GSTR 3B

Important GST & Income Tax Weekly Newsletter dt. 24.07.2021

Goods and Services Tax - In this Volume of GST & Corporate Tax Weekly Newsletter dated 17.07.2021, I bring to you highlights of recent updates, important judgments of last week &Compliance Calendar for the upcoming week in the field of indirect taxation and direct taxation to keep you abreast of all the latest happenings. 1. GST Updates CBIC clarifies on...

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Check List for Scrutiny of Books for Tax Audit Purpose

Goods and Services Tax - Check List for Scrutiny of Books for Tax Audit Purpose For Assessment Year 2021-2022 Step 1: Check and Verify the opening Balances of each ledger as per previous year signed Balance-sheet a) Is there any difference in Opening Balance Yes/No b) If there is any difference, as stated in (a) above, kindly fill the details: […]...

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How to Calculate 5% Provisional ITC in Form GSTR-3B

Goods and Services Tax - Availment of ITC Credit for the Month of June-2021-How to Calculate 5% Provisional ITC in Form GSTR-3B as per the CGST Rule 36(4) Rule 36(4) restricts the availment of input tax credit beyond 5% of the ITC reflected in Form GSTR 2A/2B. However, as per Notification No. 13/2021-CT dated 1st May 2021 as amended by […]...

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Memorandum to Finance Minister on GST Problems

Goods and Services Tax - Hon. Madam, if some other problems related to GST are solved after considering it seriously, then not only will it be easy for the taxpayers to comply with this tax, but this tax will also be able to play an important role in the development of the Indian economy....

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GST Department Stepping up the Heat on Assesses

Goods and Services Tax - COVID pandemic subsiding and GST Department Stepping up the Heat on the Assesses With COVID pandemic subsiding, the activities of GST department with regard to the scrutiny of the data filed for the year 2017-18 have increased. The GST assessees are getting communications from the GST department along with system generated excel files sho...

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Chart of Late fee waiver for delay in filing Form GSTR-3B returns

Goods and Services Tax - The Government, vide Notification No. 19/2021, dated 1st June, 2021, inter alia, has waived the late fee payable, in excess of amount as specified in the Tables, as given below: (Note: Please refer to respective State/UT Notifications for waiver of State/UT tax). A. For the registered persons who have failed to furnish the return in F...

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Chart of Waiver of GST interest & late return filing fee

Goods and Services Tax - Waiver of interest and late fee for normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers (Part 1 & Part 2) Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May, 2021, vide Notn. N...

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GST Amnesty & Relaxation – 10 Things to Know

Goods and Services Tax - Ministry of Finance Government of India Recommendation of 43rd GST Council Meeting GST Amnesty Scheme to provide relief to the GST Taxpayers 1. Late fee for non-furnishing of returns in FORM GSTR-3B for the tax periods from July, 2017 to April, 2021 has been reduced as under : Category of Taxpayers Maximum amount of Late […]...

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Relief measures for taxpayers under GST in view of COVID-19

Goods and Services Tax - In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak of the second wave of COVID-19 pandemic, the Government has issued notifications, all dated 1st May, 2021, providing various relief measures for taxpayers. These measures are explained b...

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Relax GST Compliance dates, due to Outbreak of Covid 19

Goods and Services Tax - The Western Maharashtra Tax Practitioners’ Association has written a letter to FM and expected  Urgent Relaxation in GST Compliance due to Outbreak of Covid19 again in whole country.They requested that Due Dates For March 2021 Of All GST Returns be extended, OTP Based GST Return Filing And Other Compliance, Should Be Allowed For All Ki...

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HC Stays order denying ITC due to GSTR 2A/3B mismatch

Bharat Aluminium Company limited Vs Union of India and others (Chhattisgarh High Court) - M/s. Bharat Aluminium Company limited Vs Union of India and others (Chhattisgarh High Court) Learned counsel for the petitioner would submit that the notice was served on petitioner vide Annexure P-1 dated 01.07.202020 wherein an Input Tax Credit as claimed by the petitioner was 95464.59 lakhs and 2...

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HC directs GSTN to allow petitioner to rectify GSTR-3B return

Deepak Print Vs Union of India (Gujarat High Court) - To issue any direction to the respondents by which a registered person can edit any error if occurred during submitting/offsetting the ITC and before filing of the GSTR-3b return...

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SC Stays Delhi HC order which allowed GSTR-3B rectification

Union Of India Vs. Bharti Airtel Ltd. & Ors. (Supreme Court) - Union Of India Vs. Bharti Airtel Ltd. & Ors. (Supreme Court) Hon’ble Supreme Court has stayed Delhi High Court  Order in the case of Bharti Airtel Limited Vs Union of India & Ors. by which High Court allowed Form GSTR-3B rectification. Matter will list in the first week of March, 2021...

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Madras HC permits re-submission of Form GSTR-3B

Sun Dye Chem Vs The Assistant Commissioner (ST) (Madras High Court) - Sun Dye Chem Vs Assistant Commissioner (ST) (Madras High Court) A registered person who files a return under Section 39(1) involving intra-State outward supply is to indicate the collection of taxes customer-wise in monthly return in Form GSTR-1 and the details of tax payment therein are auto popula...

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Blocking of the e-credit ledger – Mismatch of GSTR-2A and 3B

Goyal Iron And Steel Traders Vs Assistant Commissioner Palam Division CGST Delhi South & Ors. (Delhi High Court) - Goyal Iron And Steel Traders Vs Assistant Commissioner Palam Division CGST Delhi South & Ors. (Delhi High Court) High Court directed to decide the matter by way of a reasoned order where the electronic credit ledger was blocked citing a mismatch in the Input Tax Credit claimed in GSTR-3B and t...

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Central Goods and Services Tax (Fifth Amendment) Rules, 2021

Notification No. 27/2021–Central Tax [G.S.R. 371(E)] - (01/06/2021) - CBIC Seeks to make amendments (Fifth Amendment, 2021) to the CGST Rules, 2017 vide Notification No. 27/2021 – Central Tax-  Dated 1st June, 2021 to give effect to Recommendations of 43rd GST Council Meeting. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect...

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Late fee for delay in filing FORM GSTR-3B waived/rationalizd

Notification No. 19/2021-Central Tax [G.S.R.363(E)] - (01/06/2021) - CBIC rationalizes late fee for delay in filing of return in FORM GSTR-3B and provided conditional waiver of late fee for delay in filing FORM GSTR-3B from July, 2017 to April, 2021 for specified taxpayers and specified tax periods vide Notification No. 19/2021 – Central Tax-  Dated 1st June, 2021...

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Late GST return : Interest rate lowered for March to May 2021

Notification No. 18/2021-Central Tax [G.S.R.362(E)] - (01/06/2021) - CBIC provides relief by lowering of interest rate for a specified time for tax periods March, 2021 to May, 2021  for late filing of monthly/quarterly returns in Form GSTR-3B or PMT-06 challans as well as for late filing of statement in Form CMP-08 by the composition tax payers vide Notification No....

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Extended due date chart for various GST Compliances

Advisory No. 469 - (04/05/2021) - Extension in dates of various GST Compliances for GST Taxpayers Government has extended the dates of various compliances by Taxpayers under GST, through Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021. The details are summarized below: Filing of Fo...

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CBIC extends due date for IFF to 28th May & amends rule 36(4)

Notification No. 13/2021- Central Tax [G.S.R. 309(E)] - (01/05/2021) - Notification No. 13/2021- Central Tax Dated: 1st May, 2021 – Conditions provided in Rule 36(4) shall apply cumulatively for the period April and May, 2021 and The return in FORM GSTR-3B for the tax period May, 2021 shall be furnished with the cumulative adjustment of input tax credit for the s...

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Recent Posts in "GSTR 3B"

Important GST & Income Tax Weekly Newsletter dt. 24.07.2021

In this Volume of GST & Corporate Tax Weekly Newsletter dated 17.07.2021, I bring to you highlights of recent updates, important judgments of last week &Compliance Calendar for the upcoming week in the field of indirect taxation and direct taxation to keep you abreast of all the latest happenings. 1. GST Updates CBIC clarifies on...

Read More

Check List for Scrutiny of Books for Tax Audit Purpose

Check List for Scrutiny of Books for Tax Audit Purpose For Assessment Year 2021-2022 Step 1: Check and Verify the opening Balances of each ledger as per previous year signed Balance-sheet a) Is there any difference in Opening Balance Yes/No b) If there is any difference, as stated in (a) above, kindly fill the details: […]...

Read More

How to Calculate 5% Provisional ITC in Form GSTR-3B

Availment of ITC Credit for the Month of June-2021-How to Calculate 5% Provisional ITC in Form GSTR-3B as per the CGST Rule 36(4) Rule 36(4) restricts the availment of input tax credit beyond 5% of the ITC reflected in Form GSTR 2A/2B. However, as per Notification No. 13/2021-CT dated 1st May 2021 as amended by […]...

Read More

Memorandum to Finance Minister on GST Problems

Hon. Madam, if some other problems related to GST are solved after considering it seriously, then not only will it be easy for the taxpayers to comply with this tax, but this tax will also be able to play an important role in the development of the Indian economy....

Read More

GST Department Stepping up the Heat on Assesses

COVID pandemic subsiding and GST Department Stepping up the Heat on the Assesses With COVID pandemic subsiding, the activities of GST department with regard to the scrutiny of the data filed for the year 2017-18 have increased. The GST assessees are getting communications from the GST department along with system generated excel files sho...

Read More

Creation, Saving, Payment of Taxes & Filing of Form GSTR-3B Return | Manual

Manual > Creation, Saving, Payment of Taxes & Filing of Form GSTR-3B Return How can I create, save, pay taxes and file Form GSTR-3B return? Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these […]...

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Updated FAQs on GSTR 3B Return under GST Regime

Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. A normal taxpayer is required to file Form GSTR-3B returns for every tax period....

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Preparing reconciliation of GSTR 2B with Books of accounts for preparation of GSTR 3B

Filing of GSTR 3B is considered to be the simplest return form by the Government as it might include reporting of only 7 Figures i.e. Sales + Output IGST /CGST/SGST and Input IGST/CGST/SGST. Further the same is auto populated in GSTR 3B, based on GSTR 1 and GSTR 2B.  Any manual modification in auto populated/system […]...

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GST Amnesty (?) Scheme for providing relief in late fees for pending GSTR 3B

In 43rd GST Council meeting held as on 28th May 2021, council has declared an Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns. The same is notified through Notification No. 19/2021 – Central Tax dated 1st June 2021. The scheme is wide enough to cover the tax period from 1st […]...

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Recovery Order of ITC due to mis-match in Form GSTR-3B and GSTR-2A stayed

HC has granted stay on Recovery Order passed by the Revenue Department, denying Input Tax Credit (ITC) to the Company due to mis-match in two return forms i.e. Form GSTR-2A and Form GSTR-3B, on a condition of deposit of 5% of the demand by the Company....

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