Goods and Services Tax : In every taxation system the liability of tax payable by a person has to be determined and assessed. The GST law provides for vari...
Goods and Services Tax : Stay ahead with our comprehensive guide on Financial Year End GST Checkpoints for 2024. Dont miss critical compliances and avoid p...
Goods and Services Tax : Ensure a smooth transition to the new financial year by completing crucial GST tasks. Learn about reconciliations, ITC, RCM, refun...
Goods and Services Tax : Explore the benefits of GST Quarterly Return Filing for small businesses. Learn about reduced compliance burden, financial plannin...
Goods and Services Tax : Understand the Form GSTR-3B Return Filing Procedure for Normal Taxpayers, including how to login, navigate to Form GSTR-3B and dec...
Goods and Services Tax : Explore the case of Pradeep Kanthed v. Union of India where the Supreme Court issues notice to the Finance Ministry regarding the ...
Goods and Services Tax : CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers During th...
Goods and Services Tax : Sh. Milan Tiwari, Inspector of Chennai GST Zone had developed a Web-Application named as GST Doctor which is useful for efficient ...
Goods and Services Tax : All India Federation of Tax Practitioners requested Finance Minister to extend dates of compliances for the month of March, 2021 u...
Goods and Services Tax : Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 19-20 is more than Rs. 5 crore! File your Annual Return along w...
Goods and Services Tax : Read about the Bihar High Court's decision confirming the cancellation of GST registration due to non-filing of returns and the pe...
Income Tax : Ajit Kumar Khan Vs DCIT case at ITAT Ranchi clarifies that late filing fees for GST returns cannot be added summarily through inti...
Goods and Services Tax : HC held that it is not the object of GST law to curtail right of the assessee to carry out business. Further restored GST registr...
Income Tax : ITAT Chennai held that a small delay of 9 days in filing of an appeal condoned on the basis of reasonable cause as Chartered Accou...
Income Tax : Madras High Court directed the petitioner to file the pending GST returns thereafter the GST registration cancelled, on account of...
Goods and Services Tax : Advisory for Timely Filing of GST Returns 1. It has been observed that some taxpayers faced difficulty in filing GSTR-3B of March ...
Goods and Services Tax : CBIC reduces Annual Return Late Fee as follows vide Notification No. 07/2023–Central Tax Dated: 31st March, 2023 – A. for...
Goods and Services Tax : CBIC notifies Amnesty scheme registered persons in whose cases assessment u/s 62 of CGST Act has been done on or before 28.02.2023...
Goods and Services Tax : The Section 53 of CGST Act/RGST Act and Section 17, 18 of the IGST Act read with the Goods and Services Tax Settlement of Funds Ru...
Goods and Services Tax : With a view towards enhancing compliance through effective & standardized scrutiny of GST returns, the Board has been working towa...
Part A: While filing Form GSTR-9C on GST Portal, for issues related to using DSC, following is brought to your notice: General issues related to DSC : 1. It may be noted that only PAN based Class 2 or Class 3 DSC can be used on GST Portal by taxpayers. 2. In case you encounter […]
Key Features of New Returns as discussed in the GST Council’s 27th, 28th and 31st Meetings are as under: A. Monthly GST return: – All taxpayers (having previous year aggregate turnover exceeding 5 crore ) excluding small taxpayers and a few exceptions like lSD etc. shall file one monthly return. – Taxpayers opting for monthly […]
Point No.14 of Part IV of GSTR-9C provides for reconciliation of ITC declared in Annual Return (GSTR-9) with ITC availed on expenses as per audited Annual Financial Statement or books of account. The total ITC availed during the year has to be bifurcated on the basis of heads like purchases, freight/carriage, power and fuel, imported […]
Article discusses Basic Documents required for Annual Return Form GSTR 9 which includes Documents Related to outward supply for Annual Return Form GSTR 9, Documents Related to Inward supply (RCM Applicable) for Annual Return Form GSTR 9, Documents Related to Input Tax Credit for Annual Return Form GSTR 9, Documents Related to HSN Summary for […]
The Goods and Services Tax is now going to complete almost two years in our country. Hon’ble Prime Minister Sri Narendra Modi and Hon’ble Finance Minister Sri Arun Jaitley had taken a bold step and implemented this tax system in our country from 01st July’2017. This was indeed a difficult endeavor. Today, we have reached […]
Challenges faced by the Taxpayers & Tax Consultants on certain issues in filing of Annual Return i.e. Form GSTR-9 with their practical solutions. INSTRUCTIONS The last date for filing of Annual return in FORM GSTR-9 for the FY 2017-18 is 30th June 2019. The trade and industry have raised certain queries with respect to filing […]
GSTR-9C can be divided in two parts namely Part A and Part B. In Part A reconciliation of outward supplies and ITC as per audited Annual Financial Statement with details of Annual Return is to be given. Part B deals with certification of GST Audit Report.
The 31st GST Council meeting had settled on introducing a new GST return filing model on a trial basis. So as to ease the progress to the new GST return filing system, a transition plan has been worked out. Presently, there’s a major trial for the taxpayers having GST registration, and that is to migrate […]
GSTN has released the Prototype of Simplified GST Return Filing System. Highlights of the proposed system are as follows: √ Three Forms: Suppliers making B2B Supplies only: GST RET-1 (Normal) Suppliers making B2C Supplies only: GST RET-2 (Sahaj) Suppliers making B2C & B2B Supplies both: GST RET-3 (Sugam) √ Annexure of supplies (GST ANX-1) and […]
Tax Bar Association requested to resolve issues in filing of GSTR-9, 9A & GSTR-9C and extend due date for filing GSTR-9, 9A & GSTR-9C for the year 2017-18.
