{"id":3333,"date":"2023-08-19T18:47:03","date_gmt":"2023-08-19T13:17:03","guid":{"rendered":"https:\/\/legaltax.in\/blog\/?p=3333"},"modified":"2023-08-19T18:47:03","modified_gmt":"2023-08-19T13:17:03","slug":"what-is-the-latest-update-in-gst-2023","status":"publish","type":"post","link":"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/","title":{"rendered":"What is the latest update In GST 2023"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">The Updates and news of GST must be captured by all the businesses for assuring timely and 100% compliance. Read this blog to learn about the most recent changes to GST returns and compliances, e-way bills, and e-invoicing systems from CBIC, GST Network, and GST Council\/portal.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#Latest_Update_in_GST_2023\" title=\"Latest Update in GST 2023\">Latest Update in GST 2023<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#July_28th_2023\" title=\"July 28th 2023\">July 28th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#July_11th_2023\" title=\"July 11th 2023\">July 11th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#June_12th_2023\" title=\"June 12th 2023\">June 12th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#May_26th_2023\" title=\"May 26th 2023\">May 26th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#May_16th_2023\" title=\"May 16th 2023\">May 16th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#May_11th_2023\" title=\"May 11th 2023\">May 11th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#May_10th_2023\" title=\"May 10th 2023\">May 10th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#May_6th_2023\" title=\"May 6th 2023\">May 6th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#April_13th_2023\" title=\"April 13th 2023\">April 13th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#March_31st_2023\" title=\"March 31st 2023\">March 31st 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#February_1st_2023\" title=\"February 1st 2023\">February 1st 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#January_12th_2023\" title=\"January 12th 2023\">January 12th 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/legaltax.in\/blog\/what-is-the-latest-update-in-gst-2023\/#January_4th_2023\" title=\"January 4th 2023\">January 4th 2023<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Update_in_GST_2023\"><\/span><a><\/a><strong>Latest Update in GST 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"July_28th_2023\"><\/span><strong>July 28th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">Via the official Twitter handle of the GST council it has been announced that the 51st GST council meeting will take place on 2nd August 2023, Wednesday via video conferencing. The GST council is expected to talk and accept the rules to implement the 28% GST levy on Online gaming, casinos and race courses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"July_11th_2023\"><\/span><strong>July 11th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">On July 11th 2023, the 50th GST council meeting took place. In that meeting a decision was shared to send implication for excess ITC claims in GSTR-3B matched to GSTR-2B above a certain limit through DRC-01C to explore responses. Further, the GST was constant at 28% on full face value on online gaming.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"June_12th_2023\"><\/span><strong>June 12th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">Beginning on July 15, 2023, the NIC would require taxpayers with an annual revenue of more than Rs. 100 crores to login using two-factor authentication.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"May_26th_2023\"><\/span><strong>May 26th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A fresh instruction has been issued by CBIC which is on Online scrutiny for FY 2019-20 onwards, in extension with already issued SOP for FY 2017-18 and 18-19.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"May_16th_2023\"><\/span><strong>May 16th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">Facility of filing GSTR-9 and GSTR-9C for Financial year 2022-23 has gone live on the portal of govt.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"May_11th_2023\"><\/span><strong>May 11th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">The department has launched the Automatic Return Scrutiny Module from FY 2019-20 to May 2023. The move is fixed at streamlining communication among the GST officers and taxpayers, thereby preserving a lot of attempts and time for the parties to conclude.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"May_10th_2023\"><\/span><strong>May 10th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>CBIC notified the sixth phase of e-challan. Hence, taxpayers with \u20b95 crore+ turnover in any financial year from 2017-18 onwards will be able to issue e-invoices from 1st August 2023.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"May_6th_2023\"><\/span><strong>May 6th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">The GST department has deferred the deadline of 7 days for reporting old e-invoices on the e-invoice IRP portal by three months. Furthermore, the department is yet to declare the fresh implementation date.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"April_13th_2023\"><\/span><strong>April 13th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">As per GST Network&#8217;s advisory dated 12th April 2023 and 13th April 2023, taxpayers with annual turnover equal to or above Rs 100 crore to report tax invoices and credit-debit notes to IRPs within 7 days from the date of invoice w.e.f. 1st May 2023 will be.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"March_31st_2023\"><\/span><strong>March 31st 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">The CGST Notification 02\/2023 to 08\/2023 issued on March 31, 2023 gives effect to the recommendations of the GST Council as follows-<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Late filers of GSTR-4, GSTR-9, GSTR-10, defaulters attracting section 62 (best judgment assessment) of the CGST Act and those applying for cancellation of canceled GST registrations Amnesty schemes valid till 30 June 2023 have been introduced. In REG-21.<\/li>\n\n\n\n<li>Risk based Biometric Aadhaar Authentication for Gujarat has been notified with effect from 26th December 2022 vide CGST Notification 05\/2023.<\/li>\n\n\n\n<li>The extension of limitation period for issue of order under section 79 (recovery proceedings) under section 168A has been extended for previous years.<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For the financial year 2017-18 &#8211; till 31 December 2023<\/li>\n\n\n\n<li>For the financial year 2018-19 &#8211; till 31 March 2024<\/li>\n\n\n\n<li>For the financial year 2019-20 &#8211; by 30 June 2024<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"February_1st_2023\"><\/span><strong>February 1st 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Update from Budget 2023-<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size\">Decriminalization of offenses and extension of composition schemes for e-tailers are some of the key features of Budget 2023.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-luminous-vivid-orange-color has-text-color\"><strong>Apply Now<\/strong><\/p>\n<cite><a href=\"https:\/\/legaltax.in\/gst-registration.php\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>GST Registration Online<\/strong><\/a><\/cite><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"January_12th_2023\"><\/span><strong>January 12th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">An automated drop action facility is available on the GST portal to cancel canceled GSTINs where taxpayers file pending GST returns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"January_4th_2023\"><\/span><strong>January 4th 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">On January 4, 2023 CGST notification 01\/2023 was expressed to envoy more powers vested with the Central Taxes Superintendent to Additional Assistant Directors in DGGI, DGGST and DG Audit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Updates and news of GST must be captured by all the businesses for assuring timely and 100% compliance. Read this blog [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the latest update In GST 2023 -<\/title>\n<meta name=\"description\" content=\"Now 4 months are left to go for the year 2024 we must know about the latest updates in GST 2023 step by step. 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