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Audit Report filing data,

More than 30 lakh Audit Reports filed on Income Tax Department’s e-filing portal till 30th September, 2023
October 3rd, 2023
Posted By: Team-MMTaxClub

More than 30.75 lakh audit reports, including about 29.5 lakh Tax Audit Reports have been filed for AY 2023-24 on the e-filing portal till the end of the due date on 30th September 2023 with respect to filing of Tax Audit Reports (TARs) and other audit reports in Form No. 29B, 29C, 10CCB, etc, ensuring compliances in time.

To facilitate the taxpayers, extensive outreach programmes were carried out. Around 55.4 lakh outreaches were done through e-mails, SMSs, social media, along with information messages on Income Tax portal to create awareness among the taxpayers to file the Tax Audit Reports and other audit forms within the due date. Various user awareness videos were uploaded on the Income Tax portal to provide guidance. Such concerted efforts have been helpful to the taxpayers and tax professionals in filing the audit reports within the due date.

The e-filing portal successfully handled the traffic, providing a seamless experience to the taxpayers and tax professionals for filing the audit reports. This smooth filing experience has been appreciated by professionals on various platforms including social media. 

The e-filing Helpdesk team has handled approximately 2.36 lakh queries from the taxpayers in the month of September, 2023 supporting the taxpayers and tax professionals proactively during the filing period, helping them resolve any complexity involved. The support from the helpdesk was provided through inbound calls, outbound calls, live chats, Webex and co-browsing sessions. The Helpdesk team also supported resolution of queries received on the Twitter handle of the Department through Online Response Management (ORM), by proactively reaching out to the taxpayers/ stakeholders, providing assistance to them on different issues on a near real-time basis. Various webinars related to filing of Audit forms were conducted to guide the Tax professionals.

The Department expresses gratitude to all tax professionals and taxpayers for their support in compliances.

Access Advisory

Json file download e invoice

e-Invoice JSON download functionality Live on the GST e-Invoice Portal
October 3rd, 2023
Posted By: Team-MMTaxClub

GSTN issued advisory dated 3rd October 2023 regarding e-invoice generation facility enabled on GST e-invoice portal.

GSTN is pleased to inform you that the e-Invoice JSON download functionality is now live on the GST Portal. To help you to navigate and make the most of this feature, some key steps are as below.

To download the generated and received e-Invoices in JSON format, please follow these steps:

Step 1: Log in

    • Visit the e-Invoice Portal at https://einvoice.gst.gov.in

    • Log in using your GST Portal credentials.

Step 2: Navigate to Download E-invoice JSONs Section

 • On the main portal page, find the "Download E-Invoice JSONs" section. It has two tabs: "Generated" and "Received."

 • The "Generated" tab is designed for e-Invoices generated by you, while the "Received" tab is meant for e-Invoices received by you.

Step 3: Search for e-Invoice (By IRN)

   • Click the "By IRN" tab to search for a specific e-Invoice.

    • Enter the IRN (Invoice Reference Number) or pick the Financial Year, Document Type, and Document Number.

    • Hit the "Search" button.

Step 4: View and Download

    • Once you hit search, you will see the specific IRN.

    • To download the signed e-invoice, click "Download PDF" (available for a single active IRN).

    • Or, choose "DOWNLOAD E-INVOICE (JSON)" for a JSON format download.

Step 5: Bulk Download (By Period)

   • Use the "For Period" tab to download e-Invoices in bulk for a specific period.

    • Select the Financial Year and Month.

    • Click "DOWNLOAD E-INVOICE (JSON)" to get all e-Invoices in JSON format for that month.

Step 6: Excel Format e-Invoice List (By Period)

    • To get an e-invoice list in Excel format for a specific period:

         • Visit the "List of IRNs" tab.

         • Select the desired Financial Year and Month.

         • Click "DOWNLOAD E-INVOICE (Excel)."

Step 7: Downloading History

    • The requested e-Invoices remain in downloading history for 2 days only. Post 48 hours fresh request needs to be initiated.

3.   Additionally, this functionality allows to download all e-invoices reported across all six IRPs (Invoice Registration Portals), i.e. complete data.

4.   Regarding accessibility, you can download e-Invoice JSON files for up to 6 months from the date of IRN generation.

5.   To ensure a smoother experience for all users. It is requested that taxpayers schedule their downloads in a staggered manner during off peak hours and refrain from overwhelming the system with large requests during the initial days

6.   Moreover, please note that this functionality is also accessible via GSP (GST Suvidha Providers) through G2B (Government-to-Business) APIs.

7.   For your convenience, we have attached a comprehensive manual and FAQ document below for your ready reference. The same can be accessed at: https://tutorial.gst.gov.in/downloads/news/e-invoice_json_download_functionality.pdf

Access Advisory

GST compliance calendar

GST Compliance Calendar for the month of October 2023
October 1st, 2023
Posted By: Team-MMTaxClub

Important filing dates on GST portal

Date

Return Form

Return Month

Description

10th Oct 23

GSTR-7

September 2023

Summary of Tax Deducted at Source (TDS) and deposited under GST laws

 

10th Oct 23

GSTR-8

September 2023

Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators under GST laws

11th Oct 23

GSTR - 1

September 2023

GST Filing of returns by a registered person with aggregate turnover exceeding INR 5 Crores during the preceding financial year or any registered person have opted to file monthly return.

13th Oct 23

GSTR - 1 IFF

September 2023

Details of B2B Supply of a registered person with turnover upto INR 5 Crores during the preceding financial year and who has opted for quarterly filing of return under QRMP.

13th Oct 23

GSTR - 6

September 2023

Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributors (ISD).

13th Oct 23

GSTR - 5

September 2023

Summary of outward taxable supplies and tax payable by a non-resident taxable person.

18th Oct 23

CMP - 8

September 2023

Quarterly challan-cum-statement to be furnished by composition taxpayers.

20th Oct 23

GSTR - 5A

September 2023

Summary of outward taxable supplies and tax payable by a person supplying OIDAR services

20th Oct 23

GSTR - 3B

September 2023

GST Filing of returns by a registered person with aggregate turnover exceeding INR 5 Crores during the preceding financial year.

22nd Oct 23

GSTR – 3B

September 2023

Summary of outward supplies, ITC claimed, and net tax payable by taxpayers who have opted for the QRMP scheme and registered in category X states or UTs #

24th Oct 23

GSTR – 3B

September 2023

Summary of outward supplies, ITC claimed, and net tax payable by taxpayers who have opted for the ORMP scheme and registered in category Y states or UTs##

28th Oct 23

GSTR – 11

September 2023

Statement of inward supplies received by persons having Unique Identification Number (UIN)

# Category X States – Chhattisgarh, MP, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Puducherry, Daman and Diu and Dadra and Nagar haveli, Andaman and Nicobar islands, Lakshadweep.

## Category Y States – HP, Punjab, Uttarakhand, Haryana, Uttar Pradesh, Rajasthan, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi.
GST Collection Sept 23

₹1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth
October 1st, 2023
Posted By: Team-MMTaxClub

GST collection crosses ₹1.60 lakh crore mark for the fourth time in FY 2023-24

₹9,92,508 crore gross GST collection for the first half of FY 2023-24 marks 11% Y-o-Y growth

Average monthly gross GST collection in FY 2023-24 at Rs. 1.65 lakh crore with 11% Y-o-Y growth

The gross GST revenue collected in the month of September, 2023 is ₹1,62,712 crore out of which CGST is ₹29,818 crore, SGST is ₹37,657 crore, IGST is ₹83,623 crore (including ₹41,145 crore collected on import of goods) and cess is ₹11,613 crore (including ₹881 crore collected on import of goods).

The government has settled ₹33,736 crore to CGST and ₹27,578 crore to SGST from IGST. The total revenue of Centre and the States in the month of September, 2023 after regular settlement is ₹63,555 crore for CGST and ₹65,235 crore for the SGST.

The revenues for the month of September, 2023 are 10% higher than the GST revenues in the same month last year. During the month, the revenues from domestic transactions (including import of services) are 14% higher than the revenues from these sources during the same month last year. It is for the fourth time that the gross GST collection has crossed ₹1.60 lakh crore mark in FY 2023-24.

The gross GST collection for the first half of the FY 2023-24 ending September, 2023 [₹9,92,508 crore] is 11% higher than the gross GST collection in the first half of FY 2022-23 [₹8,93,334 crore]. The average monthly gross collection in FY 2023-24 is ₹1.65 lakh crore, which is 11% higher than average monthly gross collection for first half of FY 2022-23 where it was ₹1.49 lakh crore.

The chart below shows trends in monthly gross GST revenues during the current year. Table-1 shows the state-wise figures of GST collected in each State during the month of September 2023 as compared to September 2022. Table-2 shows the state-wise figures of post settlement GST revenue of each State till the month of September 2023.

Excess Press Release

GST ,mmtaxclub

Parliamentary panel bats for GST exemption for prison products, hi-tech jammers in jails
September 22nd, 2023
Posted By: Team-MMTaxClub

Products made by jail inmates should be exempted from GST, as this will give them a competitive edge over similar products made by big business houses, besides improving their sales and profitability, a high-level Parliamentary panel said. This was suggested by the Parliamentary Standing Committee on Home Affairs in its report presented in both Houses of the Parliament on Thursday, noting that by giving GST exemption to prison-made products and by making them available online will not only create awareness among people about the work done by prisoners, but will also bring about a positive outcome for their reforms.

The Parliamentary panel in its report on Prison Reforms, Conditions and Infrastructure, further suggested that to prevent drugs, arms and especially mobile phones from being smuggled into prisons, technologically upgraded jammers that are capable of blocking all signals, from 2G to 5G, should be installed in all prisons.

As of now, jammers capable of blocking only 2G and 3G network signals are available in Indian prisons. In fact, in many prisons, no jammers are installed at all.

“The Home Ministry should set benchmark frisking standards to curb entry of contraband articles to prevent gang wars... Further, drones should be used in prisons for aerial surveillance of the prison premises,” the report said. In addition to this, the committee also noted that the status of young offenders is not clear across states. “In view of this, the committee recommends that a clear definition of ‘young offenders’ should be given by the Home Ministry along with a common guideline to all states, describing the procedure to govern them,” the panel suggested.

The Parliamentary panel also said that transgender prisoners should be provided with same standards of healthcare, which is available to other prisoners, and they should have access to necessary healthcare services without discrimination on the grounds of their gender identity. It also suggested that a doctor of their choice, rather than that of prison officials, should examine transgender prisoners before lodging them in appropriate prisons, so that they may not be “misgendered”.