Desk of CA. Praveen Sharma
1- Changes in auto-populated ITC details in GSTR-3B
????? The ITC in table 4 of GSTR-3B shall now be auto-populated as net of credit notes. Earlier, during auto-population, credit notes were considered reversals.
????? The change in the logic will make the amounts auto-populated in table 6A of GSTR-9 - 'Total amount of ITC availed through GSTR-3B' comparable with GSTR-3B returns.
2- Regular taxpayers can opt for Composition Scheme for Financial Year 2023-24 by navigating ‘Services-> Registration-> Application to Opt for composition Levy’ and filing Form CMP-02. This facility is available on GST Portal till 31st March 2023.
3- Returns with no deadline of 3 yrs:
GSTR-9B for TCS [filed u/s 52(5)]
GSTR-10 Final Return [filed u/s 45]
ITC-04 [filed u/r 45]
GSTR-11 - Return of UIN [filed u/r 82]
4- The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will meet on 18 February. The 49th GST meeting is likely to take up a discussion on the taxation of 'pan masala' and 'gutka' firms. Besides, GST on online gaming, casinos, and horse racing may also come up for deliberations.
The loudspeaker is ON????
DRAFT REPLY IN OUR BUDGET BOOK Some of ours:
Draft Reply For GST Notices For Mismatch In Form 3B and 2A
The difference in tax payable as reflected in GSTR-1 & GSTR-3B
Read More: https://www.edatabook.com/c-detail/3267
CA. Praveen Sharma