GSTR-4

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Breaking: Due Date For Filing GSTR-4 Of FY 2021-22 Further Extended

Vide Notification No. 12/2022- Central Tax Dated 5th July 2022, the CBIC has extended due date for filing GSTR-4 of financial year 2021-22 to 28th July 2022. Notification States: In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the …

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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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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 …

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GST PORTAL UPDATE

GST Important Advisory: Filing of Annual returns by composition taxpayers – Negative Liability in GSTR-4

Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4Background: Since FY 2019-20, composition taxpayers has to pay the liability through Form GST CMP-08 on quarterly basis while GSTR-4 Return is required to be filed on annual basis after end …

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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 as under for the kind reference of taxpayers and professionals: (1.) Waiver of interest and late fee to normal taxpayers (filing return on monthly or …

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Tax Concept'

Tax Concept’s Letter to Hon’ble Prime Minister for Serious Issues Regarding GST

Tax Concept’s Letter to Hon’ble Prime Minister for Serious Issues Regarding GST Date : 11.10.2020 Ref.: TC/20-21/1 To, Hon’ble Prime Minister, Government of India, New Delhi Subject : To attract your kind attention on Serious Issues regarding GST Hon’ble Sir, GST was introduced in India to simplify the Indirect Tax Structure and to promote Ease …

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Golden Opportunity for Non Filers of GSTR-4 and GSTR-10

GOLDEN OPPORTUNITY FOR NON FILERS OF GSTR-4 AND GSTR-10

Golden Opportunity for Non Filers of GSTR-4 and GSTR-10 As CBIC has provided relief in late fees for filing of GSTR-4 and GSTR-10 (If return has been filed between 22.09.2020 and 31.12.2020), this is golden opportunity for non filers of GSTR-4 and GSTR-10. Complete details of this relief with notification are as under: (1.) Relief …

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