services through a number of private IRPs as another move towards further digitising the business process flow. The GSTN appointed four private businesses, namely ClearTax, Cygnet, E&Y, and IRIS Business Ltd, to offer these e-invoice registration services to all national GST users. You…
