About GSTR-2B | (Auto drafted ITC Statement) GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, 5 (non-resident taxable person) and 6 (input service distributor). It…
GSTR-4 ( Quarterly for FY 2017-18 & 18-19) (Annual from FY 2019-20) Due date of GSTR-4 for Financial year 2019-20 is 31st August, 2020 ( Notification No. 59/2020-Central Tax dated July 13, 2020) An EXCEL based offline tool has been provided on GST portal for…
In a major move towards GST taxpayers facilitation, the Government has decided to provide the facility of SMS filing of NIL statement of FORM GSTR-1 from 1st week of July 2020. The Central Board of Indirect Taxes and Customs (CBIC) said that the filing of…
Types of Returns and Registered Person in GST | All GST Returns In this Article we shall be reading about types of registered persons in GST and compliance requirements for them. Following mentioned are the types of persons GST Regular Registered Person A person not…
GST Portal has enabled GST Returns to be filed via EVC for all type of entities, now GST Returns of LLP and Private Limited Companies can be filed Via EVC Mode as well. Snapshot of functionality available on portal.
GST and Taxation for MSMEs: In order to simplify the compliance procedure further for GST-registered businesses, the 31st GST Council meeting proposed a new return system. GST and Taxation for MSMEs: The Goods and Services Tax (GST), was introduced as a single, straightforward tax…
Interest Liability for Form GSTR-3B for different class of taxpayers Taxpayers whose Turnover upto 1.5 Crore in preceding FY Taxpayers whose Turnover more than 1.5 Crore and upto 5 Crore Taxpayers whose Turnover more than 5 Crore in Preceding FY Group 1 and…
The Goods and Services Network (GSTN) has permitted over 1,700 tax officers from different states and union territories (UTs) to work from home with the help of a secure virtual private network (VPN) facility during the lockdown period. GSTN is the IT backbone of…