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...
Annual return GSTR-9 is much awaited amongst all the suppliers in GST regime due to the belief that all the errors or omission committed during the financial year can be rectified in the annual return i.e. GSTR-9.
I) Annual GST Return GSTR-9, 9A and 9C – Provisions under CGST Act, 2017: 1. Section 35(5): Every registered person whose turnover during a financial year exceeds the prescribed limit shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of the audited annual accounts, the reconciliation […]
Issue of Credit notes is an age old practice in business environment. They are issued by supplier to buyer for the sales return transactions. In GST there will be a tax component in each & every taxable supply transaction. When there is a supply of goods or services, supplier is liable to pay GST on such transactions.
CBIC extends the time limit for furnishing the declaration in FORM GST ITC-04, in respect of goods dispatched to a job worker or received from a job worker or sent from one job worker to another, during the period from July, 2017 to September, 2018 till the 31st day of December, 2018. Time limit for […]
CBIC hereby notifies the persons whose registration under the said Act has been cancelled by the proper officer on or before the 30th September, 2018, as the class of persons who shall furnish the final return in FORM GSTR-10 of the said rules till the 31st December, 2018. The taxpayers whose registration has been cancelled […]
On account of apprehensions by trade & industry relating to last date for availment of ITC for the period July 2017 to March 2018 & with a view to give more time for the same, the last date for furnishing GSTR-3B for Sept., 2018 is being extended up to 25th Oct.2018. Relevant Notification is as […]
Request to extend the due date of filing of GSTR 3B for the month of September’ 2018 till 31st December 2018, so that the ITC of FY 2017-18 can’t lapsed and further to make it in tune with due date of filing of Annual Return as mentioned in provision of sec. 16(4) OR in alternate would be pleased to forward before GST Council.
The much-awaited forms in form 9 series, form 9 and 9-A has been notified vide notification 39/2018 dt 4th Sep 2018.This enables the taxable persons to compile the data with a reconciliation of financials and for the auditors to prepare themselves about the approach. Now lets go through in detail with Annual return under GST. […]
Basic checklists before proceeding for GST annual return filling
The Institute of Chartered Accountants of India Suggestions on GST Annual Return form- September, 2018 Suggestions on Form GSTR- 9 1. General Issue : Issue A : The information in GSTR-9 , Table 4, 10 & 11 instruction indicate data “May be” taken from GSTR-1, however, table headings uses the word as declared in the […]
