GSTN Issues Advisory On Payment Through Credit Card/Debit Card And UPI

The Goods and Service Tax Network (GSTN) has issued an advisory on payment through a credit card (CC) or debit card (DC) and the Unified Payments Interface (UPI).To facilitate payment through a credit card (CC) or debit card (DC) and the Unified Payments Interface (UPI), two new facilities of payment have now been provided under e-payment in addition to net banking.Payment through CC/DC/UPI can be made through Kotak Mahindra Bank, irrespective of the CC/DC issued by any Indian bank. Other banks...

CBIC Notifies Creation Of Principal Bench Of GSTAT At New Delhi

The Central Board of Indirect Taxes and Customs (CBIC) has notified the creation of the principal bench of the Goods and Service Tax Appellate Tribunal (GSTAT) at New Delhi.“The Government has invoked the powers under section 109(3) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”). This supersedes a previous Notification No. S.O.1359(E) dated March 13, 2019, with the exception of prior actions. Acting on the recommendation of the GST Council, the Central Government establishes...

CBIC Notifies Mandatory Requirement Of BIS Registration And Random Sampling for Imported Electronic and IT Goods

The Central Board of Indirect Taxes and Customs (CBIC) has notified the mandatory requirement of Bureau of Indian Standards (BIS) Registration and random sampling for imported electronic and IT goods.The CBIC on review of the different practices in the implementation and streamlining the process including sampling issued the directions.The Customs Officer shall check for BIS registration in the system in all cases.The Risk Management System shall randomly select the consignments for sampling and...

CBIC Decides To Levy Anti-Dumping Duty On Synthetic Grade Zeolite 4A Imported From Thailand And Iran

The Central Board of Indirect Taxes and Customs (CBIC) has decided to levy anti-dumping duty on synthetic-grade zeolite 4A imported from Thailand and Iran.The Synthetic Grade Zeolite 4A falls under tariff items 2842 90 90, 2826 90 00, 2839 90 90 and 2842 10 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) which originates in, or exported from the Iran and Thailand and imported into India.The designated authority in its final findings concluded that the product had been...

CBIC Notifies Biometric-Based Aadhaar Authentication Through GST Seva Kendras Approved For Andhra Pradesh

The Central Board of Indirect Taxes and Customs (CBIC) has notified the biometric-based Aadhaar authentication through Goods and Services Tax (GST) Seva Kendras has been approved for Andhra Pradesh.At the 50th GST Council Meeting, which took place in New Delhi on July 11, 2023, it was suggested that a risk-based biometric Aadhar authentication pilot program be carried out in Gujarat and Puducherry. After the system's readiness is evaluated in the states of Gujarat and Puducherry, the state of...

CBIC Notifies Monetary Limits For Filing Appeals By Department Before CESTAT, High Courts And Supreme Court

The Central Board of Indirect Taxes and Customs (CBIC) has notified the monetary limits for filing appeals by the department before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), High Courts and Supreme Court.The Board has notified the monetary limit of Rs. 2 Crores for the appellate forum namely the Supreme Court.The monetary limit of Rs. 1 Crore is notified for High Courts.The monetary limit of Rs. 50 Lakhs is notified for CESTAT.The Adverse judgments relating to various...

CBIC Lays Down Conditions For Filing GST Appeal After Limitation Period Is Over

The Central Board of Indirect Taxes and Customs (CBIC) has laid down the conditions for filing an appeal against the order in FORM GST APL-01.An appeal to the Appellate Authority under sub-section (1) of section 107 shall be filed in FORM GST APL-01, along with the relevant documents, either electronically or otherwise as may be notified by the Commissioner, and a provisional acknowledgement shall be issued to the appellant immediately.Special procedures under the Goods and Services Tax (GST)...

5% GST Applicable On Job Work For Processing Of “Barley” Into “Malted Barley”: CBIC

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that 5% GST is applicable on job work for processing of “barley” into “malted barley”.The Board has issued the clarification in respect of the recommendations of the GST Council in its 52nd meeting held on October 7, 2023, in New Delhi with reference to the GST levy.The issue raised was whether job work for processing “Barley” into “Malted Barley” attracts 5% GST as applicable to "job work in relation to food and food products”...

GSTN Issues Advisory On Compliance Pertaining To Difference In ITC Available In GSTR-2B & ITC Claimed In GSTR-R3B

The Goods and Service Tax Network (GSTN) has issued the advisory in respect of introduction of compliance pertaining to DRC-01C (Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B).The Government inserted the Rule 88D in CGST Rule, 2017 dealing with difference in input tax credit available in GSTR-2B and ITC availed in GSTR-3B. The functionality has now started operating on the GST portal.The system now compares the ITC available as per GSTR-2B/2BQ with...

CBIC Notifies Procedure When Provisional Attachment Of Property Ceases To Have Effect

The Central Board of Indirect Taxes and Customs (CBIC) has notified the procedure to be followed with respect to section 83(2) of the CGST Act, 2017 when provisional attachment of property ceases to have effect.“Keeping in view the convenience of taxpayers, the Board prescribes the procedure that in such types of situations, the Commissioner shall issue communication/an intimation to the concerned authority/bank, drawing attention to the particulars of the Order/Form DRC-22 (which made the...

GSTN Introduces Electronic Credit Reversal And Reclaimed Statement

The Goods and Service Tax Network (GSTN) has introduced the Electronic Credit Reversal and Reclaimed Statement.The government introduced certain changes in Table 4 of Form GSTR-3B so as to enable the taxpayers to report correct information regarding ITC availed, ITC reversal, ITC reclaimed, and ineligible ITC. The re-claimable ITC earlier reversed in Table 4(B)2 may be subsequently claimed in Table 4(A)5 on fulfilment of the necessary conditions. The reclaimed ITC in Table 4(A)5 also needs to be...

GSTN Notifies Advisory On GST Registration Application Marked For Biometric-Based Aadhaar Authentication

The Goods and Service Tax Network (GSTN) has notified the advisory for applicants where a GST registration application is marked for Biometric-based Aadhaar Authentication.Rule 8 of CGST Rules has been amended to provide that those applicants who had opted for authentication of their Aadhaar number and identified on the common portal, based on data analysis and risk parameters, shall be placed for biometric-based Aadhaar authentication and taking photographs of the applicant.Pilot implementation...