GST Articles

What will happen if you do not file your GSTR 3B returns

Posted by Narayan Agarwala 02 September 2021 15227 Views

Late fees is the first consequence you will face for non-filling of GSTR 3B. The late fees will increase everyday and will be automatically added to next month's GSTR 3B.

Cancellation Procedure of Registration under GST

Posted by RATANSINGH TANWAR 02 September 2021 7929 Views

The cancellation of GST Registration can either be initiated by the department on their own motion or a registered person can apply for cancellation of their registration.

Confused while claiming ITC & the fuss for Rule 36(4) - Lets find out why?

Posted by Shivani Dundlodia 02 September 2021 6791 Views

To minimize the drawbacks of 2A, a new statement was launched i.e GSTR 2B. It is a static, month-wise auto-populated statement reflecting details of all the purchase-related details.

What is recourse available to deal with Notices on Mismatch of GSTR-2A and GSTR-3B

Posted by Bimal Jain 02 September 2021 7841 Views

It has been proposed to insert the new clause ‘(aa)’, after clause (a), in Section 16(2) of the CGST Act, that provides an additional requirement to claim ITC based on GSTR-2A and newly introduced GSTR-2B.

Key Actionable Items for FY 2020-21 before September 2021 returns

Posted by Rohit Kumar Singh 31 August 2021 11312 Views

We have prepared various scenarios wherein taxpayers may have erred in furnishing details in returns for 2020-21 and methodology to rectify the same in GSTR 1 or GSTR 3B of September 2021 Returns.

Restriction in filing of GSTR 1 for non filing of GSTR 3B

Posted by Rohit Kumar Singh 31 August 2021 1639 Views

Rule-59(6) of CGST Rules, 2017, inserted vide Notification No. 1/2021, provides for restriction in the filing of GSTR-1 in certain cases. It is being made operational on the GST Portal from 1st September 2021.

ITC Invoice matching under GST: Mismatch case for Taxpayers

Posted by CA Venkatprasad Pasupuleti 31 August 2021 3919 Views

Input tax credit is the backbone of GST as it ensures the critical feature of taxing on value addition in the supply chain. Any action of denying ITC would lead to a cascading effect and kills the soul of GST.

Important GST Activities of Sept 2021 - Monthly GST Returns

Posted by Ajay Kumar Maggidi 31 August 2021 4867 Views

As we are entering into September, certain activities are to be done w.r.t GST returns for the FY 2020-21. This month is the last choice to make corrections in GST returns relating to sales or purchases.

GST Important Updates Offering Relief to Taxpayers

Posted by CS Tanveer Singh Saluja 31 August 2021 13314 Views

CBIC extends the timeline for filing of the application for revocation of cancellation of registration and late fee amnesty scheme while also amending Form GST ASMT-14 via CGST (Seventh Amendment) Rules, 2021.

Now non-filing of GSTR-3B for two months restricts filing of GSTR-1 / IFF

Posted by CA Umesh Sharma 31 August 2021 4456 Views

Rule 59(6) of CGST Rules,2017 providing for restriction in the filing of GSTR-1 has been inserted by CBIC which will be implemented on the GST Portal from 1st September 2021.