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Writer's pictureCA Hemant Singhal

GST UPDATE | May 23 Dated: 01 May 2023

1. GST DEADLINES


1.1. Deadlines | May 23


GST Compliance Calendar – May 2023


2. GST PORTAL UPDATES


2.1. Time limit for reporting invoices on the IRP Portal

(Advisory Dated: 12/04/2023)

A time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores have been imposed. To ensure timely compliance, taxpayers in this category will not be allowed to report invoices, credit note and debit notes older than 7 days on the date of reporting. The above changes will be applicable from 1st May,2023.


2.2 Bank Account Validation

(Advisory Dated: 24/04/2023)

GSTN is pleased to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer are correct. The bank account validation status can be seen under the Dashboard→My Profile→Bank Account Status tab in the FO portal. Tax Payers will also receive the bank account status detail on registered email and mobile number immediately after the validation is performed for his declared bank account.

2.3 New Facility to verify Reference Number mentioned on offline communications issued by State GST authorities

(Advisory Dated: 28/04/2023)

In order to enable the taxpayers to ascertain that an offline communication (i.e. one which is not system-generated) was indeed sent by the State GST tax officer or not, a new facility for Reference Number (RFN) generation by State tax officer and verification by taxpayer has been provided. Under this feature, the State Tax office can generate a RFN for the physically generated correspondence sent to the taxpayer, which can be validated by the taxpayer (both pre-login and post-login). The facility to verify RFN of System-generated documents, once deployed, shall also be available in a seamless manner using the same link. This facility is for offline correspondence issued by State GST authorities. For documents issued by Central GST officers, CBIC DIN facility may be used.


3. NOTIFICATION

3.1 Amnesty Scheme to GSTR 9 Late Fees

(Notification No.-02/2023-Central Tax; dated 31 March 2023)

The Scheme for the wavier of GSTR 9 late fees is as follows:-



Disclaimer: “This material is intended to provide general information on particular subject(s) and is not an exhaustive treatment of such subject(s) or a substitute to obtaining professional service or advice. It is strongly recommended to seek professional advice before implementation of any of the aspects covered in the presentation.”)

Author can be reached at ca.hsinghal@gmail.com; +91 99172 11511

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