Advisory on introduction of new Tables 14 & 15 in GSTR-1 Jan 16, 2024
As per Notification No. 26/2022
– Central Tax dated 26th December 2022 two new tables Table 14 and Table 15
were added in GSTR-1 to capture the details of the supplies made through
e-commerce operators (ECO) on which e-commerce operators are liable to collect
tax under section 52 of the Act or liable to pay tax u/s 9(5). These tables
have now been made live on the GST common portal. These two new tables will be
available in GSTR-1/IFF from January-2024 tax periods onwards. Please click
here for the complete advisory.
Employees' payment for canteen services will not attract GST: AAR Jan 19, 2024
Deducting money from employees'
salaries to pay a canteen services provider (CSP) would not attract the Goods
and Services Tax (GST), the Gujarat Authority for Advance Rulings (AAR) has
ruled.
In a case related to luxury kitchen and bath fixtures brand Kohler India
Corporation, the AAR ruled that input tax credit (ITC) would be given to the
company for GST paid on payment to a CSP for non-contractual employees.
Lessor has to pay GST on rent if property is used for commercial purposes Jan 19, 2024
The Rajasthan bench of the
Authority for Advance Rulings has held that GST (Goods and Services Tax) is
applicable on the rent if a residential property is used for commercial purpose
by a lessee (who is registered for GST purposes).
In the case of Deepak Jain (the applicant) who had leased out his property to a
private limited company, which was engaged in back-office operations, the AAR
observed that, up to July 17, 2022, renting of residential dwellings for use as
a residence was exempt from GST, while renting for commercial use was taxable
at 18%.
Advisory on Payment through Credit Card (CC)/Debit Card (DC) and Unified Payments Interface (UPI) Jan 20, 2024
To
facilitate the taxpayer registered under GST with more methods of payment, two
new facilities of payment have now been provided under e-payment in addition to
net-banking. The two new methods are Cards and Unified Payments Interface
(UPI). Cards facility includes Credit Card (CC) and Debit Card (DC) namely
Mastercard, Visa, RuPay, Diners(CC only) issued by any Indian bank. Please
click here for the complete advisory.
Advisory for furnishing bank account details by registered taxpayers Jan 27, 2024
All Registered Taxpayers are
required under the provisions of CGST Act, 2017 and the corresponding Rules
framed thereunder to furnish details of their bank account/s within 30 days of
the grant of registration or before the due date of filing GSTR-1/IFF,
whichever is earlier.
Taxpayers are therefore advised to promptly furnish their bank account details,
who have not provided it so far if 30 Days period is shortly going to expire to
avoid disruption in business activities and the subsequent suspension of GSTIN.
A new functionality is being developed with the following features and will be
deployed in near future:-
1.Failure to furnish the bank account in the stipulated time: It would result
into following:
a) Taxpayer Registration would get suspended after 30 days and intimation in
FORM REG-31 will be issued to the Taxpayer.
b) Get the Taxpayer debarred from filing any further GSTR-1/IFF.
2.Revocation of Suspension: If the taxpayer updates their bank account details
in response to the intimation in FORM REG-31, the suspension will be
automatically revoked.
Lessor has to pay GST on rent if property is used for commercial purposes
Jan 19, 2024
The Rajasthan bench of the Authority for Advance Rulings has held that GST (Goods and Services Tax) is applicable on the rent if a residential property is used for commercial purpose by a lessee (who is registered for GST purposes).
In the case of Deepak Jain (the applicant) who had leased out his property to a private limited company, which was engaged in back-office operations, the AAR observed that, up to July 17, 2022, renting of residential dwellings for use as a residence was exempt from GST, while renting for commercial use was taxable at 18%.
Advisory for Timely Filing of GST Returns
04/05/2023
1. It has been observed that some taxpayers faced difficulty in filing GSTR-3B of March 23’ period on 20th April 2023’. On analysing the reasons, it was noted that large number of tax payers attempted to file GSTR-3B returns in the afternoon of the last day (20.05 lakhs GSTR-3B returns were filed on that day). This resulted in a waiting queue on GST system causing inconvenience to some of the taxpayers.
2. Around 45% of the returns filed on 20th April, 23’ were either NIL returns (no tax liability and no ITC availment) or were such returns where no tax was paid in cash. These returns could easily have been filed earlier. Further, it is suggested that taxpayers may use SMS filing option to file NIL returns as it would be quicker and a more convenient way to file NIL returns and will also help to reduce queue on the GST system. Taxpayers are therefore advised to file their Form GSTR- 3B well in advance to avoid last day rush.
3.It has also been observed that some taxpayers are uploading large number of invoices (viz upto 27 lakhs) of the past period in one GSTR-1 on the due date of filing. Taxpayers are advised to inculcate a month-wise return filing discipline for all the B2B invoices for the month and avoid reporting invoices of the past period in one go, as such behaviour can adversely impact the queue (waiting time) on the GST system.
4.It can thus be seen that with better planning of return filing, the difficulty faced by the taxpayers due to last minute rush can be avoided and it would be of help to fellow taxpayers as well. It may also be noted that GSTN has considerably upgraded its infrastructure over a period of time.
Advisory: Deferment of Implementation of Time Limit on Reporting Old e-Invoices
06/05/2023
Dear Taxpayers,
1. It is to inform you that it has been decided by the competent authority to defer the imposition of time limit of 7 days on reporting old e-invoices on the e-invoice IRP portals for taxpayers with aggregate turnover greater than or equal to 100 crores by three months. In this regard, the link to the previously issued advisory dated 13th April 2023 may be referred at:
2. The next date of implementation will be shared with you in due course of time.
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