GST Updates

Now, in GST Portal, we can verify the full details of all GST Registered tax payers..... WE can know, the name, address, Jurisdictional Office, Products dealt with, services provided, GSTR 3B, GSTR1, GSTR 9 and GSTR9C filing status etc......... This will help the buyers to know the compliance level of the suppliers in advance...... Check the GST Number of any tax payers to know the level of disclosures now available in the portal......

Yes.  As per present GST Law, a composition dealer is liable to file both GSTR 4 (Return for a Financial Year) and GSTR 9A (Annual Return) for financial Year 2019-20. GSTR 4 is filed as per Rule 62 and GSTR 9A is per Rule 80. However, when we login to the GST Portal, GSTR 4 is given in Annual Return Option. Moreover, form GSTR 9A is not available in GST Portal as of now. Therefore, Government need to clarify this point immediately. ........ Now, on 01.09.2020, GST Portal says.......... GSTR 4 is an Annual Return.... The relevant parts are given below: Filing Form GSTR-4 Annual Return by Composition Taxpayers on GST Portal 01/09/2020 What is Form GSTR4 Annual Return:- With effect from 1st April, 2019,  all  Composition  Taxpayers are required to file Form GSTR-4 Annual Return ,  on  annual basis , for  each  financial year..... Conclusion: GST is very simple...... WE have two GST laws.... First one is GST Acts and the second one is GSTN Acts !!!

 As per Section 67(2), during inspection and search, Proper Officer can seize ......Goods, Documents, Books or things..... The Question was whether cash can be seized?  Is cash is falling within the meaning of 'things'? Recently, Madhya Pradesh HC held that money/ cash is also falling within the meaning of 'things' and cash can be seized during inspection / search..............

Now, we can see that the IGST paid on import of goods is getting reflected in GSTR 2A. We can access this data from October, 2017 onwards........... Therefore, before availing ITC on Import of goods, verify and Reconcile this data too......

 Now, We can check the total GST Return filing history of the suppliers....... We can see GSTR 3B, GSTR 1 and Annual Return filing history of the suppliers... This can be verified in Portal in Search tax Payer Option.....

GSTR 2B is activated in GSTN Portal for testing purposes only. Government has to make Rules and introduce the GSTR 2B form in law.. Till then Tax Payers can test it............