Tax Consultant

Advisory on Interest Collection and Related Enhancements in GSTR-3B It is hereby informed that from January-2026 period onwards, the following enhancement have been made in filing of GSTR-3B:  Update in Interest Computation for GSTR-3B  From January-2026 tax period onwards, the interest calculation in table 5.1 of GSTR-3B on portal has been enhanced, providing the benefit of the minimum cash balance available in the Electronic Cash Ledger of the taxpayer from the due date of return filing until the date of tax payment (offset) in line with the proviso to Rule 88B(1) of the CGST Rules, 2017. The said change shall be applicable on the delayed returns filed for January 26’ tax period for which interest shall be auto-populated in February 26’ tax period’s GSTR-3B.  The revised interest computation formula is mentioned below for better understanding of the taxpayers.  Revised Interest Computation Formula Interest = (Net Tax Liability – Minimum Cash Balance in ECL from due...

  Attention: Increase in size of documents upload in Principal Place of Business and Additional Place of Business for New Registration and Amendment Jul 9th, 2024 Dear Taxpayer, GSTN   is pleased to inform that changes have been made in size of document upload in Principal Place of Business and Additional Place of Business for New Registration and Amendment catering to the grievances received in the matter from trade. Taxpayer can now upload following documents up to maximum size of 500 kb in the Principal Place of Business tab and Additional Places of Business tab as mentioned below:- Document type Document Name Earlier Document Size Document size increased now Type of Document Proof of Principal Place of Business and Additional Place of Business 1.   Municipal Khata Copy 2.   Electricity Bill 3.   Consent Letter 4.   Property Tax Receipt 100 KB 500 KB JPEG/PDF Thanks, Team GSTN

Advisory on Bank Account Validation 24/04/2023 GSTN is pleased to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer is correct. The bank account validation status can be seen under the Dashboard→My Profile→Bank Account Status tab in the FO portal. Tax Payers will also receive the bank account status detail on registered email and mobile number immediately after the validation is performed for his declared bank account. For seeking detail, please click on below mentioned URL :- https://tutorial.gst.gov.in/downloads/news/advisory_on_bank_account_validation_17april2023.pdf Thank You, Team GSTN VIEW ALL

  Advisory: Time limit for Reporting Invoices on the IRP Portal 12/04/2023 Dear Taxpayers, 1. It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores. 2. To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days on the date of reporting. 3. Please note that this restriction will only apply to the document type invoice, and there will be no time restriction on reporting debit/credit notes. 4. For example, if an invoice has a date of April 1, 2023, it cannot be reported after April 8, 2023. The validation system built into the invoice registration portal will disallow the user from reporting the invoice after the 7-day window. Hence, it is essential for taxpayers to ensure that they report the invoice within the 7-day window provided by the new time limit. 5. It is further to clarify tha...

  Advisory on opting for payment of tax under the forward charge  mechanism by a Goods Transport Agency (GTA) 25/02/2023 In compliance of Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022,  an option is being provided on the portal to all the existing taxpayers providing  Goods Transport Agencies Services, desirous of opting to pay tax under the  forward charge mechanism to exercise their option. They can navigate Services >  User Services > Opting Forward Charge Payment by GTA (Annexure V), after login,  to submit their option on the portal. Option in Annexure V FORM is required to be submitted on the portal by the Goods Transport Agencies every year before the commencement of the Financial  Year. The Option once filed cannot be withdrawn during the year and the cut-off date  for filing the Annexure V FORM is 15th March of the preceding financial year. Annexure V has been made available on the portal for GTA’s to e...

  1. It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible in GSTR-2A of such recipients. 2. The technical team is working to resolve this issue for the impacted taxpayers and generate fresh GSTR-2B at the earliest. 3. In the interim, affected taxpayers interested in filing GSTR-3B are requested to file the return on self-assessment basis using GSTR-2A. Inconvenience caused in this regard is deeply regretted. Regards, Team GSTN