Reading Time: < 1 minuteDue dates for GSTR-3B, Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 11th Nov., 2020, has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax periods from
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Reading Time: 2 minutesAuto-populated Form GSTR 3B, Now you can download Auto populated Form GSTR 3B in PDF format as GSTN has introduced Auto populated Form GSTR 3B (PDF) for the taxpayers, from the month of October 2020 onwards GSTN has earlier introduced Form GSTR-2B, a static statement with details of ITC available for a tax period, for
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Reading Time: 2 minutesCMP-08 through SMS, A Composition taxpayer may now file NIL statement in Form GST CMP-08 for a quarter, through an SMS, apart from filing it through online mode, on GST Portal. To file NIL Form GST CMP-08 through SMS, the taxpayer must fulfil following conditions: Taxpayer must be registered as composition taxable person (by filing
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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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