GST

Modification of GST Procedure for Interception Modification of GST Procedure for Interception The Central Board of Indirect Taxes and Customs (CBIC) has made several clarifications to the existing procedure for interception, detention, release, and confiscation of goods under the Goods and Services Tax (GST) regime through Circular No. 64/38/2018-GST dated September 14, 2018. This circular … Read more

Archival of GST Returns Data on the GST Portal Archival of GST Returns Data on the GST Portal The Goods and Services Tax (GST) portal has implemented a new data archival policy, which taxpayers must be aware of to ensure compliance and maintain access to their return filings. As of September 24, 2024, two important … Read more

Update Bank Details on the GST Portal and Avoid Registration Cancellation Update Bank Details on the GST Portal and Avoid Registration Cancellation In the world of taxation and compliance, even the smallest details can have significant consequences. One such critical detail for GST-registered businesses is updating their bank account details within the stipulated time. Update … Read more

Invoice Management System Invoice Management System : The Invoice Management System (IMS) is a new facility introduced in the GST system that allows recipients to accept, reject, or keep pending the invoices/records filed by suppliers in GSTR-1/1A/IFF. This system helps businesses accurately claim Input Tax Credit (ITC). Below are the most frequently asked questions about … Read more

Changes in GST Rates for Savoury Food Products The Recent Changes in GST Rates for Savoury Food Products The Goods and Services Tax (GST) Council has recently made significant recommendations that impact various sectors, particularly the food industry. Among these changes is the reduction in GST rates for savoury food products, which is expected to … Read more