
HSN Summary Update & Documentary Details Now Live on GST Portal

It is informed that GSTN has developed a functionality to enable the taxpayer to explain the difference in GSTR-1 & 3B return online as directed by the GST Council. This feature is now live on the GST portal.

The High Court has held that input tax credit for mentioning the wrong GSTIN of the recipient in the GSTR-1 return will be available subject to verification as per the procedure prescribed in CBIC Circular
Date: 11/03/2018 Return filing deferred: The present system of filing GSTR 3B and GSTR 1 is extended for three months till June 2018 till he new return system is finalized. A new model was discussed extensively and group of ministers on IT has been tasked to finalise the same. Tax exemptions for exporters extended: Available tax exemptions…