GST payers Archives | XaTTaX GST Blog

GSTN enables functionality to help GST payers on ITC eligibility

August 19, 2020 admin Comments 1 comment

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 bring the entire computation to taxpayers by way of showing each invoice filed by the suppliers and showing eligibility against each, this functionality has been developed.

“GSTN has rolled out an important functionality today which will help GST taxpayers know their exact eligibility of ITC flowing in their Annual Return and thereby filing the annual return, i.e. GSTR-9 more conveniently,” GSTN said in the statement.

For this functionality, a new tab ‘Download Table-8A details’ has been introduced on the GSTR-9 dashboard of the GST portal from Financial Year 2018-19 onwards, it added.

Source: Live-Mint.

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CBIC issues Standard Operating Procedure for Field Formations for Examining and Forwarding Representations of Taxpayers to GSTN

February 13, 2020 admin Comments 0 Comment

The Central Board of Indirect Tax & Custom (CBIC) through the circular stated that in order to avoid the technical glitches on common portal the Central Board of Indirect Tax & Custom (CBITC) the uniformity in the standard Operating procedure will be followed by the field formations for examining and forwarding the details of taxpayers to Goods and Service Tax Networks (GSTN).

The circular was issued by Sanjay Mangal, Commissioner of Goods and Service Tax (GST) addressing the Principal Chief Commissioners or the Chief Commissioner of Central Tax. The subject-matter of the circular pertained to various rules of uniformity which were introduced in the Central Goods and Service Tax (CGST) Rules, 2017 and also the Income Tax Grievance Redressal Mechanism also came into existence by the recommendation of GST Council in order to address the grievances of the GST payers pertaining to the glitches.

Goods and Service Tax Networks (GSTN) issued a Standard Operating Procedure (SOP) in order to remove glitches on the common portal and ensure uniformity in the procedure which is to be followed by the field formation in order to examine and forward the details of the taxpayers to Goods and Service Tax Networks (GSTN).

The subject-matter of the circular also pertains to the following grievances:
1.While referring to the technical glitches under Goods and Service Tax Networks (GSTN) the nodal officers failed to follow the procedure prescribed by Standard Operating Procedure (SOP).
2.The representations sent by the taxpayers are also forwarded to Goods and Service Tax Networks (GSTN) without proper scrutiny.
3.The representations are also at the same time sent without the approval of the Principal Commissioner.

Therefore these casualties have resulted in the difficulty for GSTN for the purpose of timely processing it. All these problems were discussed in the ITGRC meetings. And the Nodal officers are requested to follow the due procedure of scrutiny before sending the representations to the GSTN and the procedure which is ought to be followed is:
1.The taxpayer should be properly examined;
2.After receiving the details the nodal officer will get it examined by the IT Commissioner.
3.On the Basis of the decision of the Income Tax Grievance Redressal Mechanism, the GSTN must be implemented.
4.The Nodal GSTN Officer is supposed to intimate about all these decisions and implementations to the IT Grievance Redressal Committee.

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Source: taxscan

Karnataka to physically verify GST payers

April 5, 2019 admin Comments 0 Comment

Karnataka commercial taxes department has directed physical verification of registered taxpayers under goods and services tax (GST) to ascertain their credentials, potentially starting ‘inspector raj’ in the new tax regime.

This directive could set precedence and other states may follow Karnataka’s footsteps.

This is being done to check tax evasion in sensitive commodities. Some of the sectors in focus include arecanut, cashew, rubber, auto parts, electrical goods, electronic goods, edible oil, readymade garments, timber, cement, and construction material.

Those entities that have generated electronic way (e-way) bills despite being a non-filer of returns could face such checks. Entities that have generated a large number of e-way bills compared to average e-way bills generated during previous periods and those with a gap between inward and outward supply e-way bill should expect such a visit by a tax officer.

“There is a need to verify the credentials of the newly registered person by visiting the business premises to verify the documents uploaded and to record the geo-coordinates of the business concern along with other details,” the directive said. A special IT module has been developed for this.