The CBIC has extended the due dates for opting in for the composition scheme. The GST portal issued an advisory regarding opting for composition for 2020-21. The notice said that, " The taxpayers SHOULD NOT file any GSTR-1/GSTR-3B, for any tax period of FY 2020-21, from any of the GSTIN on the associated PAN, or else they will not be able to opt for composition scheme for FY 2020-21". Here is the official notice: Advisory on Opting-in for Composition Scheme for 2020-21 - Extension of Dates in view of COVID-..
The Goods and Service Tax Portal is full of several technical glitches. Here are 57 major technical glitches ob the GST Portal...
The 39th GST Council meeting was held today i.e. 14th March 2020 at Vigyan Bhawan, New Delhi. The meeting was chaired by the Finance Minister Nirmala Sitharaman. The GST Council in its 39th meeting announced that due date to file GSTR 9 and 9C for FY 18-19 will be extended till 30th June 2020. The council also made the following decisions in the 39th GST Council meeting: 1. Interest to be charged on net cash liability with effect from 1/07/..
Advisory for Opting in for Composition (filing Form GST CMP-02) Who can opt in for Composition: Eligible existing Registered taxpayers can opt in for composition, for the financial year 2020-21, by filling up Form GST CMP-02. Your composition scheme shall be effective from 1st April 2020. How to opt in for Composition: A registered taxpayer can apply for composition after login. The navigation to apply for composition is as given below:- Log in to the Taxpayers..