Is GST portal down today?

Gst.gov.in is UP and reachable by us.

Is GST site working?

Facility to File Returns of 2017 Has been Restored 06.08. 2020: The GSTN has restored the facility successfully to file, view, and download returns of the 2017 year. The taxpayers were facing errors while filing the previous period returns like GSTR 1 and GSTR 3B for FY 2017-18.06-May-2022

What is the use of Gstr 2B?

GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor).

Is GST a profit or income?

GST turnover is your business income (excluding certain sales), not your profit. Say you run an online clothing store. If you sell $80,000 worth of clothes in a year, you'd have to register for GST.20-Jan-2021

What are the changes in GST from April 2022?

1,40,885 crore of which CGST is Rs. 25,036 crore, SGST is Rs. 32,001 crore, IGST is Rs.Recent Updates In GST till 1st June 2022.

What are the new changes in GST 2022?

Amended GST Rates applicable from 18th July 2022

What are the 3 types of GST?

Currently, the types of GST in India are CGST, SGST, and IGST. This simple division helps distinguish between inter-state and intra-state supplies and mitigates indirect taxes. To learn more, read about these three different types of GST.

What is GST official website?

www.gst.gov.in

How much is the GST?

For the 2021 base year (payment period from July 2022 to June 2023), you could get up to: $467 if you are single. $612 if you are married or have a common-law partner. $161 for each child under the age of 19.02-Jun-2022

What is difference in 2A and 2B?

The GSTR-2A is a dynamic statement that gets updated whenever a taxpayer's suppliers file their GST return of outward supplies. On the other hand, the GSTR-2B is a static statement containing details of input tax credit only for a particular return period.18-Apr-2022

Can we take ITC as per 2A?

The matching of ITC should be done as per GSTR-2B and not GSTR-2A in terms of Rule 36(4). 6. Such amendment made effective w.e.f. 01.01. 2022 shall apply to all the ITC taken on or after 01.01.Guidance Note-Claim of ITC as per GSTR 2B.

Can we claim ITC more than 2B?

CGST Rule 36(4) is amended to remove 5% additional ITC over and above ITC appearing in GSTR-2B. From 1st January 2022, businesses can avail ITC only if it is reported by the supplier in GSTR-1/ IFF and it appears in their GSTR-2B. From 1st January 2022, ITC claims will be allowed only if it appears in GSTR-2B.23-Feb-2022

How can I avoid paying GST?

There are sneaky but clever ways to avoid the “Welcome Back! Pay Your GST Now!” trap once you come back from your overseas holiday.

Remove all new packaging. 1/5.
Ask your friends and family for help. 2/5.
Try to arrive on a morning flight. 3/5.
Only buy things on the exemption list. 4/5.
Be sensible. 5/5.

Can I claim GST back?

You can claim GST credits if the following conditions apply: You intend to use your purchase solely or partly for your business, and the purchase does not relate to making input-taxed supplies. The purchase price included GST. You provide or are liable to provide payment for the item you purchased.14-Feb-2018

Who gets GST refund?

You are generally eligible for the GST/HST credit if you are considered a Canadian resident for income tax purposes the month before and at the beginning of the month in which the Canada Revenue Agency makes a payment. You also need to meet one of the following criteria: you are at least 19 years old.15-Dec-2021

Is GST is increasing in 2022?

The long-awaited GST rate rise has been confirmed in the Singapore Budget 2022. The future rate rise had originally been announced in Budget 2018, but a phased approach is now confirmed with the rate of GST first increasing to 8% from January 1, 2023 and then to 9% from January 1, 2024.13-Mar-2022

Is GST 12% or 18 %?

The GST rates of 5%, 12%, 18% and 28% on goods, were affecting consumers with several pros and cons on services. However, services such as healthcare and educational services were excluded from GST. The passed GST rates slabs from the GST council consists of NIL, 5%, 12%, 18%, 28% rates on different services.22-Jul-2022

What is new GST rule?

New GST Rule: From October, there is going to be a big change in the rules of GST. Under this, businesses with a turnover of more than Rs 10 crore will have to generate an electronic invoice (E-Invoice) for B2B transactions from October 1.02-Aug-2022

What product is 18% GST?

What Falls Under the 18% GST Rate? Household products, including hair oil, toothpaste, shampoo, etc. All devices for length measuring by hand, like measuring tapes, callipers, etc.