GST New Rule: These GST rules will change from 1 November 2023..

A new update has come regarding GST (GST News) for big business companies. From November 1, companies with large businesses will have to upload receipts related to Goods and Services Tax (GST) on the portal within 30 days. This provision will be applicable to companies with a turnover of Rs 100 crore or more.

NIC gave information
The National Informatics Center (NIC), which operates the e-receipt portal of GST (GST News), has informed about this decision of the GST Authority in an advisory. According to this, the authority has asked to upload the receipt on the portal within 30 days from the date of issue.

The rule will come into effect from November 1
This deadline will be applicable to taxpayers with an annual turnover of Rs 100 crore or more (GST News). This system will come into effect from November 1, 2023.

CBIC can apply to all businessmen
Rajat Mohan, senior partner, AMRG & Associates, said that if this system is implemented smoothly, the Central Board of Indirect Taxes and Customs (CBIC) can later implement it for all GST taxpayers.

Mera Bill, Mera Adhikar scheme started on September 1
Let us tell you that the Mera Bill, Mera Adhikar scheme has been started by the Central Government from September 1. Under this scheme, the government will select 800 people every month. These will be those 800 people who will upload their GST bills online every month. These 800 people will be given a reward of Rs 10,000. At the same time, 10 such people will be selected, to whom the government will give an amount of up to Rs 10 lakh. Under the scheme (GST News), a bumper prize of Rs 1 crore will be drawn on a quarterly basis. This reward will be given to two people.

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