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Changes in GST Rules for Businesses An update to the e-invoicing process for businesses has been announced by the Goods and Services Tax Network (GSTN). W.e.f April 1, 2025 the assesses with an annual  aggregate turnover (AATO) of Rs 10 crore or more than that shall now be obligated to upload e-invoices to the Invoice Registration Portal (IRP) within 30 days from the date of invoice issuance. Earlier, On businesses with an AATO of Rs 100 crore or exceeds, this 30 days requirement is applicable. Starting in April 2025 the same regulation shall extend to a larger group of taxpayers, along with those that have the smaller businesses. The same shall be applied to the people having an Aggregate Annual Turnover (AATO) of more than Rs 10 crore, which results in a larger group of GST assesses being affected. As per the GST norms the suppliers and sellers having a designated annual aggregate turnover (AATO) should make an electronic invoice (e-invoice) and after that on the IRP portal for the

Concerning the financial front, gross GST collections for August 2024 show a strong 10% growth, reaching approximately ₹1.75 lakh crore.  This surge, driven by robust domestic consumption, led to a 9.2% increase in GST revenues from domestic transactions to approximately ₹1.25 lakh crore. Revenue from imported goods also saw a substantial rise of 12.1%, totalling ₹49,976 crores.  Despite the overall growth, there was a slight decrease from the ₹1.82 lakh crore collected in July 2024 when compared month-on-month. However, industry experts remain optimistic.  They point out that the 10% year-on-year increase at the commencement of the festive season is a strong indicator of sustained and potentially growing consumption in the upcoming months. The government's ongoing efforts to simplify the GST process, especially through measures such as adjusting rates to lower working capital expenses, have been positively acknowledged.  This dedication is also evident in the ₹24,460 crore in

  Have you encountered any challenges while trying to create a GST E-way bill using the government portal? If yes, SAG Infotech is here to provide some important solutions for you. NIC has launched the GST E-Way Bill 2 Portal. Designed to Offer GST E-way Bill Services with High Availability Using the e-way bill site, taxpayers and logistics operators can log in with their current account and password. Data from the GST E-way Bill2 site will be verified, combined, and available on the main GST E-way Bill portal for all business and analytical objectives. To guarantee that e-invoice generation is unaffected, this portal is integrated with another e-invoice portal for e-way bill generation. Users can freely create and amend E-Way Bills using the GST E-Way Bill2 Portal. The seamless integration and merging of the e-Waybill1 and e-Waybill2 systems will lessen reliance on the e-Waybill1 system in emergencies. E-way bill details are synchronised with the main portal in only a few seconds

 Depending on its former decision in M/s Anandeshwar Traders v. State of U.P. and Others , the Allahabad High Court ruled that the burden to prove the double movement of goods based on the same documents lies on the department. The Allahabad High Court in M/s Anandeshwar Traders v. State of U.P. and Others ruled that the positive burden to prove that goods had been transported on an earlier occasion is in the Assessing Authority. The court noted that as no inquiries were incurred from taxpayers, toll plazas, purchasing dealers, or any other source as to whether goods had been transported earlier, no presumption can be drawn by the authorities just on the e-way bill. The Court in M/s Anandeshwar Traders ruled that a conclusion without proof cannot be drawn against the double use of e-way bills. Such a conclusion ought to be based on facts and proof that the assessing authority determined which has been examined to test the order correctness and not the conclusions, recorded without any

In the realm of bolstering tax administration integrity, five states, including states such as Tamil Nadu, Telangana, Karnataka and others, are considering Aadhaar-based authentication for GST registration . This move aims for enhanced transparency and accuracy. The decision emerged from the recent third National Coordination Meeting of senior Central and State GST officers, focusing on GST framework discussions. At present, the states of Andhra Pradesh, Gujarat and the Union Territory of Puducherry have initiated a trial program for Aadhaar authentication of taxpayers, which demonstrates how implementing such a system could bring some important advantages and is entirely feasible. As other states show their willingness to adopt this system, it has the potential to revolutionize the Good and Search Tax (GST) registration processes, leading to a significant transformation in the way taxpayers are verified and registered. Many Indian states have been increasingly concerned about identity

The Income Tax Section 143(1) makes many provisions, including the most recent amendments, clear to taxpayers, and this becomes especially important as the deadline for filing ITRs draws near.    The IT Department's preliminary review of a taxpayer's filed return is indicated by a notification sent to them U/S 143(1) of the Income Tax Act. Even though this seems ordinary, failure to pay attention to important details now can cause problems. In this instance, we draw attention to crucial safety measures that guarantee a comprehensive examination of these notifications, protecting taxpayers against possible mistakes or inconsistencies. Verification of Individual Details: Examining an intimation requires first carefully confirming personal details like name, Permanent Account Number (PAN) , and assessment year. Even small errors in these specifics could cause misunderstandings or cause delays in other processes. Survey of Wages: Make sure that all of the income sources you liste