Attention GST Taxpayers Who Are Not Under QRMP Scheme
Attention GST Taxpayers who are not under QRMP Scheme. Today is the last date to file your monthly GSTR-3B Return for the month of December, 2021. Late filing of GSTR-3B...
GST System mistake in calculating late fee, now giving notice of dues to businessmen
Due to a new exploit of GST Network (GSTN), businessmen are facing new problems. GSTN made a mistake in calculating the late fee charged from the traders in the past....
Alert For Taxpayers Who Are Under QRMP Scheme in GST
Attention Taxpayers who are under QRMP Scheme in GST. Today is the last date to file your GSTR-1 Return for the quarter October, 2021 to December, 2021. If you will...
Very Good News For GST Taxpayers. Know Details Here
Good news for GST taxpayers is that government is launching interest calculator in GSTR-3B Return very soon which will calculate accurate head-wise interest on late payment of tax. Return filing...
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Latest GST News, Information, Notifications & Announcements [Period 20/12/21 to 26/12/21]
Latest GST News, Information, Notifications & Announcements 1. CHANGES IN HSN CODES AS PER HS-2022 w.e.f 01.01.2022: The WCO has announced the New (Seventh) edition of HSN - HS-2022 w.e.f...
Alert: Difference in GSTR-1 And GSTR-3B May Become Costly From New Year
The GST department is going to take strict action on those people who make mistakes in giving their tax information. GST authorities can take direct recovery action from January 1...
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Latest GST News, Information, Notifications & Announcements [Period 13/12/21 to 19/12/21]
1. Clarifications Regarding E-commerce Operators Liable To Pay GST On Restaurant Services: CBIC clarified that the e-commerce operators are liable to pay GST on restaurant services. The GST Council in...
Attention GST Taxpayers! Last due date for filing under this category
Attention GST Taxpayers who are not under QRMP Scheme! Due date to file your monthly GSTR-3B Return for the month of November, 2021 is December 20, 2021. Filing of GSTR...
![Latest GST News, Information, Notifications & Announcements [Period 06/12/21 to 12/12/21]](https://i0.wp.com/taxconcept.net/wp-content/uploads/2021/12/WhatsApp-Image-2021-12-13-at-2.49.05-PM.jpeg?fit=768%2C402&ssl=1)
Latest GST News, Information, Notifications & Announcements [Period 06/12/21 to 12/12/21]
New Functionalities On GST Portal: Registration: – A functionality has been introduced for taxpayers to withdraw their application for cancellation of registration, filled in Form REG-16Effective date of Suspension will be...
Alert: GST Department is Sending Recovery Emails To Those Who Have Filed Returns And Taken ITC Claim After Due Date
The GST department is sending mails to dealers who have filed GST returns and taken Input Tax Credit (ITC) after the due date, asking them to pay ITC along with...
How To Deal With ITC Difference Between GSTR-2A and GSTR-3B (Part-1)
CA Dr. Arpit Haldia has released a video on you tube to let us understand about how to deal with ITC difference between GSTR-2A and GSTR-3B and what is the...
GST Department Is Issuing Notices For Mismatch In Input Tax Credit
We all know that CBIC had allowed mismatch of 20%, 10% and 5% for the difference between ITC as available in GSTR-2A/ 2B and the ITC as claimed in GSTR-3B...
Supreme Court Reverses The Decision of Delhi High Court In The Case of Bharti Airtel Ltd.
The Delhi High Court [W.P. (C) No. 6345 of 2018 dated May 05, 2020] had allowed Bharti Airtel Ltd. to rectify GSTR-3B Return for the period July 2017 to September...
Today is Most Important Due Date For Monthly Filers of GSTR-3B Return. Know Why
Today (i.e. 20th October 2021) is the last date for filing monthly GSTR-3B Return for September 2021. It is most important to note that today is also the last date...
Removing Doubts: What is The Actual Due Date for Claiming ITC of FY 2020-21
Almost all taxpayers and professionals are thinking that last date for claiming ITC of FY 2020-21 is 20th October 2021. But it is not correct. To understand this, let read...
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...
Good News: Madras High Court Directed GST Department to Provide Facility to File Revised Form TRAN-1 on GST Portal
In the case of Bharat Electronics Limited vs Commissioner of GST & Central Excise, Madras High Court has directed GST department to provide facility to file revised form TRAN-1 on...
GST Breaking: CBIC Waives Off Late Fees and Interest for One Day Due to Glitches in GST Portal
CBIC has tweeted on 20th September 2021 that: A few taxpayers have reportedly faced difficulty in the updation of their Electronic Cash Ledger on September 20, 2021 while filing their...
Business Concept’s Daily E-News Letter- 20th September 2021. Only for TC VIP Users
Business Concept's Daily E-News Letter- 20th September 2021 Please Click on News Heading to Read Full News Note: Only TC VIP Users can Access It For New User- More information,...
Read! Who Will Not be Able to File GSTR-1 From Next Year
GST Council in its 45th meeting, has recommended that Rule 59(6) of the CGST Rules 2017 to be amended w.e.f. 01.01.2022 to provide that a registered person shall not be...
11 Decisions of GST Council Which Every Professional Should Read
GST Council, in its yesterday's meeting, has taken many decisions relating to important aspects of GST. Here is the compilation of 11 decisions which every professional should read: (1.) Relaxation...
GST Insights: Important Developments in Law at GST Portal
Implementation of Rule-59(6) on GST Portal Rule-59(6) of CGST Rules, 2017, inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in filing of GSTR-1 in certain cases....
GSTN Issues Update on Implementation of Rule 59(6) of the CGST Rules on GST Portal
Rule-59(6) of CGST Rules, 2017; inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in filing of GSTR-1 in certain cases : a) a registered person shall...
A Thread on 25 Problems in GST
CA Harshil Sheth tweeted about 25 current problems in GST: ITC restrictions in 36(4) and 16(2)(aa). ITC Denial of utilizing u/r 86B. ITC reversal due to 180 days Non-payment. No...
GST Webinars on recent functionalities related to Returns, Ledgers and Payments deployed on GST Portal
GSTN has recently implemented certain new functionalities on the GST Portal related to Returns, Ledgers and Payments. For creating awareness amongst all the stakeholders, GSTN is holding webinars, as per...
GSTN Shares Insights on Important Changes Related to QRMP Scheme Implemented on the GST Portal for the Taxpayers
Few important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers are as given below:A.Auto population of GSTR-3B liability from IFF and Form GSTR 1 : A...
Compilation of Reliefs Provided in GST Compliance as well as GST Payment in the Wake of Second Wave of COVID-19
As Indian businesses are severely affected from the second wave of COVID-19, the government has provided reliefs in GST compliance as well as payment. The compilation of these reliefs are...
New features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP Scheme
The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized below. Auto...
Due dates for filing of Form GSTR-3B from the Tax Period of January, 2021 : Team GSTN
1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No 82/2020 – Central Tax, dated 10th Nov., 2020, has revised Rule 61 of the Central Goods and Services...
Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for Taxpayers in QRMP Scheme
With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis. They also have an option to file B2B invoice details in Invoice Furnishing Facility (IFF) for months 1 and 2 (eg. Jan and Feb) of the quarter in order to pass on the credit, whereas the remaining invoices have to be declared in the Quarterly Form GSTR-1 of Month 3 (e.g. March).