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CBIC waived/reduced late fees for late filing of GSTR-3B

The CBIC has waived/reduced late fees for the late filing of GSTR-3B returns for the period July 2017 to January 2020 CBIC has waived/reduced late fees for the late filing of GSTR-3B returns for the period July 2017 to January 2020 (Notification No. 57/2020, Dt. 30.06.2020) > If GST liability is Nil, and the GSTR-3B […]...

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Procedure For GST Registration | Section 25 | CGST Act 2017 |GST Series Part 17

The procedure for GST Registration covers under Section 25, Section 26 and Rule 8 to Rule 11 of CGST Rule 2017. Section wise / Rule wise analysis of registration procedure have been brought out in succeeding Paragraphs. 1. Requirements & Procedure for GST Registration Section 25(1) : Section 25(1) Every person who is liable to [&helli...

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GST Due Dates, Interest, Late fees and Other Aspects

Central Government provided conditional waiver of late fees on filing of Form GSTR-3B by the dates specified in Notification No 52/2020 dated 24.06.2020 & in Notification No 57/2020 dated 30.06.2020, beyond which the Late fees shall be charged from the Original Date of Return till the date of actual filing of Form GSTR-3B. Category of...

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Suo Moto GST Registration Cancellation to GST Revocation – Golden Opportunity

In this article, we will discuss the situations in which GST Registration will be suo moto cancelled by GST Officer and how these defaulting dealers can take benefits of this one time scheme for revocation of their cancelled GST....

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Is refund of waived late fee under GST possible?

The waiver of late fee has become a hot topic on social media now. Twitter is flooded with tweets to waive of the late fee on late filing of GSTR 3B from the inception of law. Recently, GST Council has released a press note stating that the “Issue of GST late fee for the past […]...

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Interest on Gross or Net Liability under GST?

Every legislature which contain the provisions for collection of taxes, duty or other amount also contains the provisions for interest on late payment or non-payment of such amount. Just like other legislatures, GST act also contains the provision for levy of interest on delay or non-payment of GST. However, quantum of interest to be levi...

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Comparative Analysis of Indirect Tax regime in India & Singapore

The tax system in India was very complex in nature, but post GST implementation the process has become smoother. It is inclusive of all indirect tax which helps in eradicating the cascading effect of tax as a whole. Tax structure in India is a three tier federal feature, which is made by central government, state […]...

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Section 54 – Refund of tax- CGST Act 2017

Simplified GST Series- Refunds- Section 54/CGST ACT 2017 Refund under GST in simplified manner –Part -1 Section 54 – Refund of tax (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before the expiry of two years […]...

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GSTR-3B Nill Filing Through SMS

GST Have enrolled new option of Filing GSTR-3B Now  you can be filed as a nil return if there are no Sales(outwards Supply) and Purchase (Inward supply) in the  month. This form can be filed Nil in offline mode (by SMS). Nil GSTR-3B can be file for a tax period if you. Have NOT made […]...

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Filing NIL GST Return through SMS

In order to ease the process of filing of GST Returns, the Government has initiated the facility of SMS Services through which NIL GST Returns can be filed without logging to the GST Portal. Facility for GSTR 3B has already been available since 8th June 2020 and facility for GSTR1 will be available from 1st […]...

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