CBIC Introduces New GSTIN Regulation Requiring Biometric Authentication Using Aadhaar Card

The Central Board of Indirect Taxes and Customs (CBIC) recently made it public through social media about the implementation of a new GST registration rule. This rule necessitates biometric authentication through Aadhaar and in-person verification for certain taxpayers identified based on data analytics and risk parameters. The objective behind this change is to enhance security and prevent fraud. Applicability of the Rule: Uniform Application Across States and UTs The rule is applicable uniformly throughout the nation including all the states and union territories. According to CBIC’s post on social media…

CBIC Notifies Integration Services Between the GST e-Invoicing 1 and 2 Web Portals

The release of integrated services for the Goods and Services Tax ( GST ) e-invoice-1 and e-invoice-2 portals by the National Informatics Centre ( NIC ), has been announced by the Goods and Services Tax Network ( GSTN ). Starting July 18, 2024, these services will be available on the sandbox and production portals from August 1, 2024. The integration strives to confirm the facilitated interoperation between the current e-invoicing portals. New integrated services features comprise of- Unified Access: Both portals, NIC-IRP 1 and 2, offer web and API modes…

CBIC Adds New Procedures for Voluntary GST Payments to Rule 142 of the CGST Rules

On July 10, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 12/2024 – Central Tax, to further revise Rule 142 of the CGST Rules. The same revision would be effective from July 10, 2024, which mentions the process of managing the voluntary tax payments that the registered taxpayers made and emphasizes the process of issuing orders and considerations via the proper officer. Modifications in Rule 142 of the CGST Rules Prior to Amendment Procedures for Payment and Acknowledgment: Formerly when an individual levied to tax…

CBIC Dept. Updates Table 6.1 of GST Return Form 3B for Adjustments Prior Negative Liability

To include the ‘Adjustment of negative liability of previous tax period’ for Reverse Charge and supplies under Section 9(5) of GST Act and other than Reverse Charge and supplies made under Section 9(5) of GST, the Central Board of Indirect Taxes and Customs (CBIC) has revised Table 6.1 of the GSTR 3B. From a new table, the former one was substituted. Section 9(5) of the GST statute mentions the services proposed by the E-commerce operators. The government has informed the amendment, though the effective date has not been announced till…

CBIC Publishes Handbook of GST Law and Procedures for Officers

The GST Law and Procedures handbook for departmental officers provides a complete overview of GST law and simplifies its various aspects in an easy-to-understand manner. It is organized into 14 helpful chapters, each explaining the legal and procedural requirements of GST as a simple guide for government officers. The government departmental officers felt the need for a GST Handbook to help them understand the various procedures of GST. After receiving feedback from different offices under CBIC, DGGST has now released the GST Handbook for the departmental officers. Overview and Achievements…

CBIC releases detailed procedure for approval, post-audit and review of refund claims under GST

[ad_1] The Central Board of Indirect Taxes and Customs (CBIC) has released a detailed procedure for the approval, post-audit, and. review With regard to refund claims under Goods and Services Tax, in the light of receipt of reports of various practices being followed by the authorities creating confusion for the taxpayers. CBIC clarified that while passing the refund sanction order, the proper officer is required to upload a detailed speech order along with the refund sanction order in the form. GST RFD-06, “The matter has been investigated with the twin…