Search Results for: GSTN portal

GST portal scaled up to handle 3L taxpayers concurrently

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Goods and Services Tax Network (GSTN) portal now handles almost double the taxpayer traffic for return filing immediately after lockdown, an official statement said on Sunday. “It has been made possible as the GST infra has been upgraded to handle up to 3 lakh concurrent logged-in users at a time,” it said. GSTN augmented the capacity of the gateway from 1.5 lakh to 3 lakh concurrent logged in taxpayers in June 2020 as a proactive measure to handle the expected…

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GSTN enables Reconciliation Tool for matching GSTR-2B with Purchase Register

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The Goods and Services Tax Network ( GSTN ) has enabled the Reconciliation Tool for matching GSTR-2B (Auto-Drafted ITC Statement) with Purchase Register. The GSTN has issued detailed advisory on using Matching Offline Tool Matching Offline Tool v1.0 The Matching Offline Tool can be used to: • View GSTR-2B (Auto-drafted Input tax credit (ITC) statement) • Match GSTR-2B with Purchase register To install the tool, please download, extract the zip file and run the Download Your downloaded (Matching_Offline_Tool) zip file…

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GSTN enables functionality to help GST payers on ITC eligibility

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GST Network has enabled a functionality to help GST payers know their input tax credit (ITC) eligibility in their Annual Return, making it more convenient to file GSTR-9. So far, the GST system used to compute eligible ITC based on suppliers’ sales return GSTR-1, but the break-up at the invoice level was not provided. Taxpayers used to raise a query on the computation of ITC. In a statement, Goods and Services Tax Network (GSTN), which handles the technology backbone of GST, said that to…

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GST Portal restores GST Returns data for the year 2017

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The Goods and Services Tax ( GST ) Portal has restored the GST Returns data for the year 2017. In a statement published in GST Portal said that, Facility to view, file and download returns of the period July 2017 has been restored on the portal. The functionality to enable taxpayers for filing revocation application again, in view of ROD order No.01/2020 has been implemented w.e.f. 6thAug, 2020 A couple days back taxpayers were unable to view, file or download returns on the GST Portal for…

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GSTN issues Statistical Report on 3 years of GST implementation

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The Goods and Service Tax Network (GSTN) releases a Statistical Report on completion of 3 years of GST Implementation. The report highlights the key statistics regarding registration trend from April 2018 to June 2020; active taxpayers as on June 30, 2020; month-wise returns filed since July 2017; GSTR-1 return filing trend from July 2017 to May 2020; GSTR-3B filing compliance as on June 30, 2020; and Invoice Count as per Turnover Slab. The report in relation to payment highlights from April 2018 to March…

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GSTN releases FAQs on filing Form GSTR-3B as NIL

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The Goods and Service Tax Network (GSTN) releases FAQs on filing Form GSTR-3B as NIL. Firstly, “Form GSTR-3B can be filed as a nil return if there are no outward supplies as well as a liability (including reverse charge liability) in the month, for which the return is being filed. This form can be filed nil, in both online mode and in offline mode (by SMS),” the GSTN clarified. Secondly, the GSTN further stated that Nil Form GSTR-3B for a tax period can be filed,…

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I-T dept, GSTN, CBIC caution people against phishing emails promising refunds

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The two apex tax bodies – income tax department and CBIC – on Sunday asked taxpayers to beware of phishing emails promising refund. Separately GST Network, the company handling the technology backbone for Goods and Services Tax, cautioned against a fraud website onlinefilingindia.in asking taxpayers not to reveal personal and bank details. “BEWARE of FRAUD website onlinefilingindia.in. It is trying to BAIT taxpayers to reveal personal and bank details. DO NOT respond to messages, mails and lookalike websites which ask for your personal details,” GSTN tweeted….

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Extremely mobilised on GSTN project, working closely with GST Council: Infosys

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Infosys is “extremely mobilised” on the GST Network enhancement project and work is progressing at “full speed” even as a large segment of its employees are working remotely amid the nationwide lockdown, its CEO Salil Parekh said. Taxpayers were facing issues due to glitches on the GSTN portal. The portal of GST Network (GSTN), which provides the technology backbone for the goods and services tax (GST), is managed by Infosys. “I think we’re extremely mobilised, working very closely with the GST Council. In fact,…

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GST portal glitches to dominate agenda of Council meeting on Saturday

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Glitches on the goods and services tax (GST) portal will dominate the agenda of the Council meeting on Saturday, even as states will vehemently seek resolution of delayed compensation issue. Infosys Chairman Nandan Nilekani has been asked to make a presentation before the Council. “Hassles on the GST portal even 30 months after roll-out is unacceptable and that has been communicated to both GST Network and Infosys,” said a government official. States are likely to demand that Infosys should have…

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E-invoicing Structure, as Envisioned by GSTN

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e-invoicing Structure The government has recently released a blueprint for implementing the E-invoicing system all over India, which proposes a working model as well as a standard format for the generation of E-invoices. We shall look into the fundamentals of E-invoicing, to understand its mechanics in a better way. The Two Important Components of the E-invoicing Model The E-invoicing working pattern has been agreed upon globally with some minor variations in the mode of implementation. In India, it comprises of…

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