Non-filers of monthly GST returns would be prevented from filing GSTR-1 from next year.

Non-filers of monthly GST returns would be prevented from filing GSTR-1 from next year.

Businesses that fail to file a summary return or pay monthly GST will be unable to file a GSTR-1 sales return for the following month beginning January 1 of the following year. The GST Council met in Lucknow on September 17 and resolved on a slew of steps to simplify compliance, including requiring firms to use Aadhaar authentication when filing refund claims.

These steps will aid in preventing revenue leakage from the Goods and Services Tax (GST), which was implemented on July 1, 2017.

With effect from January 1, 2022, the Council agreed to alter Rule 59(6) of the Central GST Rules to specify that a registered person will not be allowed to file Form GSTR-1 if he has not filed the previous month’s return in Form GSTR-3B.

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Currently, the legislation prohibits businesses from filing a report for outward supplies, or GSTR-1, if they have not filed a GSTR-3B for the previous two months.

Businesses file GSTR-1 for a given month by the 11th day of the following month, but GSTR-3B, which is used to pay taxes, is filed in a staggered fashion between the 20th and the 24th day of the following month.

The GST Council has also made the Aadhaar authentication of GST registration essential for filing refund claims and applications for registration revocation or cancellation.

New GST registration denial have a serious impact on our economy 

With effect from August 21, 2020, the Central Board of Indirect Taxes and Customs (CBIC) has notified Aadhaar authentication for GST registration.

The announcement also stated that if a business does not give an Aadhaar number, GST registration will only be approved after a physical inspection of the business location.

Businesses will now be required to link their GST registration with biometric Aadhaar in order to claim tax refunds and apply for revocation or cancellation of registration, according to the Council.

In its 45th meeting, the Council, which consists of central and state finance ministers, also determined that GST refunds will be paid into the same bank account as the PAN used to get GST registration.

Swiggy, Zomato to collect 5% GST on deliveries, food not to be hesitating

Swiggy, Zomato to collect 5% GST on deliveries, food not to be hesitating

In its proposal, the GST Council accepted food supply applications such as Zomato NSE -2,92% and Swiggy as restaurants and levied 5% of GST on items it supplied. 

In the main, these applications will now be required to raise 5% GST or goods and services tax, as the Finance Minister, Nirmala Sitharama indicated on Friday night following the meetings of the Council, from customers instead of the restaurant from which they pick up orders.

The end consumers who receive meals from GST registered restaurants would not have an extra tax burden. The fee will however plug unregistered establishments into tax avoidance.

These amendments will apply from 1 January 2022 to allow the operators of e-commerce to make improvements to their software to levy these taxes.

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“Transportation of passengers, by any form of the car (such as 1 January 2022), restaurants services offered through this services is liable to be taxed for e-commerce operators by some exclusions (such as 1 January 2022)” stated a statement of the Department of Finance on the GST Council decision.

“The decision to make food aggregators pay tax on restaurant supplies from 1 January 2012, despite the fact that they had collected food supply taxes to their clients, appears to have been founded on empirical underreporting data from restaurants. It is envisaged that when the restaurant is registered, the impact on the end consumer will be neutral. For unregistered supplies, a GST of 5% may be applicable; “Mahesh Jaising said Deloitte India Partner.

“Typically, the proposal can be put into practice in two ways. Option 1 would charge GST to the food aggregator and not charge GST to the eatery. This is comparable to cab aggregators, and the restaurant would have to have 2 different invoicing systems under this option –

one for supplies at the restaurant and one for supplies via aggregators.

Option 2, GST may continue to be charged by restaurants and the food aggregator is treated as a supplier (and buyer). This would have the same effect as in Option 1, as the tax collection from the food aggregator. The difference was that the food aggregator would have to claim credit “He added. He added.

According to estimations, Rs 2,000 crore in the previous 2 years has been the tax loss to be paid for alleged under-reporting in the food supply aggregates.

New GST registration denial have a serious impact on our economy

The GST presently lists these apps as Tax Collectors at source (TCS).

One of the factors that led to the drafting of such a proposal was that Swiggy/Zomato had no obligatory registration check and that these apps provided unregistered restaurants.

New GST registration denial have a serious impact on our economy

GST – New Registration Niggles, Impact & Road Map ahead!

There have been numerous frivolous questions recently posed by officials involved when businesspeople are applying for GST Number registration. There are a few instances below.

1. Sponsors – Residential Address – Others. 1. (Please specify) – LATITUDE AND LONGITUDE PROVIDE DETAIL: There is, indeed, no facilities available on the GST site for the personal address of the partners to input such latitude and longitude when applying to register.

2. Authorized Representative – Authorized representative – Others (specify please) – Details ALL WITH ENROLMENT ID. In other circumstances, this question was posed, even if the applicant clearly chose No against an authorised representative.

3. Aadhaar Authentication – E-KYC Documents – Aadhaar Authentication Status. Give E-KYC physicians to someone who has failed or has not tried authentication: The fact is that in some circumstances, even though the applicant had already completed the authentication of aadhar through OTP, this question was presented.

4. Business details – Your Business details – other information (Please specify) – CERTIFICATE UPLOAD SHOP OR MSME CERCIPHICATE OR ANY OTHER BUSINESS PROOF. In fact, before applying for GST registration in accordance with the legal provisions provided for in the GST Act, such registration does not need to exist.

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5. Authorized representative – Authorized representative – other representatives authorised representatives (Please specify) – CHILDREN PROVIDE REPRESENTATIVE DETAILS OF CA DETAILS (NAME, MEMBERSHIP NUMBER, OFFICE ADDRESS ETC.) SELF ATTED COPY OF IDENTITY Proof and Registry Number With Proof Application LETTER, SELF ATTESTED

6. Main business location – address – other business location (Please specify) – RUNNING OR PRESENT DOWNER AND GSTN NUMBER ITS FIRM NAME AND GSTN DOWN PLEASE DESCRIBE ANY

7. Main business centre – Ownership nature – Others (Please specify) – UPLOAD CLEAR, FULL RENT and ADHAR CARD, UPLOAD LEGAL OWNERSHIP PROOF OF PROPERTY LATEST INDEX COPY, LATEST TAX BILL COPY, AADHAR Cards. – All of the LED ATTACHMents and PAN cards. In fact, for such essential papers, the GST portal allows only 100 KB up to 1 MB and demands very high-resolution uploads at the same time.

8. Goods and services – Goods details – Goods details – state how long you or any other individual have been in this business for many years. If another person describes the relationship with this individual and his or her UPLOAD KYC WITH PHOTOGRAPH and has more to decide which merchants you are going to acquire, and to whom you are going to sell them? Describe the name and GST number of two or three parties. The fact is that no information is necessary to obtain the GST registration in accordance with the GST Act.

These are just a few of the silly questions. For additional such queries, you can search social media or any tax professional should have noticed these questions in what app group talks today as well.

Our economy may have a negative impact as country’s “ease of doing business” position could be reduced due to such barriers to simply registering taxes.

What should the GST Council do quickly?

1. In the case of multiple pages documents such as partnership deed, rental deed, etc., and up to 2 MB, permitted documentation to be uploaded in order to make the GST registration available must be increased to at least 5 MB. 1.

2. Website arrangement must be done in a manner that the official cannot generate any queries on that point at all if the authorised representative tab is responded “No” by the application.

3. The arrangement must be created on the website in such a way that the applicant cannot generate an inquiry at that stage if the aadhar authentication is carried out successfully by the applicant.

The deadline for filing tax returns extended to December 31.

4. Draft and include in the system a standard query list. Approval must be granted at least at the level of the Assistant Commissioner for any question made by officers beyond the usual list. It will lead to a more adequate task fixing and will assist avoid asking for certain unnecessary concerns.

5. In the issuance of such registrations it should also continue to attempt to control the possible corruption and guarantee that real registrations are provided without undue delay or harassment.

Not just decorative phrases must be “Ease of Business” and “Minimum Government Highest Governance.”