4 Recent Important Changes Under GST; You Must Know

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Categories: GST Law, Important News

The GSTN has introduced 4 important changes under GST for taxpayers that everyone must be aware of.

The changes are as follows:

1. Good News; Computation of Input Tax Credit (ITC) updated in GSTR-9

The Annual Return GSTR-9’s Table 8A ITC computation has been updated, incorporating data from suppliers’ GSTR-1/IFF/GSTR-5 filings until 30th November 2023. The refreshed information is now finalized, and no further changes are expected in Table 8A. Any filings by suppliers after the update date will be considered in the subsequent update.

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2. GSTN issued an Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023

The GSTN issued an Advisory No. 612 dated November 28, 2023 for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023.

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3. GSTN issued an Important advisory for the Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Andhra Pradesh

The GSTN issued Advisory No. 616 dated December 01, 2023 for a Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Andhra Pradesh.

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4. GSTN issued an Important advisory on Two-factor Authentication for Taxpayers to strengthen login security in the GST portal

The GSTN issued Important Advisory No. 618 dated December 01, 2023 on Two-factor Authentication for Taxpayers to strengthen the login security in the GST portal.

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