Year in GST: Top 10 GST Updates and Law Changes in 2021

The year started with the e-invoicing mandate going live for Rs. 100 CR+ turnover companies in January 2021 and QRMP introduction and has ended with GSTR 9 self-certification. There have been multiple updates in between. We have collated for you the biggest GST updates and GST law changes that impacted the taxpayers in the year 2021…

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Invoice Reference Number (IRN) in E-invoicing under GST

Invoice Reference Number or IRN as it is usually called is a registration number provided by the government under the e-invoicing mandate to prove the authenticity of any B2B invoice generated by the businesses. It is one of the main components of an e-invoice. You can read all about IRN in the article and understand its intricacies in detail.

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Latest Changes In E-invoicing – September 2021

1st October 2021 marks the one-year completion of e-invoicing in India. Presently, the system adoption rate stands at 80% and is likely to increase even further. However, just like constant GST law changes, e-invoicing is also evolving and is undergoing changes. All the taxpayers that fall under the threshold, need to take note of the changes/updates mentioned in this article.

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Implementation of Rule-59(6) and HSN with GSTR-1 Filing Explained

The CBIC has recently issued Advisories 500 and 501 on 26th August 2021 dealing with furnishing of form GSTR-1/IFF and addressing the issues related to HSN while filing of GSTR-1 respectively.

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Important Checklist To Consider Before Filing September 2021 GST Returns

GST Return for September of a year is the last return period during which taxpayers can rectify any missing inputs or errors in the returns already filed during the previous financial year. Read the article to learn more...

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Form GST PMT-04: To file ledger related grievances

PMT-04 is a GST form with which one can file ledger related grievances or complaints. If there’s any discrepancy in electronic liability ledger, electronic cash ledger or electronic credit ledger taxpayers can file FORM GST PMT-04.

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GST Amnesty Scheme – Relaxations

The government released several relief measures in the 43rd GST Council Meeting and one of the major ones was the GST Amnesty Scheme. Read all about the relaxations here.

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Impact of e-invoicing on Nil rated and exempted goods reporting in GSTR 1

Impact of e-invoicing on Nil rated and exempted goods reporting in GSTR 1. Only regular tax invoices, debit - credit notes should be sent for IRN generation. Bill of Supply need not be sent. Read here

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Inverted Tax Structure in the GST regime

Inverted Tax Structure in the GST regime | Inverted Tax Structure is a condition where the rate of tax on inputs purchased is more than the rate of tax on outward supplies (finished goods).

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GST Rule Changes Applicable from April 2021

GST is a dynamic law. It has gone through several changes, alterations, and additions ever since its inception. GST rule changes that are applicable from April 2021 that you must note, read here…

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Form GST REG-03: Notice for seeking additional information/clarification/ document relating to the Application for Registration/Amendment/ Cancellation

Form GST REG-03 is a notice for seeking additional information in the form of clarification, documents relating to the application for registration, amendment or cancellation.

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Important checklist to consider before filing September 2020 GST Returns

GST Return for September of a year is the last return period during which taxpayers can rectify any missing inputs or errors in the returns already filed during the previous.

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