This article discusses how to track GST payment status and other problems you may face while filing. For a step-by-step guide on how to pay GST online, please visit our article.Steps to track GST payment status online before logging inStep 1- Visit the GST portal. To track payment, you do not have to login. On the Dashboard, go to the Services tab>>Payments>>Track Payment Status.Step 2- Enter your GSTIN and CPIN. Upon entering these details, you will be asked to enter the captcha code and proceed. Click ‘Track Status’.The payment status is shown as Paid or Not Paid. Step 3- The status of the challan gets displayed for your further action.Case 1: If the status is displayed as ‘PAID’In this case, the ‘View receipt’ button gets enabled, as shown below.The taxpayer can view and download the receipt, after clicking on the ‘View receipt’ button.You may click on the ‘Download’ button to download the receipt.Case 2: If status is displayed as ‘NOT PAID’.You can save an offline copy by clicking on the ‘Download’ button.Steps to track GST payment status online after logging inStep 1- Login to the GST portal.Step 2- Click on the ‘Services’ tab > ‘Payments’ section > ‘Challan History’ option.Step 3- Search by CPIN or by date.The list of challans and payment status gets displayed.Steps to Follow if GST Payment FailsIf the payment is ‘Failed / Not paid’ and the mode selected is e-payment, then the taxpayer can click on the ‘View Challan’ button, select the relevant bank, accept the terms and conditions and click on ‘Make Payment’ in order to make the payment again.Read more - How to Track GST Refund Status Online #inlineCTA-choosePlan{ display: flex; flex-direction: row; align-items: flex-start; flex-wrap: wrap; padding: 24px 0; border-top: 1px solid #C4C4C4; } #inlineCTAimage{ padding-right: 20px; } #CTAbody{ flex: 1 1 55%; } #inlineCTAhead{ color: #314259; font-size: 20px; font-weight: 700; padding-bottom: 8px; } #inlineCTAcontent{ font-size: 16px; color: #9092A3; font-weight: 400; } #inlineCTAbutton{ padding: 8px 24px; color: #1678FB; font-size: 16px; background-color: #FFF; border: 1px solid #1678FB; border-radius: 8px; font-weight: 700; text-decoration: none; 8px 0 10px; } #inlineCTAbutton:hover{ background-color: #1678FB; color: #fff; box-shadow: 4px 5px 10px rgb(0 0 0 / 14%); } @media only screen and (max- 600px){ #full-width-mob, #inlineCTAbutton{ 100%; } #inlineCTAhead { font-size: 19px; padding: 8px 0; } #CTAbody{ flex: 1 1 100%; } } India’s Fastest and Most Advanced 2B MatchingMaximise ITC claims, use smart validations to correct your data and complete 2B matching in <1 minuteStart Matching.

In this article, know the steps to manage already generated e-way bills (EWBs)/Consolidated e-way bills.Process to update Vehicle Number on EWBsVehicle Number is an optional field when generating the part-A of the e-Way Bill. But, e-Way Bill without a vehicle number is not valid for movement of goods. The e-way bill portal provides an option of updating vehicle number on the document. This option can be used in the following cases:Vehicle Number was not entered on generation of the e-Way Bill ORThe goods are shifted to another vehicle/conveyance during transit due to break down or transshipment.This option can be used many times for an e-way bill within its validity period. Note that no other details of e-way bills can be edited.

The GST Act 2017 has provision for demarcating different types of GST-related offences and respective penalties applicable for them. The GST Council in regular intervals make amendments to such provisions and add new provisions to the list of offences and penalties depending on evolving business realities. This article discusses Section 122 of the CGST Act as the section elaborates offences and penalties specific to each of those offences. Continue reading. What is Section 122 of the CGST Act?Section 122 of the CGST Act is about dealing with GST non-payments, excess input tax credit claim and incorrect documentation-related offences. For these offences, the Section recommends different monetary punishments, like paying tax dues with interests and penalties of different amounts based on the nature of the offences. As per the section, penalties vary with the nature and severity of the offence. The aim of the Section 122 is to discourage taxpayers from indulging in unlawful activities related to claiming of input tax credits, compliance related to GST documentations and fake invoicing.Provisions of Section 122 of CGST ActSections Offences under Section 122 of CGST Act Penalty under Section 122 of CGST ActSection 122(1) of CGST ActSupplying goods/services without issuing an invoice or issuing false invoices.Issuing invoices without any actual supply of goods/services.Collecting tax but failing to remit it to the government within three months.Failing to deduct or remit tax under Section 51.Failing to collect or remit tax under Section 52.Claiming input tax credit without receiving goods/services.Fraudulently obtaining tax refunds.Misusing or distributing input tax credit.Providing false financial records or documents to evade tax.Failing to register under GST despite being liable.Providing false registration details.Obstructing tax officers in their duties.Transporting taxable goods without proper documentation.Suppressing turnover to evade tax.Failing to maintain required books and documents.Providing false information or failing to furnish required documents.Supplying or storing goods liable for confiscation.Issuing invoices using another's registration number.Tampering with or destroying evidence or documents.Tampering with detained, seized, or attached goods.Higher of the below two amounts-1.

Over the last few decades, Indian supply chain management has grown significantly. With technological advancements and regulatory reforms, India is now a global hub for supply chains. In this article, we will briefly outline how the SCM in India has changed over the years and what it holds going forward.Evolution of Supply Chain Management in IndiaThe evolution began with traditional methods of merchandising, which included the use of horses, carts and boats to carry goods from one place to another. The industrial revolution in the 18th and 19th centuries had a major impact on India’s supply chain. It enabled more efficient movement and storage of goods through the introduction of steam engines, railways, etc.

Understanding the different types of supply chain management models and their unique characteristics is essential for businesses to ensure their operations are optimised, costs are less, and efficiency is higher. In this article, you will learn why supply chain models are important. You will also explore different types of supply chain management with examples to streamline your business operations.What are Supply Chain Models?Any business needs an efficient supply chain to succeed. Supply chain models play a major role in ensuring that success. They represent simple ways of organising various processes and stakeholders within a supply chain, and each model offers unique benefits. Why are Supply Chain Models Important?So, what makes supply chain models important? They assist businesses in streamlining their supply chain operations, which in turn leads to improved customer satisfaction, reduced costs, and eventually higher profits.

Few things that people consume every day are produced in the vicinity. This is the wonder of the global supply chain, but it is also proving to be an Achilles’ heel for market economies. The recent global pandemic, political unrest, and regional armed conflicts showed that supply chain resilience is the key to saving economies from unpredictable road bumps. To achieve that target, the foreign ministers of Australia, India, and Japan launched a trilateral Supply Chain Resilience Initiative, or SCRI. What is the supply chain resilience initiative (SCRI)?The Supply Chain Resilience Initiative (SCRI) is a formal agreement reached at a trilateral ministerial meeting, conducted virtually on 27th April 2021 between foreign ministers of India, Japan, and Australia. In that meeting, foreign ministers unanimously agreed that the COVID-19 pandemic and resultant worldwide restrictions on cross-border movements disrupted the global supply chain. They also acknowledged other factors that might disrupt sourcing from a specific country and jeopardise the stability of the world economy. So, it was decided to de-risk respective economies in the Indo-Pacific region by diversifying the sourcing of goods and services from any one country to multiple trading partner countries. The policy measures suggested in the trilateral virtual meeting are: Increased utilisation of emerging digital technologies to facilitate the supply chain's diversification process. Policy-level measures to promote and support trade and investment diversification actively from one or a few countries. Later along with initial signatories, 11 other countries signed an agreement to strengthen and de-risk the global supply chain in the Indo-Pacific region as part of the Supply Chain Resilience Agreement (Pillar 2) of the Indo-Pacific Economic Framework (IPEF) detailed in further section. What is the supply chain resilience concept?The concept of the Supply Chain Resilience Initiative (SCRI) is to move away from depending on any specific country for sourcing and towards diversifying sourcing from multiple countries and regions.

The bullwhip effect in the supply chain refers to the phenomenon of demand signals amplifying as they move through the supply chain. The bullwhip effect is central to the supply chain because it plays an important role in determining the efficiency of the supply chain and the cost of servicesWhat is The Bullwhip Effect in Supply Chain?The bullwhip effect in supply chain management is a phenomenon defined by the amplification of variability of orders as they flow in the supply chain compared to the variable of customer demand. This results in seasonal stock variations, which cause stock-outs or excessive inventory. On the other hand, small changes in customer needs may result in huge changes in orders from the suppliers. An MIT Sloan Management Review study reveals that this results in more wastage and increased supply chain costs.The term ‘Bullwhip Effect’ was coined from supply chain management, where oscillating and amplifying movements were observed, just like movement at the end of a bullwhip after a small flick at the handle.

The best way for any business to serve their consumers is to make their supply chain management a strategic priority. Now, you might be wondering what is supply chain management? In this article we will provide you with the supply chain management meaning and provide insights on its objectives, components, functions, and drivers. We will also share some best practices to help you manage your supply chain efficiently.What is Supply Chain Management (SCM)Supply chain management (SCM) is referred to as the coordination of all the steps involved in the making and delivering of products and services. It involves the planning, sourcing the raw materials, manufacturing the products and then shipping it to the customer. Supply chain management is also about making sure that all the operations run smoothly, the costs are low and customer satisfaction is achieved. Objectives of Supply Chain ManagementApart from the supply chain management meaning, let’s explore it’s objective and what makes it important for businesses: The primary objective of supply chain management is profitability.

Since the introduction of the GST (Goods and Services Tax), the taxation on construction contracts has become simpler. Earlier, there were numerous taxes imposed on construction services. The introduction of GST has eradicated taxes like service tax, excise duty, and VAT. You must have a lot of doubts regarding the GST on construction work. This article talks about all you need to know about GST on construction. Latest Updates on ITC3rd October 2024The Supreme Court clarifies GST input tax credit can be claimed on construction for rental services for commercial purpose.

e-Commerce has grown tremendously in India as more users are buying and selling items online, thanks to smartphones and internet connectivity. Under earlier tax laws, there was no clear treatment of online sales. GST has proper rules in place for e-commerce portals such as Amazon and their sellers.In this article, we will discuss the followingHow does an e-commerce sale work?Place of supplyInvoicinge-Commerce benefits both customers and sellersHow does an e-commerce sale work?Sellers register on the marketplace/e-commerce platforms such as Amazon. They then takes pictures of products and uploads along with descriptions and pricesBuyer orders the productIn most cases, items are shipped by the seller directly or through the e-commerce operator’s logistics centree-Commerce operator charges a subscription fees/commission on the sale and assists sellers in everything from the photography of goods to delivery and paymentPlace of supplyThe Place of supply of goods under GST defines whether the transaction will be counted as intra-state or inter-state, and accordingly levy of SGST, CGST & IGST will be determined. Wrong determination of place of supply will result in tax collection by the wrong state. For example, inter-state supply is wrongly treated as intra-state supply and CGST & SGST are filled instead of IGST.