Your AIS has changed – CBDT Press Release on AIS New Changes 2024

CBDT has released new functionality in AIS to increase transparency and issued a press release dated 13 May 2024. Highlights In AIS, taxpayer has been provided with a functionality to furnish feedback on every transaction displayed therein. This feedback helps the taxpayer to comment on the accuracy of the information provided by the Source of such […]

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Clarification to deal with difference in ITC availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period April 01, 2019 to December 31, 2021

The CBIC vide Circular No. 193/05/2023-GST dated July 17, 2023 has issued a clarification to deal with the difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period April 01, 2019 to December 31, 2021. Attention is invited to Circular No. 183/15/2022-GST dated 27th December, 2022,

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Minutes of meeting of GRC (Grievance Redressal committee of GST) – held on 22nd April 2024

The GRC meeting convened on April 22, 2024, commenced with a cordial welcome extended to all members by the Chairman. Agenda Points: Issues Raised by Federation of All India Vyapar Mandal Issues Raised by Confederation of Indian Industries (CII) Major Issues Raised by ASSOCIIAM Major Issues Raised by FICCI Conclusion Minutes of the GRC Meeting

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GST portal new version from 3 May 2024

GSTN has informed that an enhanced version of the  GST portal is being launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate. The effort is to improve user experience and ensure that the information you needing is accessible and easy

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Celebrating Four Remarkable Years Together – Onwards and Upwards!

Dear Team, As we mark four years of our journey together, I want to express my deep gratitude for your dedication and hard work. Your commitment has been the driving force behind our success. Today, as we step forward to our fourth year, I find myself reflecting on the journey we have embarked upon together,

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CBDT:  No liability to deduct/collect tax at higher rates if payee links PAN-Aadhaar by May 31, 2024

To address grievances faced by deductors /collectors, the CBDT has specified that for the transactions entered into up to 31.03.2024 and in cases where the PAN becomes operative (as a result of linkage with Aadhaar) on or before 31.05.2024, there shall be no liability on the deductor /collector to deduct/collect the tax at higher rates

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Circulars/Notifications, news
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HC directs dept. to restore GST registration of assessee and open portal for 30 days to enable filing of return

GST: Where assessee’s GST registration was cancelled for non-filing of returns, assessee prayed for restoration of registration, was ready to deposit all dues, respondent-authority was to be directed to restore assessee’s registration and open portal for 30 days to enable assessee to file return and pay all dues in said time frame [2024] 161 taxmann.com

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HC quashes order rejecting application for condonation of delay in filing revised ITR

INCOME TAX: Where assessee-trust had inadvertently erred in claiming past years’ deficit against current year’s income and, as a result, it was saddled with a demand, application filed by assessee for condonation of delay in filing revised return was to be allowed. [2024] 161 taxmann.com 544 (Orissa) HIGH COURT OF ORISSA Oneness Educational and Charitable

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GST: Reporting Negative Values in GSTR-3B Simplified

The Goods and Services Tax (GST) portal has introduced a significant update, allowing taxpayers to report negative values in GSTR-3B, the summary return for regular GST taxpayers. In this blog post, we will discuss the implications of these changes, the technical terms involved, and the benefits for taxpayers. You may read the original notification at

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GSTN issued advisory on Reset and Re-filing of GSTR-3B of some taxpayers

GST| The GSTN has issued an advisory to inform about the facility for re-filing of GSTR-3B for some of the taxpayers since there were discrepancies in the returns of some taxpayers during the filing process between the saved data in the GST system and actually filed data in the fields of ITC availment and payment

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