Monthly GSTR 1
CBIC notifies the due date for GSTR 1 for monthly filers for the FY 2020-21.
Articles by CA Ankita Khetan
Quarterly GSTR 1
CBIC notifies the due date for GSTR 1 for quarterly filers for the FY 2020-21.
42nd GST Council Meeting Updates
42nd GST Council Meeting Updates 42nd GST Council Meeting was held on Monday,05th October 2020. The virtual meeting was held under the chairmanship of Finance Minister Nirmala Sitharaman. The [Read More…]
GST Annual Return Due Date for FY 2018-19 extended to 31st October 2020
GST Annual Return Due Date for FY 2018-19 extended The due date of furnishing the GST Annual Return (FORM GSTR 9,9A and 9B) and GST Audit (FORM GSTR 9C) for [Read More…]
Late fees capped for GSTR 10
Late fees capped for GSTR 10 GSTR 10 – Final Return GSTR 10 is the Final Return to be filed by the person who has surrendered the registration or registration [Read More…]
Late fees waived for composition taxpayers
Late fees waived for composition taxpayers Quarterly GSTR 4 GSTR 4 was the quarterly return (July 2017 to March 2019) to be filed by a taxpayer who has opted for [Read More…]
Sec 271A – Penalty for failure to keep or retain books of accounts, documents
Sec 271A – Penalty for failure to keep or retain books of accounts, documents Applicability of penalty u/s 271A Penalty us/ 271A is applicable only to certain specified persons for [Read More…]
Detailed Analysis of GSTR 2B
Detailed Analysis of GSTR 2B What is GSTR 2B? GSTR 2B is an auto-drafted static statement that will reflect the summary of the input tax credit which will be bifurcated [Read More…]
Interest on GST to be levied on net tax liability from 1st September 2020
Interest on GST to be levied on net tax liability from 1st September 2020 ⊗ As per the CGST notification no. 63 dated 25th August 2020 Section 100 of the [Read More…]
Inward Supplies in GSTR 4
Inward Supplies in GSTR 4 Is it mandatory to furnish inward details in GSTR 4(Annual Return)? YES, it is mandatory to furnish the inward details in GSTR 4 (Annual Return). Let’s [Read More…]
Why composition taxpayers are ignored?
Why composition taxpayers are ignored? Composition taxpayers constitute a large chunk of taxpayers in India under the GST regime. Considering the hardships faced by the Novel Coronavirus pandemic, CBIC has [Read More…]
Deduction under section 80TTB
Deduction under section 80TTB Deduction under section 80TTB in respect of interest income on deposits from a savings bank account for senior citizens was introduced in the Finance Bill, 2018 [Read More…]
Deduction under section 80TTA
Deduction under section 80TTA Deduction under section 80TTA in respect of interest income on deposits from a savings bank account was introduced in the Finance Bill, 2013. This section provides [Read More…]