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Stay Informed: Exploring the Recent Transformations in GST with Real-Time Tax

Recent changes in the goods and services tax (GST) have led to a big push towards real-time tax payments. Recent changes in gst Under the new system, businesses must submit GST returns on a monthly basis instead of quarterly, and must also pay any outstanding taxes on the same monthly return. The aim of this change is to make the tax system more efficient, and to prevent tax evasion. While the new system may increase the burden on businesses initially, in the long run it is expected to streamline the tax system and make compliance easier.

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Stay Informed: Exploring the Recent Transformations in GST with Real-Time Tax

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  1. Sign in | Register TAX REAL TIME Q U I C K T A X S O L U T I O N S  GST – Calcutta High Court: Though the vehicle reached at destination before the expiry of E- way bil... Trending Customs – Karnatak  Home / News Updates News Updates GST News – GSTN issued advisory on Enablement Status for Taxpayers for e-Invoicing - taxpayers are now enabled on all six IRP portals including NIC-IRP for e-Invoice reporting enablement status on the e-Invoice is availa... GST – GSTN has developed E-Invoice Veri?er App - a convenient solution for verifying e-Invoices and other related details GST – Advisory issued on Filing of Declaration in Annexure V by Goods Transport Agency (GTA) opting to pay tax under forward charge mechanism GST News: GSTIN has issued revised advisory on deferment of Implementation of Time Limit on Reporting Old e-Invoices to 3 months [Source enclosed] GSTN – GSTN advised Taxpayers to inculcate a month-wise return ?ling discipline and advised to ?le their Form GSTR- 3B well in advance to avoid last day rush GST News – Union Minister Smt. Nirmala Sitharaman chaired a review meeting with CBIC on 29th April 2023 - Directed CBIC to introduce its automated GST return scrutiny by next week; Implement an action plan to increase th... GST News: GSTN has issued revised advisory to apply restriction to all document types for which IRN is to be generated - Once issued, Credit / Debit note will also have to be reported within 7 days of issue [Advisory att... GST News - GSTN has issued advisory to proposed that w.e.f. 01 May 2023 time limit would be imposed for reporting of GST Tax Invoices on the Invoice Registration Portal Customs News – Ministry of Finance issued press release on Customs duty full exemption for all imported drugs & Food for Special Medical Purposes for personal use for treatment of all Rare Diseases GST News: Guidelines issued for 6 / 8 digit HSN Code Reporting in e-Invoice on IRPs Portal in GST GST News: Procedure advised for the taxpayer wishing to register as “One Person Company” in GST GST News - Functionality to transfer cash ledger balance between same PAN's GSTIN is enabled ‹ 1 2 3 4 5 6 › News Updates GST News – GSTN issued advisory on Enablement Status for T... Get complete access to news updates - @299 + GST for 6 months / @499 + GST for 1 Year Subscribe Now

  2. GST – GSTN has developed E-Invoice Veri?er App - a conven... GST – Advisory issued on Filing of Declaration in Annexure... GST News: GSTIN has issued revised advisory on deferment of ... View All Get in Touch Useful Links  info@taxrealtime.in  Top Stories  +91 7291044154  GST  +91 7849813442  Service Tax  Excise / VAT / CST      News Updates  DGFT / SEZ  Issue wise cases Get Tax Updates Via Whatsapp Issue under GST? Have any issue under GST ??  Write to us for evaluation About us Terms of use Privacy policy Career Advertise with us Contact us Copyright © Taxrealtime. All Rights Reserved Get complete access to news updates - @299 + GST for 6 months / @499 + GST for 1 Year

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