Reading Time: < 1 minuteGovernment of India, vide Notification No. 29/2020 – Central Tax, dated 23rd March, 2020, had staggered filing of Form GSTR-3B, for the tax periods of April to September, 2020. The due dates for filing of GSTR-3B returns for tax period of September, 2020, are as given below: Sl. No Taxpayers with aggregate turn over (PAN based)
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Reading Time: 2 minutesGST Annual Return 2018-19 , CBIC has issued a press release regarding clarification on Annual Return (GSTR-9) and Reconciliation Statement (GSTR 9C) for FY 2018-19 GST Annual Return 2018-19 stating that the taxpayers are required to report only the values pertaining to Financial Year 2018-19, 2017-18 Vide notification No. 69/2020 – Central Tax, dated 30.09.2020,
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Reading Time: 3 minutesGST Council Meet, The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of
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Reading Time: 2 minutesAnnual Return GSTR 9, after considering the worsening condition of corona pandemic, The Central Government has provided some relief to the taxpayers, Most of Tax Professionals were demanding the extension of at least three months for all kind of return falling due on 30th Sept 2020 but the relief is given for only one month
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Reading Time: 2 minutesMatching Offline Tool, Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register An offline tool has been made available to the taxpayers to match Input Tax Credit (ITC), as auto populated in their Form GSTR-2B, with their purchase register. This tool will help the taxpayer to compare their ITC
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Reading Time: 2 minutesDelinking of Credit Note, The De-linking of original invoices and credit and debit notes has been implemented on the common portal. This amended was made vide CGST amendment Act, 2018 w.e.f Feb 01, 2019. However, the same is incorporated on September 14, 2020, on the portal. Till now, original invoice number was mandatorily required to
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Reading Time: 2 minutesGST-n-You Creative Contest, Goods and Services Tax Network invites creative entries in form of videos (animation, tutorials, short-films etc.) of 30-120 seconds or static graphics on the various recent initiatives and reforms on GST, like following List:- GST – One nation, one tax, one market, GST and reduced taxes on MSMEs, GST and automated compliance,
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Reading Time: 4 minutesGST e-invoice system, As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN). After following above ‘e-invoicing’ process, the invoice copy containing inter alia, the IRN (with
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Reading Time: 2 minutesRecent Changes in GSTR3B, GSTN has informed that Recent Changes in GSTR3B filing has been made for easier filling, System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values
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Reading Time: 2 minutesGSTR4 Annual Return, The GSTR- 4 form is the annual return form for the taxpayers who have opted for GST Composition scheme in the new indirect tax system, The taxpayers will also have to file CMP-08 for the payment in every quarter of the year. The due date for each CMP-08 filing is 18th of
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