GST INDIA CARE

Recently, it has been noticed that businesses have been receiving Show Cause Notices from GST department for shortfall in payment of GST for the Financial Year 2017-18. The major issues on which the notices have been issued are as under.

a. Mismatch in GST output liabilty between GSTR 1 and GSTR 9.
b. Mismatch in GST input tax credit between GSTR 3B and GSTR 2A.
c. Ineligible ITC of airlines, hotels, construction contracts
d. Reversal of ITC on exempt supplies

These seem to be automated notices issued by the authorities without any application of mind. The GST authorities are issuing these notices without asking for or reviewing any documents. It has not even been examined whether these adjustments have already been made by the taxpayer or not. Even system errors themselves are being ignored while issuing these notices.

These notices are also being issued in a hurry since Sept 30, 2023 is the last date to issue such notices for financial year 2017-18. Currently, only those businesses who fall under the jurisdiction of State GST department of Delhi have received these notices. We can expect that other states or the Central GST department may also follow suit.

The authorities have given a time of 30 days to respond to these notices. If a proper response is not given clarifying the mismatch or the differences, the GST authorities will crystallise the demand by December 31, 2023. Hence, it is important that these notices are attended to in a timely manner.



www.gstindiacare.com

I'm Opting Out too!
So now they are doing it, just announced on Channel 4 News. Facebook is charging all users starting Monday. You can do an opt-out by doing this. Hold your finger over this message and copy it. It can’t be shared. I do not give permission for Facebook to charge $4.99 a month to my account, also; all my pictures are my property of mine and NOT Facebook's!!! Opt-out Special thanks to Larry for this legal advice… and to Tim Barker for posting this information:
Due to the fact everyone is slowly getting hi-jacked, yeah hi-jacked not hacked, they're flat out hi-jacking our accounts, even more now.
Just in case Notice: An attorney advised us to post this. The violation of privacy can be punished by law. NOTE: Facebook Meta is now a public entity. All members must post a note like this. If you do not publish a statement at least once, it will be technically understood that you are allowing the use of your photos, as well as the information contained in your profile status updates.
I HEREBY STATE THAT I DO NOT GIVE FACEBOOK META MY PERMISSION TO USE ANY OF MY PERSONAL DATA OR PHOTOS.
Copy and paste, do not share. I am getting more sales ad posts than friends' posts. Hold your finger anywhere in this post and click ′′ copy ". Go to your page where it says "What's on your mind." Tap your finger anywhere in the blank field. Click paste. This upgrades the system. Remember tomorrow starts the new Facebook rule (aka... new name META) where they can use your pics. Dont forget the deadline is today!!! I do not give Facebook or any entities associated with Facebook permission to use my pictures, information, messages or publications, past and future.

With this statement, I notify Facebook that it is strictly forbidden to disclose, copy, distribute or take any other action against me based on this profile and/or its contents. The violation of privacy can be punished by law

You can copy and paste this version if you prefer. If you do not publish a statement at least once it will be tacitly allowing the use of your photos, as well as the information contained in your profile and status updates.

DO NOT SHARE. Copy And Paste.

Here's how to proceed:

Hold your finger anywhere in this message and "copy" will appear. Click on "Copy". Then go to your page, create a new post and put your finger anywhere in the blank field. 'Paste' will pop up and click Paste.

This will bypass the system....

He who does nothing agrees apparently.

Glimpse of our Indirect Tax Leader CA. SUSHANT GUPTA Ji being Awarded at Annual Function 2023 of NIRC of ICAI at Vigyan Bhawan, New Delhi.

Always felt great to be and by your alma matter i.e. ICAI

Glimpse of being Awarded at Annual Function 2023 of NIRC of ICAI at Vigyan Bhawan, New Delhi.

Please join us for webinar on Decoding Union 2023 by our Indirect Tax Leader CA. Sushant Gupta Ji.

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Happy Republic Day Everyone!

Happy Independence Day to Everyone...

Vide notification No. 4/2022 Central Tax (Rate) dated 13th July, 2022
*w.e.f. 18th July 2022 Now Recipient have to pay RCM @5% on Freight even on single Rupee if transaction not covered under Forward Charge.*

RCM Exemption for Rs. 1500/- or Rs. 750/- withdrawn.

Further, GTA New options are:
1) RCM 5% paid by recipient
2) FCM 5% with no ITC to GTA
3) FCM 12% with ITC to GTA

FCM Means Forward Charge

Regards
ADMIN
* *
YOUR GST ADVISORS

_Update Yourself, Improve Yourself_

*India We Care, @ GST INDIA CARE*

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E-invoice limit reduced from Rs. 20 Crores to Rs. 10 Crores wef 01/10/2022 i.e for any registered person with aggregate turnover exceeding Rs. 10 Crores in any FY 2017-18 onwards has to issue E-invoice w.e.f 1st October 2022.