E-INVOICE:

E-Invoicing shall be applicable to the tax payers having aggregate turnover more than 10 crores
Every person whose aggregate turnover are exceeded 10 crores in any of the financial year from FY 2017-18 onwards must generate e-invoice w.e.f 01.04.2023
E-Invoices – only for supplies made to GST registered person or Exports.

LUT (Letter of Undertaking) – Exports / Supply to SEZs

Every person who export or supply to SEZs must furnish the LUT every year before making the export goods/ services of supply to SEZ without payment of GST.
The LUT must be filed on before 31.03.2023 for 2023-24 and it shall be valid for 2023-24.

OPTING OUT FOR COMPOSITION SCHEME:

If any regular Taxpayer intends to opt out for Composition scheme subject to condition of Composition Scheme for financial year 2023-24, it must be filed on or before 31.03.2023

ANNUAL RETURN -UNDER COMPOSITION SCHEME:

GSTR-4 Return for Composition Scheme under GST shall be filed on or before 30.04.2023.

OPT OUT FOR FORWARD CHARGE/ REVERSE CHARGE MECHANISHM -GOODS TRANSPORT

AGENCY (GTA):

If GTA intends to avail the option to pay GST under forward charge i.e (5% without availment of ITC or 12% with ITC) on the services supplied by it, GTA shall file Annexure V on or before 15.03.2023 for FY 2023-24.
If once above option utilised, it cannot be withdrawn during the year and will be applicable for whole FY.
Reference : Advisory on opting for GST payment under forward charge mechanism by GTA.

QRMP Scheme:

Last day to opt in/ opt out of QRMP Scheme is 30.04.2023 for Q1 (Apr -June 23)

ITC -04:

The Registered Person i.e Principle who sends goods for Job Work has to file ITC -04
If Turnover is less than 5 Crore, the due date is 25.04.2023 on yearly basis
If Turnover is more than 5 Crore, the due date is 25.04.2023 and 25.10.2023 on half yearly basis.

New Invoice Series:

For every new financial year 2023-24, as per Rule 46 (b), a New unique series for invoice shall be started by every GST Registered Tax Payers.