E-invoice Rejections & Resolutions

NIC has published the following error codes, error message, the reasons for the errors and the corresponding resolutions to help you resolve errors faced during e-Invoice upload to the NIC portal.

Read More

Guidelines for e-Invoice with TallyPrime 3.0

Register TallyPrime for Tally GSP Service only in case your business need E-invoice or not registered E-way bill Online Service in TallyPrime.

Read More

Critical Challenges for Chartered Accountants related to the new e-Invoicing System

In the recent update, from 1st August 2023, e-Invoicing will be essential for all the registered persons whose aggregate turnover in any prior fiscal year from 2017-18 onwards exceeds 5 crores.

Read More

What are GSTR-2B and GSTR-2A statements?

GSTR-2A is a statement of inward supplies for the taxpayer. GSTR-2B is also an auto-populated ITC statement, similar to GSTR 2A...

Read More
GSTR-2A and GSTR-2B reconciliation in TallyPrime

GST reconciliation in TallyPrime is so simple that by just uploading the GSTR2B/2A statements, the books’ data will be automatically reconciled with the statement

Read More
Sale of small plots of land with development work is not taxable under GST.

The AAAR, Karnataka, in the matter of M/s. Ms. Rabia Khanum [KAR/AAAR /02/2023 dated February 14, 2023] has upheld the advance ruling passed by AAR, Karnataka and held that the amounts received by the

Read More
Rule 89(4)(c) is ‘ultra-vires’ to the provisions of GST law and held ‘unconstitutional’

The Hon’ble Karnataka High Court in M/s. Tonbo Imaging India Pvt Ltd v. Union of India [W.P.C No. 13185 of 2020] (T-RES) dated February 16, 2023] has held that, Rule 89 (4)(c) of the Central Goods and

Read More
Minor discrepancy in the e-way bill would not attract penalty proceedings

The Hon’ble Allahabad High Court in M/s. Varun Beverages Limited. v. State of U.P. and Ors. [Writ Tax No. - 958 of 2019 dated February 2, 2023] has set aside the order imposing the penalty upon the...

Read More
No Service Tax can be levied on take-away/parcel food from restaurants

The CESTAT, New Delhi in Haldiram Marketing Pvt. Ltd. v. Commissioner, Central Goods and Service Tax [Service Tax Appeal No. 51555 of 2022 dated February 13, 2023] has set aside the demand order......

Read More
18% GST Leviable on Works Contract Services to Indian Railways; 12% on Works Contract Services Involving Predominantly Earthwork

The AAR, Karnataka in the matter of M/s S.K. Swami & Company [Advance Ruling No. KAR ADRG 05/2023 dated January 23, 2023] has ruled the rate of Goods and Services Tax (“GST”) @ 18% is exigible on work

Read More
GST authorities lacks jurisdiction to examine correctness of credit transitioned from erstwhile tax regime

The Hon’ble High Court, Jharkhand (“the High Court”) in the case of M/s. Usha Martin Ltd. v. Additional Commissioner & Ors. (W.P.(T) No. 3055 of 2022) dated November 10, 2022, quashed the proceedings

Read More
Bombay HC orders restoration of GST registration cancelled u/s 29(1) of the CGST Act

The Hon’ble Bombay High Court (“the High Court”) in the case of M/s. Euro Pratik Sales Corporation [W.P No.3380 OF 2022 dated November 17,2022] allowed Petitioner to submit a physical application for

Read More