GST NEWS BULLETIN
GSTN Issues Advisory in Relation to Table 12 of GSTR-1
The Goods & Services Tax Network (GSTN) had been receiving many grievances in relation to GSTR-1 of May-21, stating that the ‘Total Invoice Value’ field in the PDF preview is displaying a value as ‘0’ (zero) instead of N.A, in the cases where the taxpayer has reported the values in the concerned Table-12 of GSTR-1
44th GST Council Meeting Approves GST Rate-Cut for Covid-19 Essentials
Union Finance Minister Smt. Nirmala Sitharaman chaired the 44th GST Council meeting on 12th June 2021 through video conferencing. The council met to discuss the reduction in rates of covid-19 essentials and black fungus drug based on recommendations of Group of Ministers (GoM).
Upcoming Functionalities to Be Deployed on GST Portal
As part of GSTN’s constant endeavour to provide a smooth and hassle-free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, following functionalities are recently deployed or are being deployed on the portal shortly: