The GST Point

15/05/2026

ITR-1 & ITR-4 Filing Started!

Now available through Online & Offline Utilities.

File your return hassle-free with Chartered Adda
📞 9931665104

24/01/2026

🚨 Important GST Update for To***co Businesses 🚨

From 1st Feb 2026, GST on ci******es, pan masala & notified to***co products will be valued based on RSP (Retail Sale Price) — not just the transaction value.

📌 What this means for you:
✔️ GST is calculated on declared RSP
✔️ Tax amount is derived from RSP using the prescribed formula
✔️ In E-Invoice & GSTR-1:
• Report actual net sale value as taxable value
• Manually enter the RSP-based tax amount
• Ensure total invoice value = net sale value + RSP tax

⚠️ Incorrect reporting may lead to invoice rejections or compliance issues.

📊 Swipe through the graphic to understand the calculation & reporting flow clearly.

For clarifications or implementation support, feel free to DM 📩

14/05/2025

📢 𝐆𝐒𝐓 𝐔𝐏𝐃𝐀𝐓𝐄 – 𝐀𝐩𝐩𝐞𝐚𝐥 𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 𝐮𝐧𝐝𝐞𝐫 𝐖𝐚𝐢𝐯𝐞𝐫 𝐒𝐜𝐡𝐞𝐦𝐞 (𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏𝟐𝟖𝐀)
📅 Dated: May 14, 2025

GSTN has issued an advisory regarding the withdrawal of appeals linked to the Waiver Scheme under Section 128A.

🔹 If an Appeal Withdrawal Application (APL-01W) is filed before the final acknowledgment (APL-02), the system will automatically withdraw the appeal and update the status to "Appeal Withdrawn".

🔹 If the withdrawal is requested after the final acknowledgment is issued, it will be subject to approval by the Appellate Authority. Upon approval, the appeal status will also reflect "Appeal Withdrawn".

📌 As per the Waiver Scheme, no appeal should be pending with the Appellate Authority.

✅ In both scenarios above, once the status shows "Appeal Withdrawn", the compliance requirement is considered fulfilled.

🔍 While filing or updating your Waiver Application, taxpayers must upload a screenshot showing the appeal status as "Appeal Withdrawn".

Stay informed and update your systems/processes accordingly!
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05/05/2025

📢 GST Update: Important Changes in HSN Reporting in GSTR-1 from May 2025

The GSTN has announced Phase-3 of HSN Code validations in Table 12 of GSTR-1/1A, effective from May 2025 return period. Key highlights:
🔹 Mandatory HSN Reporting:
• AATO up to ₹5 Cr: 4-digit HSN codes required
• AATO above ₹5 Cr: 6-digit HSN codes required
• Manual HSN entry not allowed. Selection must be made only from dropdown.
• System-generated HSN description will auto-populate.
🔹 New Validations on Supply Values:
• Cross-validation between Table 12 and other B2B/B2C supply tables (4A, 5A, 6A, 7A, etc.)
• Initially, mismatch alerts will be in warning mode (filing allowed with warning).
🔹 Enhancements in Table 12:
• Separate tabs for B2B and B2C supplies.
• New “Download HSN Codes List” button for offline reference.
• Enhanced search feature in “My HSN Master” for easier selection.
🔹 Table 13 Reporting Made Mandatory:
• From May 2025, Table 13 (Details of Documents Issued) must be filled before return filing.
• Filing will not be allowed if Table 13 is left blank.

Stay informed and update your systems/processes accordingly!
📌 Follow The GST Point for more such GST updates and practical insights.

29/04/2025

🚨 𝐆𝐒𝐓 𝐔𝐩𝐝𝐚𝐭𝐞 – 𝐌𝐚𝐝𝐫𝐚𝐬 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 𝐑𝐮𝐥𝐢𝐧𝐠 𝐨𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐓𝐚𝐱𝐚𝐛𝐢𝐥𝐢𝐭𝐲 🚨

The Madras High Court has granted an injunction restraining the Revenue Department from passing orders based on Show Cause Notices (SCNs) issued over a five-year period, demanding GST on Corporate Guarantees (CG) provided by a company to banks on behalf of its associate entity.

While directing the assessee to participate in the proceedings before the Revenue, the Court prima facie observed that the retrospective application of tax may be bad in law.

The case involves financial years 2018-19 to 2022-23, during which the Bank Guarantee (BG) was renewed annually. The Court noted that the assessee's challenge is limited to the SCNs and not against Circular No. 204/16/2023-GST, which clarified the taxability of corporate guarantees.

𝑪𝒐𝒑𝒚 𝒐𝒇 𝒕𝒉𝒆 𝒐𝒓𝒅𝒆𝒓 𝒊𝒔 𝒂𝒘𝒂𝒊𝒕𝒆𝒅

Stay tuned for more updates. 📌

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24/04/2025

📢 𝐁𝐢𝐠 𝐔𝐩𝐝𝐚𝐭𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐒𝐓 𝐖𝐨𝐫𝐥𝐝!

Finally, the time has come! After nearly 8 years since the rollout of GST, the Government has officially notified the 𝐆𝐨𝐨𝐝𝐬 𝐚𝐧𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐓𝐚𝐱 𝐀𝐩𝐩𝐞𝐥𝐥𝐚𝐭𝐞 𝐓𝐫𝐢𝐛𝐮𝐧𝐚𝐥 (𝐏𝐫𝐨𝐜𝐞𝐝𝐮𝐫𝐞) 𝐑𝐮𝐥𝐞𝐬, 𝟐𝟎𝟐𝟓. 🏛️

This marks a major milestone in the GST framework, paving the way for structured dispute resolution under the new regime.

📝 Copy of the Rules is shared below.

https://egazette.gov.in/(S(bzcteagciltvkrmdvuebqcde))/ViewPDF.aspx

🔍 Stay tuned as we dive deeper into the key highlights, implications, and what this means for taxpayers and professionals alike.



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13/04/2025

𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐨𝐧 𝐓𝐚𝐛𝐥𝐞-𝟏𝟐 𝐨𝐟 𝐆𝐒𝐓𝐑-𝟏 𝐨𝐫 𝐆𝐒𝐓𝐑-𝟏𝐀

GSTN has implemented phase wise changes in Table-12 of GSTR-1 or GSTR-1A. For the same various advisories have been issued time to time, which are available on GST Portal. GSTN is going to implement Phase-III of Table 12 of GSTR 1 & 1A from April, 2025 tax period onwards. Which implies:

(1). Table-12 has been bifurcated into two tables namely B2B and B2C, to report these summary of these supplies HSN wise separately in corresponding table.

(2). Manual entry of HSN will not be allowed. Taxpayer will be able to choose correct HSN from given Drop down.

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15/03/2025

Hiring

10/01/2025

📌 GST Return Due date for December Month/Quarter has been Extended:

GSTR 1 Due Date:

-> Monthly GSTR 1 Due Extended to 13/01/2025

-> Quarterly GSTR 1 Extended to 15/01/2025

GSTR 3B Due Date:

-> Monthly GSTR 3B Extended to 22/01/2025

-> Quarterly GSTR 3B (Group A States) Extended to 24/01/2025

-> Quarterly GSTR 3B (Group B States) Extended to 26/01/2025

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20/11/2024

Due Date for GSTR-3B extended to 21st November for the month of October 2024 in Jharkhand and Maharashtra.

Contact for more Details @ https://wa.me/message/CUAFX7TV4LL4M1