Goods and Services Tax - In a significant move aimed at providing relief to taxpayers and simplifying compliance procedures, GST Council Meeting has recommended in its 50th Meeting the extension of several crucial amnesty schemes and relaxations. These measures, covering non-filers of certain returns, the revocation of registration cancellations, and assessment o...
Goods and Services Tax - Introduction: The Ministry of Finance’s Department of Revenue and the Central Board of Indirect Taxes and Customs have released a series of notifications (Notifications No. 18 to 26/2023- Central Tax on 17th July 2023) that extend the deadlines for the furnishing of several Goods and Services Tax (GST) forms. The period of several a...
Goods and Services Tax - Notification No. 02/2023-Central Tax Dated: 31/03/2023 Late Fees in case of Form GSTR-4 is restricted to Rs.500 if tax liability exits and waived off completely in case of NIL returns if the returns are filed between 01/04/23 to 30/06/23. Notification No. 03/2023-Central Tax Dated: 31/03/2023 Registered persons whose registration have bee...
Goods and Services Tax - Q.1 Can I file the complete Form GSTR-10 offline using Offline Utility? Ans. No. Filing of Form GSTR-10 can take place only online on the GST Portal. Using Offline Utility, you will be able to prepare details of Table 8A, 8B & 8C and Table 8D in the GSTR-10 Return only. Once you have uploaded […]...
Goods and Services Tax - 1. What is GSTR-10? GSTR-10 is the final return (Statement of Stock held at the time of Cancellation) to be submitted by the Taxpayers who has cancelled their registration by applying form REG-16 on GST Portal or ‘Suo Moto’ cancelled by the Department. 2. Latest Update on GSTR-10 waver of late fee: as per Notification [&hellip...
Goods and Services Tax - Introduction: The year 2023 brings a ray of hope for taxpayers with the extension of multiple tax amnesty schemes. These schemes offer a chance to rectify past non-compliance and clear late fees. Let’s delve into the details of these schemes and the benefits they bring. 1. Amnesty Scheme for Revocation of Cancellation of Registratio...
Notification No. 26/2023-Central Tax [S.O. 3192(E)] - (17/07/2023) - Central Government extends the amnesty for GSTR-10 non-filers till August 2023 vide Notification No. 26/2023 - Central Tax Dated: 17th July, 2023...
Notification No. 08/2023–Central Tax [S.O.1563(E)] - (31/03/2023) - Maximum late fees restricted to Rs. 1000 for Final Return in FORM GSTR-10 if GSTR-10 is furnished between 01.04.2023 to 30.06.2023 ...
Notification No. 26/2023-Central Tax [S.O. 3192(E)] - 17/07/2023
Notification No. 08/2023–Central Tax [S.O.1563(E)] - 31/03/2023