Finance Post

Declaration in Annexure V for FY 2023-24 can be filed by existing GTAs upto 31st May 2023.

And Declaration in Annexure V can be filed within 45 days from applying for registration or within 30 days from obtaining registration for newly registered GTA whichever is later

CGST Notification No. 5/2023 dated 9th May 2023

Declaration in Annexure V for FY 2023-24 can be filed by GTA upto 31st May 2023 - FinancePost Declaration to be filed by GTA

How to generate e-invoices on GePP Portal?

GePP Portal can be used by taxpayers who have a limited number of B2B e-invoices to generate. It does not require integration into the accounting software.

It is user-friendly, free, and easy to use.

E-invoice on GePP Portal - FinancePost E-invoice on GePP Portal Introduction "GST e-Invoice Preparing and Printing" i.e. GePP is an online web application developed by NIC for the generation of

E-invoicing under GST will be mandatory for taxpayers having AATO> Rs 5 crores from 1st August 2023

https://buff.ly/44OBgAu

Declaration in Annexure V for FY 2023-24 can be filed by existing GTAs upto 31st May 2023

Extended vide CGST Notification No. 5/2023 dated 9th May 2023

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Declaration in Annexure V for FY 2023-24 can be filed by GTA upto 31st May 2023 - FinancePost Declaration to be filed by GTA

GST Amnesty Scheme for GSTR 10 notified in March 2023

Amnesty Scheme for GSTR 10 notified in March 2023 - FinancePost GSTR 10 is the Final Return to be filed by a taxpayer upon cancellation of registration. Section 45, GSTR-10, Final Return

The last date to linking you PAN with Aadhaar has been extended to June 30, 2023

GST sections amended by Finance Bill 2023

https://buff.ly/3zbiogw

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What is Bhu-Aadhar/ULPIN?

A unique 14-digit alpha-numeric number will be generated for each land parcel based on the latitude and longitude of the land parcel’s vertices using geo-referenced cadastral maps and thorough surveys for precise location information.

Bhu-Aadhaar = Aadhaar of Land

📌 It will serve as a single, authoritative source of truth for all information pertaining to any given piece of land.

📌 It will uniquely identify each land parcel, including its boundaries, ownership, litigation, and other attributes.

📌 Bhu-Aadhaar has been rolled out in 26 states.

📌Digitization process of land records & registration is 94% complete and 9 crore land parcels now have Bhu-Aadhaar.

📌 Department targets to achieve 100% digitization of land records by March 2024.

📌 Bhu-Aadhaar or Unique Land Parcel Identification Number (ULPIN) project, being implemented by the Department of Land Resources.

📌 It is likely to help in mitigating the huge pendency of court cases involving land disputes in India.

Source - https://buff.ly/3yVAiUr

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GST Sections and Rules that 'specifically' govern how to claim ITC of taxes paid under reverse charge mechanism.

Sec 16(2)(a)
Sec 31(3)(f)
Rule 36(1)(b)

A minimum of 6-digit HSN is to be reported on Invoice Reporting Portals by taxpayers having AATO more than Rs 5 crores in the previous FY.

Issue - Option to select One Person Company is not available while taking GST registration.

Solution - In Part B of GST Registration Form ‘REG-01.

📍Select "Others" from the drop-down list of the Constitution of Business.

📍 Mention "One Person Company" in the text field.

Every person who has Aadhaar and PAN will have to link Aadhaar and PAN irrespective of ANYTHING.

Exemption from linking Aadhar with PAN is only for the ones who are not REQUIRED or ELIGIBLE to obtain Aadhaar.