The Goods and Services Tax Network (GSTN) consistently releases advisories detailing new functionalities and updates to improve the GST portal. These enhancements aim to upgrade functionalities and introduce new options for taxpayers. Here’s a detailed summary of the recent advisories issued by GSTN during April-May 2024:

GSTN Advisory on Enhancement in GST Portal

GSTN has announced an enhanced version of the GST portal, set to be available from midnight on May 3, 2024. This upgrade promises an improved user experience, better access to information, and easier navigation. The key improvements include:

• News and Updates: Timely updates and important news directly on the portal.
• User Interface Improvements: A more intuitive and user-friendly design.
• Updated Website Policy: Clearer policies and guidelines for users.

For a visual preview of these enhancements, visit the GST Revamped FO Portal Screenshots.

Source: GSTN Advisory dated April 26, 2024.

Information from Manufacturers of Pan Masala/Tobacco/Related Products – Special Procedure to be Followed

In accordance with Notification No. 04/2024 – Central Tax dated January 5, 2024, the government has mandated specific information from taxpayers dealing with pan masala, tobacco, and related products. Effective from April 1, 2024, the special procedure requires:

• Form GST SRM-I: Registration and disposal of machines.
• Form GST SRM-II: Monthly information on inputs and outputs.

The GSTN portal now facilitates the registration of machines through Form GST SRM-I. Taxpayers dealing in these products should promptly use this facility. Form GST SRM-II will also be available on the portal soon.

Source: GSTN Advisory dated May 16, 2024.

Launch of E-way Bill 2 Portal

The GSTN has announced the launch of the E-way Bill 2 portal by the National Informatics Centre (NIC), effective from June 1, 2024. This portal initially offers the critical services of the E-Way Bill system, with plans to extend it further. Key features include:

• E-Way Bill Generation and Updates: Independent functionality for creating and updating E-Way Bills.
• Web and API Modes: Provides both web-based and API-based operations for ease of access.
• Criss-Cross Operations: Allows updating Part-B of E-Way Bills across both the main and E-Way Bill 2 portals. This feature is particularly useful during technical issues or other exigencies.

Users can log in to the E-way Bill 2 portal with their credentials from the main portal. This new portal ensures high availability and runs parallel to the main E-way Bill portal, providing robust support and continuous service.

Source: GSTN Advisory dated May 28, 2024.

Conclusion

The recent advisories from GSTN highlight its ongoing commitment to improving the taxpayer experience and facilitating compliance. With enhancements to the GST portal, streamlined procedures for specific industries, and the introduction of the E-way Bill 2 portal, navigating the GST landscape is now more efficient and user-friendly. Staying updated with these developments is crucial for taxpayers to maintain compliance and leverage available resources optimally.

For more detailed updates and guidance, visit our website www.laudablelegalsolutions.com and stay informed about the latest GSTN advisories.