who will tell the Govt, that Justice delayed is Justice Denied. one year has passed since the implementation of GST, during this one year government have issued many notifications and being the new law, both Govt and taxpayers have made many mistakes in GST . To rectify all these mistakes the return of September 2018 is their last chance.
Special Audit under GST helps the GST officers to take the assistance of chartered/ cost accountant to determine tax liabilities in complex cases. As a result, professional expertise of a chartered/ cost ensures the government interest in the lawful and legal way for safety.
A Representation is made to GST official and bring to their attention issues related Late Fees levied for delayed filing of GST Return, Separate Returns, No Provision for Revised GST Return, single return for small scale businessmen and composition dealers, Due Date for GST return filing, GST Refund & Claims, grace period for authentication of return […]
Concerns regarding last date by which everything wrongly done under GST can be undone and every thing which is not done can be done, are looming large midst the professionals facing heat at the crest of their tax audit assignments. This is a comparative view of different provisions of the GST law dealing with the subject so that a considered view , even it at cost of being fair and not correct, may be taken.
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 […]
Considering the first year of implementation of GST, major challenge is being faced by the Industry Inc in availing GST input tax credit (ITC) for the financial year 2017-18 after implementation of GST (i.e. July 2017 to March 2018) and lot of divergent views are floating with respect to the last date till which such […]
GSTBA has requested Finance Minister to extend the due dates for filing Form GSTR-1 and GSTR-3B. Last date of filing the Return GSTR -1 of October 2018 is 10th of November and filling of Form 3B and payment of tax is 20/11/2018 which are falling during Diwali.
While admitting a petition seeking interest / compensation for delay in both provisional as well as final refund of GST beyond stipulated period, the Gujarat High Court has issued notices to Centre, CBIC and GSTN.
It is humbly requested that the time limit to file GSTR-3B & GSTR-1 for the month/quarter of September 2018 may be extended to 31st January 2019 or the necessary amendments may be made in the provisions of section 16(4) and section 39(9) to allow the claim of input credit or to rectify the omissions till the due date to file the annual return or audit report.
In terms of Section 44(1) of the CGST Act, 2017, every registered person, other than an Input Service Distributor, a person paying tax under Section 51 (TDS deductor) or Section 52 (TCS collector), a casual taxable person and a non-resident taxable person, shall furnish an Annual Return for every financial year on or before the […]
