GSTN rolls out new invoice system to enhance ITC claims; here's how it'll work
Starting October 1, 2024, this feature will help taxpayers streamline, manage, and correct invoices, thereby improving the accuracy of Input Tax Credit (ITC) claims.
gstn
September 2024
March 2024
May 2023
August 2022
June 2022
May 2022
January 2021
June 2018
The Conversation: Nitin Gupta, Chairman, CBDT
In order to become a developed economy by 2047, India needs to optimise tax generation to spend on all-round development, including infrastructure.
GST e-invoicing threshold lowered to ₹5 crore
Businesses with a turnover of ₹5 crore or more will be required to switch to e-invoicing from August 1, 2023
CAG concern over reliability of data maintained by GST Network
An analysis by the apex auditor of pan-India data provided by GSTN revealed significant data inconsistencies between the taxable value and declared tax liability.
GST Meet: Tax on online gaming, casinos, horse racing deferred
Despite many states favouring the continuation of compensation cess, no final decision was taken. The issue is to be taken up during Aug meeting
Fix tech glitches with GSTN at earliest: Govt tells Infosys
CBIC says Infosys has been directed to provide early resolution, and that a technical team is working to provide “GSTR-2B and correct auto-populated GSTR-3B at the earliest”.
Why jewellers still prefer cash deals
Many believe cash deals up to ₹2 lakh without KYC leaves a loophole for jewellers and bullion dealers to exploit.
One year of GST: The good, bad and the ugly
With the first anniversary of the GST approaching, it is worthwhile to see what worked in favour of the government and India Inc., and what is needed to make it ‘a real success’ for the economy.
