Advisory regarding non-editable of auto-populated liability in GSTR-3B Jun 7th, 2025 1.GST Portal provides a pre-filled GSTR-3B, where the tax liability gets auto-populated based on the outward supplies declared in GSTR-1/ GSTR-1A/ IFF. As of now taxpayers can edit such auto populated values in form GSTR 3B itself. 2.With introduction of form GSTR 1A, taxpayer … Read more
The Supreme Court of India recently dismissed a review petition in the Safari Retreats case on May 21, 2025. This decision upheld its earlier ruling from October 3, 2024, which stated that buildings constructed for services like renting or leasing could be considered a “plant,” making them eligible for Input Tax Credit (ITC) under GST. … Read more
India’s gross GST collections surged by 16.4% in May, reaching over ₹2.01 lakh crore. This impressive growth follows April’s record-breaking collection of ₹2.37 lakh crore, indicating strong and consistent revenue generation. Key Figures from May’s Collections: Compared to May 2024’s mop-up of ₹1,72,739 crore, these figures represent a substantial year-on-year increase. Net GST Mop-Up and … Read more