Declaration of HSN code for goods & SAC codes for services
Declaration of HSN code for goods & SAC codes for services The decision to mandatory declare the HSN code for goods and the SAC code for services was taken in [Read More…]
GST
All you need to know about opting in or out of the QRMP scheme
All you need to know about opting in or out of the QRMP scheme What needs to be done by the taxpayers who were migrated by default to the QRMP [Read More…]
When GSTR 1 will be blocked?
When GSTR 1 will be blocked? The Government had restricted the generation of e way bill if the taxpayer whether a consignor or a consignee had failed to furnish the [Read More…]
GST Due Dates Calendar
GST Due Dates Calendar Notes ⇒ Group A States & UTs – Chhattisgarh, Madhya Pradesh, Gujarat, Daman & Diu, Dadra & Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshwadeep, Kerala, Tamil Nadu, [Read More…]
Revised Due Dates under Income Tax & GST
Revised Due Dates under Income Tax & GST Considering the hardships faced by taxpayers due to the outbreak of Novel Corona Virus {COVID-19}. The Government of India has notified [Read More…]
Late fees for GSTR 9 & GSTR 9C
What is the late fees for delay in furnishing GST Annual Returns? Form GSTR- 9 If Form GSTR-9 is not furnished within the due date then the late fees will [Read More…]
Quarterly Returns & Monthly Payment System
Quarterly Returns & Monthly Payment System Salient Features of QRMP Scheme ⇒ Registered persons whose annual aggregate turnover is up to Rs. 5 crores in the preceding financial year will [Read More…]
Quarterly Return Monthly Payment Scheme
Quarterly Return Monthly Payment Scheme Background GST Council in its 42nd meeting held on 05.10.2020 recommended to allow taxpayers having turnover of up to Rs. 5 Crore to furnish return [Read More…]
Due Dates of Income Tax and GST
Due Dates of Income Tax and GST Note 1: – Interest u/s 234A shall be charged from the date of the original due date of return if the tax liability [Read More…]
Monthly GSTR 1
CBIC notifies the due date for GSTR 1 for monthly filers for the FY 2020-21.
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 December 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…]