CMP-08

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Breaking: Government Extends Due Date For Filing CMP-08 For 1st Quarter Of FY 2022-23

Vide Notification No. 11/2022- Central Tax Dated 5th July 2022, the CBIC has extended due date for filing Form GST CMP-08 for the first quarter of financial year 2022-23 (i.e. 1st April 2022 to 30th June 2022) to 31st July 2022. Notification States: In exercise of the powers conferred by section 148 of the Central …

Breaking: Government Extends Due Date For Filing CMP-08 For 1st Quarter Of FY 2022-23 Read More »

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GST Council Gives Big Relief To GST Composition Taxpayers

Waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22 and extension of due date for filing FORM GST CMP-08 for Q1 of FY 2022-23: (1.) To extend the waiver of late fee under section 47 for delay in filing FORM GSTR-4 for FY 2021-22 by approximately four more weeks, i.e. till …

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Advisory on Revamped Search HSN Code Functionality

Automatic Calculation of Interest in GSTR-3B and Other Upcoming GST Portal Related Updates. Read All Details Here

Important Upcoming GST System Enhancement Auto-Interest Computation in GSTR-3B/GSTR-5/CMP-08 Negetive Liability in GSTR-3B Changes in Tax liabilities and ITC Comparison Report Converting IGST Refund withheld cases at ICEGATE into RFD-01 Refund of GST paid on Advances but supplies not made Enabling EVC option even for Companies/LLP in registration module Geo-Spatial data Integration for taxpayers to …

Automatic Calculation of Interest in GSTR-3B and Other Upcoming GST Portal Related Updates. Read All Details Here Read More »

TAX

Read! How to Nullify the Amount in Negative Liability Statement Which is due to Table-6 of GSTR-4 Annual Return

How to proceed in case of negative liability: If table 6 of GSTR-4 has not been filled due to oversight, a ticket may be raised to nullify the amount available in negative liability statement. If there is no liability to be paid during the year, the liability paid through Form GST CMP-08 shall move to …

Read! How to Nullify the Amount in Negative Liability Statement Which is due to Table-6 of GSTR-4 Annual Return Read More »

GSTN Portal Started Showing Annual Aggregate Turnover for Previous Financial Year

GSTN Portal Started Showing Annual Aggregate Turnover for Previous Financial Year Recently, GSTN has launched many new features on GSTN portal. One of its feature is that GSTN portal is now showing aggregate annual turnover for previous F.Y. after logging in to portal. The screenshot of which is attached here : The methodology to calculate …

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