📝 RBI eases curbs on NBFCs as compliance improves after supervisory actions
📝 Aerospace firms gird for protectionism under Trump, says Airbus CEO
📝 Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers
📝 Emami targets Rs 1,000 crore revenue from Smart & Handsome in 3-4 years
📝 Climate change puts India's rice and wheat output at risk of 6-10% decline
📝 NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps
📝 Aggressive pricing for Exim Bank's $1 bn debt hints at another robust year
📝 SAIL supplies 45,000 tonnes of steel for upcoming Maha Kumbh Mela
📝 Keystone Realtors sale bookings up 40% to Rs 863 crore in Q3 on high demand
📝 Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL
📝 Envision bags 1GW wind, first 320 MWh BESS orders from Juniper Green Energy
📝 BP partnership to boost ONGC revenue by $10.3 billion over 10 years
📝 India added 24.5 GW solar and 3.4 GW wind capacity in 2024, sets new records
📝 Fast paced growth of top end models jack up Mercedes’ average selling price in 2024
📝 HDFC Securities surpasses Rs 25,000 crore in mutual fund AUM
📝 Fintech Tide looks to onboard 10 lakh MSMEs by 2025-end, launch new solutions
📝 India has potential to increase organic products' exports to Rs 20,000 cr in 3 years: Piyush Goyal
📝 Bankruptcy Court admits Oban Fashions under insolvency resolution
📝 US pharma major Eli Lilly and Co plans to establish new GCC in Hyderabad
📝 Govt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL
📝 Microfinance business shrinks in Q2 as delinquency rates surge
📝 Tata Motors group global wholesales up 1 pc at 3,41,791 units in Q3
📝 Jupiter International to invest Rs 6,500 cr on capacity expansion
📝 Ultra luxury homes demand at new peak in 2024 with sales of 59 units for Rs 4,754 cr: Anarock
📝 Indian Hotels Q3 update: Tata Group company reports opening of 40 new hotels
📝 Mutual fund folios hit 22.5 crore in Dec; SIP inflows exceed ₹26K crore
📝 Policybazaar and insurer partners join hands for elderly support services
📝 E-way bill generation rebounds in December, signalling supply chain recovery
📝 International alcohol cos seek $466M in unpaid debts from Telangana govt: Report
📝 FPIs resume selling spree in Jan, pull out nearly ₹12K cr from Indian stocks
📝 Tepid Q3 earnings outlook spells more pain for Indian companies
📝 Auto Sector Q3 Results Preview: Expect modest revenue, profit growth for OEMs
📝 Swiggy to launch standalone app for quick commerce arm Instamart
📝 Govt to sign mining pact with Mongolia to source copper and coking coal
📝 Realty companies' Q3 to be mixed, followed by an action-packed Q4
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✅ Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
https://www.gst.gov.in/newsandupdates/read/570
Jan 9th, 2025
After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period January 2025. In this phase manual entry of HSN has been replaced by choosing correct HSN from given Drop down. Also, Table-12 has been bifurcated into two tabs namely B2B and B2C, to report these supplies separately. Further, validation regarding values of the supplies and tax amounts involved in the same, have also been introduced for both the tabs of Table-12. However in initial period these validations have been kept in warning mode only, which means failing the validation will not be a blocker for filling of GSTR-1& 1A. To view the detailed advisory please click here
Thanking You,
Team GSTN
✅ Enabling filing of Application for Rectification as per Notn. 22/2024-CT, dtd. 08/10/24, 2024
https://www.gst.gov.in/newsandupdates/read/568
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