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gstr 3b

Linking of GSTR 1 (monthly) with GSTR 3B

As per update released on 5th September 20, on GSTN Portal, Values of GSTR 1 have been provided to taxpayers for assistance to get auto-drafted values of Table 3 of GSTR 3B.   The GSTN update is as under - A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on the basis of the values reported by them, ..

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GSTR-3B linked with GSTR-1 to make filing easier

The GSTN has notified that filing of GSTR-3B has been made much easier now. System computed GSTR-3B (Table-3 for liabilities) on the basis of GSTR-1 filed by taxpayers is now available on the GST portal for monthly GSTR-1 filers. The GSTN also notified on the following points: 1. The system will compute and generate PDF mentioning liability, few minutes after monthly GSTR-1 has been filed. 2. The facility is currently available for monthly filers and not for quarterly..

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Relief in Form GSTR-3B late fee and interest as notified on GST Portal

Relief in late fee to Taxpayers filing Form GSTR-3B Government has extended dates for GST filings as notified vide Not. No. 52/2020 dt 24.06.2020 and No. No 57/2020-CT dated 30..

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Waiver of Late Fees of GSTR 3B: Recent Notifications

CBIC has issued Notification No. 57/2020 on 30.06.2020 to prescribe maximum amount of penalty if GSTR3B is filed up to 30.09.2020. The said relief is for both class of taxpayers i.e. taxpayers having turnover up to Rs. 5 crores or more than 5 crores. Notification No. 57/2020 - Central Tax dated 30th June 2020 GSTR-3B - Taxpayers having turnover more than Rs. 5 crore in the preceding year <tbody..

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Form GSTR 3B : Waiver or reduction of Late fees

CBIC has issued Notification No - 57/2020-Central Tax dated 30-06-2020 waiving/reducing late fees on filing of GSTR 3B for the months of May 20 to July 20 by 30th September 20. This relief is for all class of normal&nbsp; taxpayers (Turnover below 5 Crores and above Rs 5 Crores). &nbsp; Earlier <a href="/notice..

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GSTR-3B late fees capped at Rs 500 for July 2017 to July 2020

The CBIC notified that&nbsp; Late Fee for Form GSTR 3B has been capped at Rs. 500 for tax period July 2017 to July 2020 subject to returns being filed before 30th September 2020. Here is the official notification.&nbsp; &nbsp; MINISTRY OF FINANCE&nbsp; (Department of Revenue)&nbsp; (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) &nbsp;NOTIFICATION&nbsp; New Delhi, the 30th June, 2020&nbsp; No. 57/2020&nda..

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Compliance Chart showing Due Date of GSTR 3B and GSTR 1

Due to multiple notification issued for providing the relaxation in the Interest / Late fees / Due date / Conditional date in filling of GST Returns. Recent Notification has removed&nbsp;certain condition which are attached earlier specially with Interest Rate. Therefore I am presenting a compliance chart for your ready reference -&nbsp; DATES FOR GSTR 3B AND GSTR 1 (Updated with all Notification issued till 25th June&rsquo;20) Due Date of GSTR 3B AG..

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GSTR-3B- Manner of Calculation of Interest & Late Fees for delay in filing

As we are all aware that the Government has come up with few Notifications on 24th June 2020, for extending the various due dates for filing GSTR -3B return and GSTR 1 return for various months to provide relaxation in view of spread of Novel Corona Virus (COVID-19), in connection to the Notifications the government has issued Circular No. 141/11/2020 &ndash; GST dated 24th June 2020, which has clarified the Manner of Calculation of Interest and Late fees for delay in filing of GSTR-3B return..

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GSTR-3B and GSTR-1: Important Dates for availing benefit of Interest & Late Fees

1. Full Waiver of Late Fees for filing FORM GSTR-1 vide Notification No. 53/2020 - CT dt 24.06.2020 Sr. No Class of Registered Person Forms Tax Period <td width="15..

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How to file nil return GSTR-3B through SMS?

Key highlight: &bull; A taxpayer may now file NIL Form GSTR-3B, through an SMS, &bull; Apart from filing it through online mode, on GST Portal. &bull; Filing of Form GSTR-3B is mandatory for all normal and casual taxpayers, even if there is no business activity in any particular tax period. ..

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Possibilities of errors & its solutions in GSTR-3B

When GST came in 2017, there was a provision of GSTR 1, GSTR 2 and GSTR 3 returns. GSTR-3B (i.e. a summary return) was brought for a short period by the Government. What is GSTR-3B? Simple Tax return form in which Summary of sale and purchase, available input tax credit, tax payable, tax paid is to be furnished. GSTR-3B once filed, cannot be revised. Who can file GSTR 3B? GSTR 3B must be filed by everyone who has registered for GST. Who c..

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GSTR-3B - Late fees Capped to Rs 500

The taxpayers had been demanding for a very long time that the late fee on GSTR-B shall be waived off. The government also released a press release in this regard stating that the late fee on GSTR-3B will be taken into consideration in the next council meeting. The 40th GST Council Meeting was held today that is on the 12th of June 2020 and the council made the following decisions on the late fee on GSTR-3B: 1. Zero late fee for taxpayers with nil tax liability<..

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