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Clarity On Table Wise Applicability Of GSTR-9 For FY 2019-20

GSTR-9 • Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc in this return. • Notification No. 77/2020 - Central Tax dated 15-10-2020 gives benefit of optional filing of annual return for registered persons whose aggregate turnover in a financial year does not exceed Rs 2 crore, for FY 2019-20 as well. Th..

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Filing Of GSTR-9/9C For FY 2019-20

Applicability of Form GSTR-9 For FY 2019-20, those registered persons whose aggregate turnover in a financial year does not exceed Two Crore rupees and who have not furnished the annual return under shall have the option to furnish the annual return. Provided that the said return shall be deemed to be furnished on the due date if it has not been furnished before the due date. (Notification No. 77/2020 Central Tax Rate dated 15/10/2020 read with Notification No. 47/2019 Central Tax Rate ..

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16.5 lakhs returns filed on 20th of Jan 2021 till 7 PM on GST Portal

  A total number of 16.5 lakhs returns (including GSTR3Bs) were filed on 20th of Jan 2021 till 7:00 PM on GST Portal. During the entire day brisk filing activity was observed and is continuing as of now ..

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QRMP scheme launched for taxpayers up to Rs. 5 Cr turnover

Quarterly Return Monthly Payment (QRMP) scheme launched. Now taxpayers up to Rs. 5 Cr turnover have the option to file their GSTR-1 and GSTR-3B returns quarterly. ..

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CBIC reminds taxpayers with Aggregate annual Turnover of up to Rs. 5 crore to file GSTR-3B on or before 22nd Jan 21

Attention GST Taxpayers whose aggregate annual turnover is up to Rs. 5 crore during FY 2019-20 and having principal place of business in State Group 1. Remember to file your monthly GSTR-3B Return for December, 2020 on or before January 22, 2021. ..

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Taxpayers! Furnish GSTR-1 in time, or pay late fees

Arjun (Fictional Character): Krishna, many GST taxpayers are getting notices for liability of late fees for delay in filing of GSTR-1. Why are such notices being issued by the GST department? Krishna (Fictional Character): Arjuna, the GST department has now started levying late fees for delay in furnishing of GSTR-1. In past, the GST department had reduced the late fees from Rs.200 per day of delay to Rs.50 per day, and Rs 20 per day (For NIL return) & waived the same for the period up to..

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CBIC reminds taxpayers with Aggregate Turnover of more than Rs. 5 crores to file GSTR-3B by 20th January 2021

Attention GST Taxpayers whose Aggregate Annual Turnover is more than Rs. 5 crores during FY 2019-20!  Remember to file your monthly GSTR-3B Return for December, 2020 on or before January 20, 2021. ..

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Due date for filing monthly GSTR-5 Return for the month of Dec 20 is January 20, 2021

Due date for filing monthly GSTR-5 Return for the month of December, 2020 is January 20, 2021 ..

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Due date for filing monthly GSTR-5A Return for the month of Dec, 20 is January 20, 2021

Due date for filing monthly GSTR-5A Return for the month of December, 2020 is January 20, 2021. ..

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Due dates for filing of Form GSTR-3B for the Tax Period of December, 2020

Due dates for filing of Form GSTR-3B for the Tax Period of December, 2020 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 10th Nov., 2020, has inserted sub rule 6 in Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax period of December, 2020 as under:   Sl. No Taxpayers with aggregate turn..

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Further Extension of Income Tax Returns, Tax Audit Reports, GST Returns and Other Compliances requested by 24 GST and Trade Associations

ALL INDIA JOINT REPRESENTATION COMMITTEE FOR GST An alliance of 24 GST and Trade Associations for partnering Government in GST issues resolution Sunday, 10 January 2021 To, The Hon’ble Finance Minister of India Rajpath Marg, E Block, Central Secretariat, New Delhi, Delhi-110011 Email: fmo@nic.in; appointment.fm@gov.in Sub: Extension request – 1. GST Audits under GST Act 2017 for FY 1819   2. Income Tax Returns for non-audit cases -FY 1920; 3. Tax Audit..

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How to Calculate 5% Provisional ITC in FORM GSTR-3B as per the CGST Rule 36(4)?

Introduction Initially registered persons could claim Input Tax Credit on a self-declaration basis in Table 4(a) of GSTR-3B. The ITC that could be claimed on self-declaration basis included a summary figure of IGST, CGST and SGST. There was no requirement for reconciliation with GSTR-2A until clause 4 was added to the rule 36 of CGST rules through notification no. 49/2019 dated 9th October,2019. What is Rule 36(4) of CGST Rules? As per Rule 36(4), Input tax credit to be availed by a reg..

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