GST ANNUAL RETURN

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Breaking: These Taxpayers Are Not Required To File GST Annual Return For FY 2021-22

Vide Notification No. 10/2022- Central Tax Dated 5th July 2022, the CBIC has exempted taxpayers having aggregate turnover upto Rs. 2 Crore in the Financial Year 2021-22 from filing GST Annual Return for the said Financial Year. Notification states: In exercise of the powers conferred by the first proviso to section 44 of the Central …

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Issue SCN Under GST in Time Bound Manner: Delhi Government

Issue SCN Under GST in Time Bound Manner: Delhi Government

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE & TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110002 No. F. 3(409)/GST/policy/2021/1054-1058 Dated: 04/03/2022 To, (i) All Special/Additional/Joint Commissioners (ii) All Ward In charges Subject- Issuance of SCNs in time bound manner- regarding. The Instruction No. 02/2021-22/GST-Investigational regarding issuance of SCNs in time bound manner …

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Breaking: Government To Announce Extension For GSTR-9 And GSTR-9C- Sources

Timsy Jaipuria has tweeted that: Sources to CNBC TV said that Government likely to announce extension of Due Date to file GSTR-9 and-9C for FY20-21 from 31st Dec to February 28, 2022. Notification likely soon. ATTN TAXPAYERS & CAs!Sources to @CNBCTV18Live Govt likely to announce extension of Due Date to file GSTR 9 and 9C …

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GSTR-9

Annual Return in GSTR-9 for FY 2020-21 is Now Live

GSTR-9 for FY 2020-21 has been enabled on the GST portal.  In case GSTR-9C (Reconciliation statement and Certification) is required to be filed, the same shall be enabled on the dashboard post filing of GSTR-9. Taxpayers with AATO upto Rs. 5 crores are not required to file the reconciliation statement in Form GSTR-9C for FY …

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Important Advisory on GSTR-9 Annual Return by GSTN

The taxpayers are advised to ensure that values are reported upto two decimal places in the GSTR-9 offline utility. The error “Error! Invalid Summary payload” after uploading the JSON created from the Offline Utility of GSTR-9 is reported due to reporting values upto three decimal places instead of two decimals.

Have you Reconciled Your Books with GST Returns? If Not, This News is For You!

Have you Reconciled Your Books with GST Returns? If Not, This News is For You!

Department has issued below circular prescribing Standard Operating Procedure (SOP) to be followed in case of suspension of GST Registration due to discrepancy between “GST payable and actual GST paid”. To protect yourself from this type of notice or suspension of registration, please reconcile your books with all GST Returns and pay short-fall in tax with interest. Remember that if you have not filed your GSTR-9/9C for relevant year, the details as available in GSTR-1/ GSTR-3B/ GSTR-2A will be final.

Changes in GST Rates From 1st January 2022:

Government extends due date for filing GST annual return for FY19 till Dec 31

The government has extended the due date for filing GST Annual Return in FORM GSTR-9 and GSTR-9A and Reconciliation Statement in FORM GSTR-9C for Financial Year 2018-19 from 31st October to 31st December, 2020. Filing of Annual Return (FORM GSTR-9 and GSTR-9A) for 2018-19 is optional for taxpayers who had aggregate turnover below 2 crore …

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