HomeAbout UsCapabilites
Services
Audit & Assurance
Financial Statement audit & attestationFinancial Reporting advisory
Advisory
Link 1Link 2Link 3
Tax
Link 1Link 2Link 3
Business Services & Outsourcing
Link 1Link 2Link 3

Service

Audit & Assurance

Tax & Regualtory

Advisory

Bussiness & Outsourcing

Audit & Assurance

Financial Atatement Audit & Attestation

Financial Reporting Advisory

Tax & Regualtory

Corporate Tax

Indirect Tax

Finacial Sector

Family Office,estate & succession Planing

Advisory

Mergers & acquisitions

Valuation

Due diligence

Corporate finance & investment banking

Start-up advisory

hgghhgdgfhhgd

IPO advisory

IT risk advisory & assurance

Sustainability & ESG

BFSI advisory

Management consulting

Business & Outsourcing

Finance & Accounting Outsourcing

Global Outsourcing

Compliance

Fund Accouting & Trust Accounting

Virtual CFO

Payroll

Services

Audit & Assurance
Tax & Regulatory
Advisory
Business & Outsourcing

Audit & Assurance

Financial Statement Audit & Attestation

Financial Reporting Advisory

Featured

What is the COSO framework?

September 24, 2024

Going Concern: What It Means for Your Business

August 8, 2024

Fraudulent Financial Reporting

June 19, 2024

Tax & Regulatory

Corporate Tax

Indirect Tax

Financial Sector  

Family, Office, Estate & Succession Planning

Featured

What is the COSO framework?

September 24, 2024

Going Concern: What It Means for Your Business

August 8, 2024

Fraudulent Financial Reporting

June 19, 2024

Advisory

Mergers & Acquisitions

Valuation

Due Diligence

Corporate Finance & Investment Banking

Start-up Advisory

Promoter Restructuring & Succession Planning

IPO Advisory

IT Risk Advisory & Assurance

Sustainability & ESG

BFSI Advisory

Management Consulting

Featured

What is the COSO framework?

September 24, 2024

Going Concern: What It Means for Your Business

August 8, 2024

Fraudulent Financial Reporting

June 19, 2024

Business & Outsourcing

Finance & Accounting Outsourcing

Global Outsourcing

Compliance

Fund Accounting & Trust Accounting

Virtual CFO

Payroll

Featured

What is the COSO framework?

September 24, 2024

Going Concern: What It Means for Your Business

August 8, 2024

Fraudulent Financial Reporting

June 19, 2024

Services

Services

Audit & Assurance
Tax & Regulatory
Advisory
Business & Outsourcing

Audit & Assurance

Financial Statement Audit & Attestation

Financial Reporting Advisory

Featured

What is the COSO framework?

September 24, 2024

Going Concern: What It Means for Your Business

August 8, 2024

Fraudulent Financial Reporting

June 19, 2024

Tax & Regulatory

Corporate Tax

Indirect Tax

Financial Sector  

Family, Office, Estate & Succession Planning

Featured

Invoice Management System (IMS) under GST

September 18, 2024

GST IMPORTANT ANNOUNCEMENTS via CIRCULAR NO. 230 to 233 dated. 11th Sept. 2024

September 18, 2024

GST IMPORTANT ANNOUNCEMENTS IN 54TH GST COUNCIL MEETING (September 9, 2024)

September 13, 2024

Advisory

Mergers & Acquisitions

Valuation

Due Diligence

Corporate Finance & Investment Banking

Start-up Advisory

Promoter Restructuring & Succession Planning

IPO Advisory

IT Risk Advisory & Assurance

Sustainability & ESG

BFSI Advisory

Management Consulting

Featured

TAXATION OF INFLUENCERS AND CONTENT CREATORS: THE NEW FRONTIER

June 24, 2025

Corporate Social Responsibility (CSR)

June 23, 2025

Compulsory Convertible Debentures (CCD) & Compulsory Convertible Preference Shares (CCPS)

July 29, 2024

Business & Outsourcing

Finance & Accounting Outsourcing

Global Outsourcing

Compliance

Fund Accounting & Trust Accounting

Virtual CFO

Payroll

Featured

LEAVE & LAW POLICIES FOR EMPLOYEES IN INDIA

May 9, 2024

SOCIAL SECURITY LAWS- PF & ESIC

April 20, 2024

SOX Compliances

January 6, 2023

Audit & Assurance
Financial Statement Audit & AttestationFinancial Reporting Advisory
Advisory
Mergers & AcquisitionsValuationDue DiligenceCorporate Finance & Investment BankingStart-up AdvisoryPromoter Restructuring & Succession Planning IPO Advisory IT Risk Advisory & AssuranceSustainability & ESGBFSI advisoryManagement Consulting
Tax & Regulatory
Corporate TaxIndirect taxFinancial sector  Family, office, estate & succession planning
Business & Outsourcing
Finance & Accounting OutsourcingGlobal outsourcingComplianceFund accounting & Trust AccountingVirtual CFOPayroll
Solutions
Multinational CorporatesIndian CorporatesStartups
BlogsBlogsCareersContact UsContact Us
Schedule a consultation

GST IMPORTANT UPDATES/ANNOUNCEMENTS FOR THE MONTH OF APRIL 2024

By
Team Bilimoria
May 6, 2024

The Remission of Duties and Taxes on Exported Products (RoDTEP) scheme

The Government’s RoDTEP scheme, aimed at reimbursing various embedded taxes and duties on exported products. Effective 11 March 2024, the scheme has been extended to Exports facilitated by Advance Authorization holders (excluding deemed exports) and EOUs. Key sectors such as Engineering, Textiles, Chemicals, Pharmaceuticals & Food Processing and many others stand to benefit from the measure. Additionally, there’s a commitment to extend this benefit to SEZ units, pending to the IT integration of SEZ with ICEGATE for seamless implementation.

Self-Activation for E-Invoicing

Taxpayers whose turnovers exceeded INR 5 crores in FY 2023-2024 are required to initiate e-Invoicing from April 1, 2024, or upon surpassing the threshold in subsequent years. Those who meet the criteria but are not yet registered can activate e-Invoicing themselves using the designated portals: e-Invoice IRP 3 to 6 or NIC IRP 1 & 2. Support is accessible through the GST Helpdesk at 1800-103-4786 or the Grievance Redressal Portal for problem resolution.

Reinitialization and Re-submission of GSTR-3B for certain taxpayers

Taxpayers have been notified about the opportunity to amend GSTR-3B returns due to disparities between saved and filed data in the GST system, particularly concerning Input Tax Credit (ITC) utilization and tax obligations. The Grievance Redressal Committee of the GST Council has opted to reset the affected returns for rectification. Only those taxpayers impacted received email alerts, urging them to complete the re-filing within a 15-day window. Support is available through jurisdictional tax officers or the GST grievance redressal portal for any challenges encountered during the re-filing process.

Auto-populate the HSN-wise Summary from E-Invoices into Table 12 of GSTR-1

GSTN has introduced a new functionality facilitating the automatic transfer of HSN-wise summaries from e-Invoices to Table 12 of GSTR-1 on the portal. This simplifies the process of incorporating HSN data directly from e-Invoices. Users are encouraged to cross-check the auto-populated data with their records before final submission. Any discrepancies or inaccuracies should be corrected manually or added to Table 12 prior to submission.

Other GST Updates

Extension of Due date of GSTR-1 for the period March 24: The government has extended the deadline for filing GSTR-1 for the month of March 2024 to April 12, 2024, for monthly taxpayers. This extension is in accordance with notification no. 09/2024 – central tax.

  • Key Judicial Pronouncements/Highlights:
  • The Madras High Court – The claim of Input Tax Credit (ITC) cannot be denied only because it was not claimed in the GSTR-3B returns. The High Court underscored the need for a thorough examination of all pertinent documents to ascertain ITC eligibility, rather than outright dismissal based on procedural shortcomings.

https://taxguru.in/wp-content/uploads/2024/02/Sri-Shanmuga-Hardwares-Electricals-Vs-STO-Madras-high-court.pdf

  • Bombay High Court – SCN issued to the Taxation Manager under Section 73 of the CGST Act for the employers wrong availment of an input tax credit is bad and illegal in as much as it seeks to impose a penalty under Section 122(1A) read with Section 137 of the CGST Act.

https://taxguru.in/wp-content/uploads/2024/03/Shantanu-Sanjay-Hundekari-Vs-Union-of-India-Bombay-High-Court.pdf

  • Madras High Court – GST is not leviable on hostel accommodation provided to college students and working women.

https://www.livelaw.in/pdf_upload/thai-mookambikaa-ladies-hostel-v-uoi-530545.pdf

  • Bombay High Court – IGST is not leviable under the reverse charge mechanism on the importer in respect of services provided by a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India to the customs station of clearance in India.

https://taxguru.in/wp-content/uploads/2024/04/Agarwal-Coal-Corporation-Pvt-Ltd-Vs-Assist.-Commissioner-of-State-Tax-Bombay-High-Court.pdf

  • AAAR West Bengal – GST is leviable on corpus/ sinking fund and electricity charges recovered by a Residents Welfare Association from its members.

https://taxguru.in/wp-content/uploads/2024/04/In-re-Prinsep-Association-of-Apartment-Owners-GST-AAAR-West-Bengal.pdf

Notifications

  • 07/2024 – Central Tax: The liability to pay interest on delayed payment of GST in Form GSTR-3B has been exempted for 4 specified GSTINs for the respective specified tax period/s.
  • 08/2024 – Central Tax: Notification No. 04/2024-Central Tax had prescribed a special procedure to be followed by registered persons engaged in the manufacture of specified goods (such as pan masala and certain tobacco products). This procedure will now come into effect from 15 May 2024 as against 1 April 2024.
  • 09/2024 – Central Tax & GSTN Advisory: For taxpayers filing monthly GST returns, the due date of filing Form GSTR-1 for March 2024 has been extended to 12 April 2024 (earlier 11 April 2024).

The Gross GST collections

  • The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at Rs 2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%).
  • After accounting for refunds, the net GST revenue for April 2024 stands at Rs 1.92 lakh crore, reflecting an impressive 15.5% growth compared to the same period of 2023.
  • Finance Minister attributed this surge to the strong momentum in the economy and efficient tax collections, with no dues pending on account of IGST (Integrated GST) settlement to the States.
  • GST compensation cess collections also hit an all-time high of Rs 13,260 crore.
    Introduced for five years to compensate States for revenue losses due to the 2017 switch to the GST regime, the cess is now being used to repay loans taken during the pandemic to compensate States amid a lockdown-triggered collapse in revenues.
  • Mizoram reported the highest growth at 52%, followed by Assam at 25%, and Delhi, Bihar, and Goa at 23% rise in revenues.

‍

Explore More

June 24, 2025

Team Bilimoria

TAXATION OF INFLUENCERS AND CONTENT CREATORS: THE NEW FRONTIER

In recent years, the rise of social media has given birth to a new and powerful profession: AN INFLUENCER What began as individuals sharing their personal lives, opinions, and talents online has now evolved into a full-fledged marketing industry. Influencers are people with a dedicated following on social media platforms like Instagram and YouTube who partner with brands to promote products and services in a relatable & authentic way. This form of marketing, known as influencer marketing, has gained immense attraction due to its ability to reach niche audiences and drive engagement.

Read More

June 23, 2025

Team Bilimoria

Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR) is outlined in Section 135 of Companies Act, 2013 and has been made mandatory for the companies following the specified criteria from April 1, 2014. CSR Activities were introduced with an intention to allow companies to contribute to the social, environmental, and economic development of the country.

Read More

Read All Blogs

BILiMORIA MEHTA & CO. is a leading Chartered Accountancy firm with a rich legacy of serving clients in India and internationally.

info@bilimoriamehta.com

+91 (22) 6697-2111

Company

  • About Us
  • Contact Us
  • Careers
  • Resources

Solutions

  • for Startups
  • for Indian Corporates
  • for Multinational Clientele

Solutions

  • Multinational Corporates
  • Indian Corporates
  • Startups

Services

  • Audit & Assurance
  • Tax & Regulatory
  • Advisory
  • Business & Outsourcing

Resources

  • Blogs
  • Regulatory Updates
© 2024 BILiMORIA MEHTA & Co. All Rights Reserved
Privacy PolicyTerms & Conditions