🇮🇳 GST INDIA CARE 🎓✍

Congratulations Shri Narendra Modi ji on being sworn in as Hon'ble Prime Minister of India for his third term today.

Your visionary leadership continues to inspire and guide our nation.

Best wishes for a successful term ahead.

#OathCeremony #modi3.0 #bjp #2024elections #sargcompany #sarg #gstindiacare

🔰 *Changes in GSTR-1*
🔰 Two new tables in GSTR-1 from January 2024.

*Table 14* – Supplies Made Through E-Commerce Operators (In this table, you can add details of taxable outward supplies made through e-commerce operator.)

*Table 15* – Supplies under Section 9(5) of the CGST Act (In this table, you can add details of taxable outward supplies on which the e-commerce operator is liable to pay tax under Section 9(5) of the CGST Act.)

#sarg #gstindiacare #gst #amendment #return

*Happy New Year 2024*

तेरे ख्याल पर ही खत्म हो रहा है ये साल...
तेरी ही ख्वाहिश पर शुरु होगा नया साल...

👆
Dedicated to GST Notices issued under Section 73.

Regards
*CA. Sushant Gupta*
Founder
*S A R G AND COMPANY*
Chartered Accountants

*#gstnotices #notices #department #gstindiacare #litigations #gst #sargcompany #sargglobal #sarggroup #sarg*

www.sargcompany.com

Recently, it has been noticed that businesses have been receiving Show Cause Notices from GST department for shortfall in payment of GST for the Financial Year 2017-18. The major issues on which the notices have been issued are as under.

a. Mismatch in GST output liabilty between GSTR 1 and GSTR 9.
b. Mismatch in GST input tax credit between GSTR 3B and GSTR 2A.
c. Ineligible ITC of airlines, hotels, construction contracts
d. Reversal of ITC on exempt supplies

These seem to be automated notices issued by the authorities without any application of mind. The GST authorities are issuing these notices without asking for or reviewing any documents. It has not even been examined whether these adjustments have already been made by the taxpayer or not. Even system errors themselves are being ignored while issuing these notices.

These notices are also being issued in a hurry since Sept 30, 2023 is the last date to issue such notices for financial year 2017-18. Currently, only those businesses who fall under the jurisdiction of State GST department of Delhi have received these notices. We can expect that other states or the Central GST department may also follow suit.

The authorities have given a time of 30 days to respond to these notices. If a proper response is not given clarifying the mismatch or the differences, the GST authorities will crystallise the demand by December 31, 2023. Hence, it is important that these notices are attended to in a timely manner.

#gstnotices #notices #department #gstindiacare #litigations #gst

www.gstindiacare.com

Cancellation of Registration: Set aside the impugned order and remand the matter to the Proper Officer to consider it afresh

1- DELHI HIGH COURT in the case of MS Quality Traders.

2- Section 29 of the CGST Act, 2017 --- Cancellation of GST Registration —- The petitioner challenged an order dated 04.07.2023, whereby the petitioner’s GST registration was cancelled.

3- The Respondent had earlier issued SCN dated 02.03.2023 proposing to cancel the petitioner’s GST registration on the ground that it was not found functioning at the principal place of business and after receiving reply the same was dropped.

4- However, on 16.05.2023, Respondent No. 1 issued another SCN on the allegation that the petitioner was involved in paper transactions without any movement of goods.

5- The petitioner submitted that she attended the office on date of PH but no one was present in the office on that date. The petitioner’s registration was cancelled on the ground that the petitioner had failed to produce the necessary documents or appear at the personal hearing.

6- The court observed that the petitioner has not been afforded an opportunity to be heard and, therefore, the impugned order has been passed in violation of the principles of natural justice.

Held that:- The Hon’ble High Court set aside the and remanded the matter to the Proper Officer to consider it afresh, after affording the petitioner an opportunity to be heard.

#gstindiacare #gst #cancellation #registration #highcourt

🇮🇳 GST INDIA CARE 🎓✍ pinned «Hello Connections and Friends I will be visiting Malaysia (Kuala Lumpur) next week on 29th Sep for some days till 4th Oct for some business meeting. Please see to plan if any possibility to connect there for some professional work or for networking purposes.…»

Hello Connections and Friends

I will be visiting Malaysia (Kuala Lumpur) next week on 29th Sep for some days till 4th Oct for some business meeting.

Please see to plan if any possibility to connect there for some professional work or for networking purposes. Will be glad to have a meeting there.

Let me know if any meeting is possible in advance on Mobile Number 9971759202 by WhatsApp, Text or Call or by email at [email protected].

Regards

CA. Sushant Gupta
Founder
M/s S A R G & COMPANY
Chartered Accountants
Delhi, India

#ca #meetings #sarg #sargcompany #icai #india #bharat #malaysia #networking #meetup #professional #sargcompany #sarg #gstindiacare

Important Clarification

#itc #gst #gstindiacare

Notification relating to set up of *State Benches of GST Appellate Tribunal* #GSTAT

Proud to be The Chartered Accountant

#proudca #beingca #ca #respect

*Electronic Credit Reversal and Reclaimed Statement*

*1.* The government has made changes to *Form GSTR-3B* to help taxpayers report accurate information about Input Tax Credit (ITC) availed, reversed, reclaimed, and ineligible ITC.

*2.* One key change is the introduction of a *new* ledger called the *_"Electronic Credit and Re-claimed Statement"_* on the GST portal. This ledger will assist taxpayers in *tracking ITC that was reversed* in Table 4B(2) *and subsequently reclaimed* in Table 4D(1) and 4A(5) for each return period, starting from the August return period.

*3.* The statement aims to ensure that when taxpayers reclaim ITC in GSTR-3B, the amount *aligns correctly with the corresponding reversed ITC,* improving the consistency and correctness of ITC reversal and re-claims.

*4.* Taxpayers are also given the option to report their cumulative ITC reversal (ITC that was reversed earlier and not yet reclaimed) as an *opening balance* for the "Electronic Credit Reversal and Re-claimed Statement." The reporting and amendment facilities for this are available until *November 30, 2023.*

*5.* After November 30, 2023, only *amendments will be allowed,* and fresh reporting will not be possible. This amendment facility will be discontinued after *December 31, 2023.*

*6.*  To ensure accurate reporting, *a validation mechanism* is incorporated into the GSTR-3B form. It will issue a *warning message* if a taxpayer tries to reclaim _more ITC_ in Table 4D(1) than the available ITC reversal balance in the statement, along with the ITC reversal made in the current return period in Table 4B(2). This warning message will start appearing in the GSTR-3B filing for the August 2023 return period for monthly taxpayers and for quarterly taxpayers from the filing period covering July to September 2023.

_Join #whatsapp group for more updates:_

https://chat.whatsapp.com/CmTCoh04hR0LZ8im0VSBRx

Regards