The Goods and Service Tax Network (GSTN) has enabled the new feature to select Core Business Activity enabled on GST Portal. Just, the Goods and Services Tax Network (i.e., GSTN) has introduced a new feature namely ‘Core Business Selection’. Vide the feature; the registered taxable person is required to select the core business activity in […]
Recently, by enacting the provision to section 50(1) and making it effective prospectively, the matter of interest on delayed payment of GST again gained the limelight. However, some illumination has been done vide the press release dated 26th August 2020. The current article tries to explain the hierarchy of actions taken in the matter, analysis the current position […]
For the first time, in the 40th GST Council meeting held on 12th June 2020, the council recommended late fee reduction/ waiver with respect to delay in filing Form GSTR-3B for the earlier period. The relief will help clear the backlog of returns and impart some working capital relief to the taxpayer in current pandemic situation. Interestingly, after the […]
Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February 2020 as under. Notifications will follow. Group 1: Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana, […]
Status of Annual Return filed till date 28/01/2020 as per GST Tech Twitter Handel.
Taxpayers may kindly note that the last date of filing Annual Return in FORM GSTR-9 and GSTR-9C for 2017-18 is 31.01.2020.
GSTN On Dated 28.01.2020 Shared Annual Return Daily Filing Report January 2020.
GST is a trust based taxation regime wherein the registered dealer is required to self- assess his returns and determine tax liability. Audit has been defined in section 2(13) of the CGST Act, 2017 and it means the examination of records, returns and other documents maintained or furnished by the registered person under the GST Acts or […]
REPRESENTATION FOR EXTENSION OF DUE DATE FOR FILING OF ANNUAL RETURN IN FORM GSTR-9, 9A, 9B AND AUDIT REPORT IN FORM GSTR-9C. “REPRESENTATION There is sufficient cause and need for the extension of filing of Annual Forms GSTR-9, 9A, 9B and 9C for a reasonable period of time to give justice to the correctness of returns, considering the need for reconciliations state-wise. The […]
Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.0 crore*. *CBIC has notified the increase to the threshold limit […]