CBIC notifies rules for entities to get Temporary Identification Number under GST
1 month, 3 weeks ago

CBIC notifies rules for entities to get Temporary Identification Number under GST

The Hindu  

Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision can now obtain a Temporary Identification Number. The Central Board of Indirect Taxes and Customs has notified an amendment to GST rules to issue TIN to entities that are not required to register under the GST Act but need to make payments under some specific provision. "Where a person is not liable to registration under the Act but is required to make any payment under the provision of the Act, the proper officer may grant the said person a temporary identification number," CBIC said while introducing Rule 16A in Central GST Rules. The decision to issue TIN to entities that are otherwise not required a GST registration was taken by the GST council in its meeting last month.

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History of this topic

GST Registration And Payment Of Tax After Inspection Is Not Voluntary Conduct: Madras High Court
1 month, 3 weeks ago

GST Registration And Payment Of Tax After Inspection Is Not Voluntary Conduct: Madras High Court

Live Law  

The Madras High Court stated that GST registration and payment of tax after inspection is not a voluntary conduct. The Assistant Commissioner issued show cause notice arriving a sum of Rs.69,54,554/- as GST liability for the total value of Rs.3,86,36,410/- and rejected the cum-tax basis benefit claimed by the assessee. The Assistant Commissioner passed an order in original, demanding balance …

GST taxpayers without valid bank accounts to be barred from filing GSTR-1 from Septemer 1
6 months, 3 weeks ago

GST taxpayers without valid bank accounts to be barred from filing GSTR-1 from Septemer 1

The Hindu  

GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network has said in an advisory. As per GST Rule 10A, a taxpayer is required to furnish details of a valid bank account within a period of 30 days from the date of grant of …

DC Edit | GST breather for easier biz?
8 months, 3 weeks ago

DC Edit | GST breather for easier biz?

Deccan Chronicle  

The recent Goods and Services Tax Council meeting was focussed on improving the ease of doing business in the country by reducing the compliance burden of businesses. According to the new limits, the department cannot appeal an adverse tax decision at the GST Appellate Tribunal unless tax involved is more than Rs 20 lakhs, at the high court Rs 1 …

CBIC Notifies The Guidelines For Processing Of Applications For GST Registration
1 year, 9 months ago

CBIC Notifies The Guidelines For Processing Of Applications For GST Registration

Live Law  

The Central Board of Indirect Taxes And Customs notified the guidelines for processing applications for registration.The instances have come to notice regarding unscrupulous elements obtaining fake/ bogus registration under GST and defrauding the Government exchequer. The instances have come to notice regarding unscrupulous elements obtaining fake/ bogus registration under GST and defrauding the Government exchequer. In one of the cases …

CBIC Amends The Rules Related To Biometric-Based Aadhaar Authentication And Risk-Based Physical Verification For GST Registration
1 year, 11 months ago

CBIC Amends The Rules Related To Biometric-Based Aadhaar Authentication And Risk-Based Physical Verification For GST Registration

Live Law  

The Central Board Of Indirect Taxes and Customs has amended the rules related to Aadhar Authentication and Biometric Verification Rules.The Board has notified the Central Goods and Services Tax Rules, 2023 which shall be effective from 26th December 2022.The Board has substituted Rule 8 of the CGST Act, 2017.The date of submission of the application in cases shall be. The …

Physical Verification Of Business Premises For GST Registration Without Issuing Notice Is Violation Of Principle Of Natural Justice: Delhi High Court
2 years, 5 months ago

Physical Verification Of Business Premises For GST Registration Without Issuing Notice Is Violation Of Principle Of Natural Justice: Delhi High Court

Live Law  

The Delhi High Court has held that the physical verification of business premises for GST registration without issuing a notice is a violation of the principle of natural justice.The division bench of Justice Rajeev Shakdher and Justice Taravitasta Ganju has noted that the proper officer opted to have the petitioner's business premises inspected, albeit without the presence of its. The …

CBIC Issues Clarification On Applicability of GST Demand And Penalty For Transactions Involving Fake Invoices
2 years, 8 months ago

CBIC Issues Clarification On Applicability of GST Demand And Penalty For Transactions Involving Fake Invoices

Live Law  

The Central Board of Indirect Taxes and Customs has issued a clarification on the applicability of GST demand and penalty for transactions involving fake invoices. The issue raised was whether a registered person "A" has issued a tax invoice to another registered person "B" without any underlying supply of goods or services or both, and whether such a transaction will …

CBIC Exempts Registered Person From Filing Annual Return Whose Aggregate Turnover In FY 2021-22 Is Upto Rs. 2 Crores
2 years, 8 months ago

CBIC Exempts Registered Person From Filing Annual Return Whose Aggregate Turnover In FY 2021-22 Is Upto Rs. 2 Crores

Live Law  

The Central Board of Indirect Taxes and Customs, on the recommendation of the GST Council, has exempted the registered person from filing an annual return whose aggregate turnover in the financial year 2021-22 is up to Rs. The Board has inserted a provision that the persons shall furnish a statement containing the details of self-assessed tax in FORM GST CMP-08 …

Big Decision For Small Online Players: No Need For GST Registration If Sales Are Below Rs 20 Lakh
2 years, 8 months ago

Big Decision For Small Online Players: No Need For GST Registration If Sales Are Below Rs 20 Lakh

News 18  

In a move that will benefit persons in the unorganised sector, the GST Council on Wednesday decided to waive mandatory registration for small entities selling their products online. The Council has provided the “waiver of requirement of mandatory registration under section 24 of CGST Act for person supplying goods through ECOs, subject to certain conditions, such as – a) the …

Traders urge Finance minister, GST council to modify new GST notification
4 years, 2 months ago

Traders urge Finance minister, GST council to modify new GST notification

India TV News  

Trading community on Sunday urged Union Finance Minister Nirmala Sitharaman and Goods and Goods and Services Tax Council to withdraw certain provisions of the new GST notification issued a few days back. In a memorandum, Federation of All India Vyapar Mandal- a national body of small traders - advocating for a single-point GST collection, urged for certain changes in the …

New rules to sign up for GST
4 years, 3 months ago

New rules to sign up for GST

Live Mint  

An overhaul of the goods and services tax registration process and suspension of the registration of businesses identified as risky are among the proposals of a panel of officials attached to the GST Council. The recommendations include the use of Aadhaar or Aadhaar-like biometric identification for new registrations, steps to identify businesses that pose a risk of revenue loss to …

GST Registration After Physical Verification of Business Place if Aadhaar Not Authenticated: CBIC
4 years, 7 months ago

GST Registration After Physical Verification of Business Place if Aadhaar Not Authenticated: CBIC

News 18  

Businesses registering under GST can opt for Aadhaar authentication, in absence of which registration would be granted only after physical verification of the place of business. "Where a person… fails to undergo authentication of Aadhaar number or does not opt for authentication of Aadhaar number, the registration shall be granted only after physical verification of the place of business in …

Consensus builds up for ₹40 lakh sales threshold for GST registration in all states
6 years, 1 month ago

Consensus builds up for ₹40 lakh sales threshold for GST registration in all states

Live Mint  

All states, barring hill states, are moving towards a uniform sales threshold of ₹40 lakh for businesses to register for goods and services tax despite the federal indirect tax body, the GST Council, giving them the choice to retain the current limit of ₹20 lakh. Kerala, which was so far insisting on GST registration for traders and businesses with ₹20 …

‘Changes in GST will boost SMEs but may complicate tax system’
6 years, 2 months ago

‘Changes in GST will boost SMEs but may complicate tax system’

Live Mint  

The goods and services tax was intended to bring uniformity and harmony to India’s indirect tax laws. But all that is set to change yet again with a few states opting out of the recently announced registration criteria for businesses, wherein the annual sales threshold for GST registration was doubled to ₹40 lakh. While Delhi, Jammu and Kashmir, and Assam …

Implementation Of TDS, TCS Provisions Under GST Act Deferred
7 years, 8 months ago

Implementation Of TDS, TCS Provisions Under GST Act Deferred

Live Law  

The government has postponed the implementation of provisions relating to TDS and TCS of the CGST / SGST Act 2017.The Finance Ministry has informed that “with the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the …

Implementation Of TDS, TCS Provisions Under GST Act Deferred
7 years, 8 months ago

Implementation Of TDS, TCS Provisions Under GST Act Deferred

Live Law  

The government has postponed the implementation of provisions relating to TDS and TCS of the CGST / SGST Act 2017.The Finance Ministry has informed that “with the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the …

GST rollout: 'Don't rush for GSTIN, provisional ID will suffice initially', says Hasmukh Adhia
7 years, 9 months ago

GST rollout: 'Don't rush for GSTIN, provisional ID will suffice initially', says Hasmukh Adhia

Firstpost  

Of the 80.91 lakh excise, service tax and VAT assessees, 65.6 lakh, or 81 percent, have already migrated to the GSTN portal New Delhi: Traders and dealers who have not completed their registration process can continue to do their business under the GST regime from 1 July using the provisional ID, a top government official said. The 15-digit provisional ID …

Individual Advocates Including Seniors Exempted From GST Registration
7 years, 9 months ago

Individual Advocates Including Seniors Exempted From GST Registration

Live Law  

In a decision taken in the 16th meeting of GST Council held on 11th of June,2017, the Council has decided to exempt individual advocates including Senior Advocates from GST registration.As LiveLaw reported earlier, services provided or agreed to be provided to a person including a business entity with a turnover up to twenty lakhs in preceding financial year by an …

Individual Advocates Including Seniors Exempted From GST Registration
7 years, 9 months ago

Individual Advocates Including Seniors Exempted From GST Registration

Live Law  

In a decision taken in the 16th meeting of GST Council held on 11th of June,2017, the Council has decided to exempt individual advocates including Senior Advocates from GST registration.As LiveLaw reported earlier, services provided or agreed to be provided to a person including a business entity with a turnover up to twenty lakhs in preceding financial year by an …

GST rules to force crores of traders to re-register
8 years, 5 months ago

GST rules to force crores of traders to re-register

Deccan Chronicle  

Hyderabad: The draft rules relating to registration, invoice and payments under the new GST regime makes it mandatory for existing traders and manufacturers — who are registered under the existing laws — to reapply fresh registration, potentially opening up a huge opportunity for corrupt officials to make money. If the information is found, by the proper officer, to be correct …

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