News and Updates by GSTN Team published on the GST Portal recently.
Dear all,
Your association SIMA is forwarding herewith important news/updates by GSTN Team published on the GST Portal recently.
1. Clarification on reporting 4-digit/6-digit HSNS (Updated on 12/04/2021).
GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Waybill portals. Notification No. 12/2017-Central Tax dated June 28, 2017, as amended vide Notification No. 78/2020 - Central Tax, dated October 15, 2020, mandates taxpayers to declare specified digits, of Harmonised System of Nomenclature (HSN)/ Service Accounting Code (SAC) Code on raising of tax invoices, w.e.f. April 1, 2021,......FOR MORE DETAILS, PLEASE CLICK HERE.
2. New features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP Scheme (Updated on 13/04/2021).
The new features related to the filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, are available for the taxpayers........FOR MORE DETAILS, PLEASE CLICK HERE.
3. Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme (Updated on 13/04/2021).
With effect from 1st January 2021, all taxpayers with Annual Aggregate turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-38 return on a quarterly basis. They also have an option to file B2B invoice details in Invoice Furnishing Facility (IFF) for months 1 and 2 (eg. Jan and Feb) of the quarter in order to pass on the credit, whereas the remaining invoices have to be declared in the Quarterly Form GSTR-1 of Month 3 (e.g. March).......FOR MORE DETAILS, PLEASE CLICK HERE.
ThankingYou,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
