Tax Consultant

Implementation of mandatory mentioning of HSN codes in GSTR-1 20/07/2022 1.       Vide Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is                mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being implemented in a phase-wise manner on GST Portal.      2.  To facilitate the taxpayers, these changes are being implemented in a phase-wise manner on GST Portal 3. Part 1 of Phase I has already been implemented from 01 st April 2022 and is currently live on GST Portal. From 01 st August, 2022, Part-II of Phase-I would be implemented on GST Portal and the taxpayers would need to report HSN in table 12 of GSTR-.   For detailed advisory please click here Thanking You, Tea...

  Introducing new Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5) 20/07/2022 According to section 9(5) of CGST Act, 2017, Electronic Commerce Operator (ECO) is required to pay tax on supply of certain services notified by the government such as Passenger Transport Service, Accommodation services, Housekeeping Services & Restaurant Services, if such services are supplied through ECO. For reporting of such supplies a new Table 3.1.1 is being added in GSTR-3B as per Notification No. 14/2022 – Central Taxdated 05th July, 2022 wherein both ECOs and registered persons can report their supplies made under section 9(5) respectively. For detailed advisory in this regard please click here Thanking You, Team GSTN

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS   NOTIFICATION No. 14/2022 – Central Tax   New Delhi, the 5 th July, 2022   G.S.R... (E). –In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely: — 1.    Short title and commencement. -(1) These rules may be called the Central Goods and Services Tax (Amendment) Rules, 2022. (2)     Save as otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette.   2.      In...