1. GSTN is pleased to announce the successful integtation of E waybill services with four new IRP pirtal via NIC, enabling taxpayers to generate E - waybills alongside on these four IRPS.
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advisory on payment of GST GSTN has issued an Advisory on Payment through Credit Card (CC)/Debit Card (DC) and Unified Payments Interface (UPI). To facilitate the taxpayer registered under GST with more methods of payment, two new facilities of payment have now been provided under e-payment in addition to net-banking. The two new methods are Cards and Unified Payments Interface (UPI). Cards facility includes Credit Card (CC) and Debit Card (DC) namely Mastercard, Visa, RuPay, Diners(CC only) issued by any Indian bank. Payment through CC/DC/UPI can be made through Kotak Mahindra Bank irrespective of CC/DC issued by any Indian bank. Other banks are in the process of integration. At present the facility is available in 10 states and remaining states are expected to join soon. Steps involved: (Source: GSTN Advisory dated 19.01.2024) GSTN Advisory on Bank Details GSTN has issued an Advisory for furnishing bank account details by registered taxpayers under Rule 10A of the Central Goods and Services Tax Rules, 2017.
All registered taxpayers are required to furnish details of their bank account/s within 30 days of the grant of registration or before the due date of filing GSTR-1/IFF, whichever is earlier. Taxpayers have been advised to promptly furnish their bank account details, who have not provided it so far if 30 Days period is shortly going to expire to avoid disruption in business activities and the subsequent suspension of GSTIN. GSTN is also developing a new functionality with following features: Failure to furnish bank account in stipulated time Revocation of suspension Cancellation of registration Taxpayers should take immediate action to provide the necessary information and avoid any adverse consequences. (Source: GSTN Advisor dated 23.01.2024) Conclusion: In conclusion, the January 2024 updates from GSTN mark significant strides in
enhancing the GST portal’s functionality. Taxpayers must stay abreast of these changes, ensuring seamless compliance with the latest regulations. The proactive approach to new advisories and functionalities reflects GSTN’s commitment to simplifying tax processes and fostering a transparent and efficient tax ecosystem. Stay tuned for more updates as the GST landscape continues to evolve. *********
Read more at: https://taxguru.in/goods-and-service-tax/january-2024-gstn-updates-new-tables-payment-options-advisory-enhancements.html
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