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Exciting GST Update: Casinos, Online Gaming, and Horse Racing Now under GST!

Breaking news from the 50th GST Council Meeting! The Council has recommended bringing activities such as Casinos, Online Gaming, and Horse Racing under the GST ambit. With suitable amendments to the law, these will be taxable at a uniform rate of 28%. Find out more about the tax implications for each activity and stay up-to-date with the latest in GST regulations. Place your bets on knowledge!

Important GST Compliance Update: Form DRC-01B & GSTR-1 Differences

Attention taxpayers! Stay informed about the latest GSTN advisory regarding discrepancies between GSTR-1 and GSTR-3B. Learn when to file Form DRC-01B, its applicability, and the necessary steps to resolve any mismatches. Stay compliant and ensure your GSTR-1/IFF filing remains unblocked.

Stay ahead of the game with these essential updates!

Big Update on GST: E-invoicing Limit to be Reduced?

Exciting developments in the GST arena! The current e-invoicing limit of Rs.5 Crores might see a significant reduction to Rs.1.5 Crores in the upcoming GST Council Meeting. If approved, this change could come into effect from December 2023. Stay tuned for more updates and ensure your business stays compliant with the evolving GST regulations.

July is here and let us ensure you are on track with GST Compliance! Here is the July GST important dates for ready reference!



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✅️latest GST Updates
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Saluting the Enlightened Souls who Illuminate our Paths
Happy Guru Purnima!

Wishing all Chartered Accountants a Happy CA Day! Your expertise, dedication, and professionalism inspire us all. Here's to your continued success and contributions to the financial world. 🎉📊✨

Unwind your body, rejuvenate your mind.
Happy Yoga Day!

Today we honor the dads who juggle work, play, and everything in between with grace and a smile.
Happy Father's Day!

To improve the security of the e-way bill and e-invoice system, National Informatics Centre (NIC) has introduced 2-Factor Authentication to log in to the e-way bill or e-invoice system. Besides username and password, the user would now require providing a one-time password (OTP) for authenticating the login.

It will be mandatory for taxpayers with turnover more than Rs.100 Crore to login using the Two-factor Authentication from 15th July 2023 for both the e-invoicing and e-way bill systems.

Balancing the Books, Preserving the Earth: Green Accounting for a Sustainable Future. Embrace Green Initiatives!

World Environment Day!

GSTN Advisory for opting forward charge mechanism by Goods Transport Agencies (GTAs) for FY 2023-24.

The GTAs, who commence business or cross the registration threshold on or after 1st April 2023, and wish to opt for payment of tax under the forward charge mechanism are required to file their declaration in Annexure V for the FY 2023-24 physically before the concerned jurisdictional authority and before the expiry of forty-five days from the date of applying for GST registration or one month from the date of obtaining registration whichever is later.

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With a rich and varied experience of more than a decade (10+ years) in the field of Accounting, Finance, Taxation and Auditing. Key area of working in Goods & Services Tax.

We also believe in educating and empowering
businesses and individuals with right GST laws and best practises. We run class apart GST training and advisory services .

We make GST simplified and carefree!

GST Survey under special drive to be done only for selected and suspicious taxpayers.
Businesses are in a panic about the GST Special Survey Drive from May 16 to July 15, 2023. However, the survey targets only fake and suspicious registrations, identified through data analysis and risk parameters, according to GSTN and CBIC.
Connect with us for any GST queries!
📞: 87883 28392
📧: [email protected]

GTA Tax Payment Option Extended to May 31, 2023. The CBIC has issued a notification to provide that the option for the Financial Year 2023-2024 to pay tax under Forward Charge by Goods Transport Agency (GTA) shall be exercised on or before 31st May, 2023
The government has extended the tax payment option for GST, providing more flexibility and convenience. Stay compliant and streamline your tax processes with the updated GST regulations. Ensure seamless operations, connect with us for any GST queries!
📞: 87883 28392
📧: [email protected]

Wishing all the amazing moms out there a very happy and special Mother's Day!

GST Department has notified a Special All-India Drive against fake registrations from 16th May 2023 to 15th July 2023.
It is important for businesses and professionals who are registered under GST to take the necessary precautions to avoid any inconvenience if a GST officer visits the premises.
✅️Keep all financial and business records up to date for easy access during verification.
✅️Educate employees about the possibility of visits from GST officers and provide them with a point of contact within the organization who can coordinate with the officers if necessary.
✅️Displace the Name of the Business with GST Number at the Premises (Many fail to displace when its residence premises, it's better to take a printout and attach it to their workstation /door)
✅️In case of any discrepancy or doubt, seek the help of a qualified professional such as a Chartered Accountant or a GST Practitioner.
Failure to produce docs or display GST numbers at premises may invite penalty or cancellation.
It is important to note that the CBIC's drive is aimed at eliminating fraudulent GST registrations and not causing harassment to genuine businesses. Therefore, it is advisable to comply with the regulations and ensure that all necessary documents are readily available for verification

To know more call us on : 8788328392

E-invoicing is now mandatory for businesses with turnover more than 5 crore during a financial year

Businesses with turnover of over ₹5 crore will have to generate electronic or e-invoice for B2B transactions with effect from August 1, 2023

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Honouring the vibrant cultural and rich heritage of Maharashtra!!
🇮🇳

Dear Valued Tax Payers,
GSTN: Bank validation is now integrated with the GST system
Bank account validation stands integrated with the GST System as per a new GST Network (GSTN) advisory dated 24th April 2023. The move ensures the correctness of the bank account details of all kinds of GST taxpayers.
The advisory has directed taxpayers to check their bank account validation status on the portal.
The bank account validation status can be seen under the Dashboard > My Profile > Bank Account Status tab in the FO portal. Taxpayers will also receive the bank account status detail on their registered email and mobile number immediately after the validation is performed for their declared bank account. Post validation, any bank account number in the database would have one status out of the mentioned four status types.
To know more about the real meaning of statuses and more about this update
Call to know more: +91 87883 28392
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Why wait for any GST notices?,, 🤔
Have you always been complying with GST Laws & Regulations? UNSURE???😶
Worry Not,It's better to save your back than suffer
HOW??
Get a GST Diagnostic Check/Audit Now Done 💯
✅️Reporting Blowoffs
✅️Pending/wrongly filled returns
✅️GST compliance
Be rest assured with us
Should you have any queries or need any assistance, connect with us to know more
☎️Call to know more: +91 87883 28392
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Stay Tuned for more details on the same💫💫
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Mandar Borse

May the magic of this Eid bring lots of happiness in your life and make all your dreams come true!

CBIC extends time limit under section 73(10) of CGST Act, 2017 for issuance of order for recovery of tax not paid or short paid or input tax credit wrongly availed or utilised for following financial year.
Review the post for more details
Should you have any queries or need any assistance, connect with us to know more
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GST Amnesty Scheme 2023 Update
Various GST late fees have been waived. Read through the post for various waivers in late fees. Fix up your books if any miss.
Note : The lastQ date for applying for this scheme is 30 June 2023
Should you have any queries or need any assistance, connect with us to know more
Call to know more: +91 87883 28392
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Amnesty Scheme for Revocation of Cancellation of GST Registration till 30 June 2023.

To provide relief to large number of taxpayers, GST Council had recommended to provide an amnesty scheme, where registration has been cancelled on account of non-filing of the returns, but application for revocation of cancellation of registration could not be filed within the time specified in section 30 of CGST Act, by allowing such persons to file such application for revocation by a specified date, subject to certain conditions.
To bring this scheme into effect, CBIC has issued Notification No. 03/2023 - Central Tax dated March 31, 2023 with the following terms and conditions.
1) Who can avail this amnesty scheme?

The registered person,
• whose registration has been cancelled for non filing of returns, on or before the 31st day of December 2022, and
• who has failed to apply for revocation of cancellation of such registration within 30 days from the date of service of cancellation order
2) How to avail for the scheme?
• the application for revocation shall be filed only after
 furnishing the returns due up to the effective date of cancellation of registration and
 after payment of any amount due as tax, in terms of such returns, along with any amount payable towards interest, penalty and late fee in respect of the such returns;
• no further extension of time period for filing application for revocation of cancellation of registration shall be available in such cases.
Note : Last date if file application for revocation under this scheme is 30 June 2023
Should you have any queries or need any assistance, connect with us to know more
Call to know more: +91 87883 28392
Write to us at [email protected]

March sees the second highest GST collection of 1.6 Lakh crore. The GST collection grows by 13%.
India's Goods and Services Tax (GST) collection rose 13 per cent to over ₹1.60 lakh crore in March, according to a statement by the finance ministry. This happened for the fourth time in the current financial year that the gross GST collection has crossed ₹1.5 lakh crore, marking the second-highest collection ever.

Happy 5 year anniversary KIRAN PATIL
There isn't any better moment than this to appreciate you and wish you good luck for many years to come. Your diligence and hardwork is what makes you special!!!

It's a matter of joy providing great assistance and adding value to your business
Thank you for trusting us!
Here's to many new beginnings and successes