Due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 11th Nov., 2020, has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax periods from October, 2020 till March, 2021. The details are as under: Sl. No Taxpa..
On the recommendations of the GST Council, it has been decided to extend the due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from 31st October 2020 to 31st December 2020. Read the official announcement below: Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi the 24. October 2020 Extension of due dates for Ann..
Ministry of Finance issued a Press Release on 9th Oct, 20 issuing certain clarifications while filing GSTR-9 & 9C for F.Y. 2018-19. Currently, the taxpayers are facing issues in GSTR-9 in reporting transactions pertaining to F.Y. 2017-18 which was reported in GST returns of 2018-19 as there is no specific column for the same. Such values were already reported in GSTR-9 of F.Y. 2017-18 in Tables 10 to Table 14. To address this issue, the Government has clarified as under in respect of r..
Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the FY 2018-19 has been extended till 31.10.2020. Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18. However, this information for FY 2017-18 has already been furnished by the taxpayers in the annual return (GSTR9) filed for FY 2017-18 and there is no mechanism..
Document-wise Download Facility of Table-8A of GSTR-9 While filing GSTR-9 of F.Y. 2017-18, one of the issues faced by the taxpayers was non-availability of detailed invoice-wise information of auto-populated information in Table 8A of GSTR-9 in respect of Details of Invoices appearing in GSTR-2A of the taxpayers. The ITC amount appearing in GSTR-2A downloaded as per authorized GSP/ASP or directly from GST Portal was not matching with ITC amount auto-populated in Table 8A of GSTR-9 for rea..
Now you can download the document details from auto-populated from GSTR-2A in Table 8A of GSTR-9 in excel format. How does it help? You can reconcile the difference in ITC shown in Table 8A and available in GSTR-2A. How to navigate in GST portal? Services > Returns > Annual Returns > Form GSTR-9 (Prepare Online) > Download Table 8A Document Details. Generated excel will be downloaded as a zip file, in case of less documents or else in multiple chunks. Data saved/sub..
Downloading document-wise details of Table 8A of Form GSTR-9 A facility has been provided to the taxpayers to download document wise details of Table 8A of Form GSTR-9, from the portal in excel format. This can be done by using a new option of ‘Document wise Details of Table 8A’ given on the GSTR-9 dashboard, from Financial Year 2018-19 onwards. This will help the taxpayer in reconciling the values appearing in Table 8A of Form GSTR 9, thus facilitate filling the Form GSTR 9. ..
The Ministry of Finance announced the due date to file GSTR 9, GSTR 9A & GSTR 9C form i.e. 30th September 2020 for the FY 2018-19 via a notification. Therefore, it is mandatory to file the GSTR 9/GSTR-9C annual return form and GSTR 9C audit reconciliation form as soon as possible to avoid any penalties. Lets understand the basic concepts and their eligibility for filing of Form GSTR-9/ GSTR-9C. GSTR-9: Annual Return Form GSTR-9 should be filed yearly by registered taxpayers. It..
As we all now the due date for filing GST Annual Return and GSTR-9C is 30.09.2020. But still there is no clarification regarding the manner of presenting details in the respecitve returns 1. SALES As far as sales are concerned there can be two views As per BOA: If we present sales as per BOA in Table 4 of GSTR-9, then we may end up in either of the two different scenarios 1. If we state the adjustments made during the next financial year in Table No :- 10 and 11 respecti..
GSTR-9 is an annual return, to be filled by registered dealers, which contains a consolidated summary of all monthly returns, i.e. GSTR-1, 2A, and 3B under CGST, SGST and IGST during the entire year, along with turnover and audit details for the same. Thus, GSTR-9 can be called a compilation return for all the supplies made and received during the year under different tax heads. The return can be filed at https://www.gst.gov.in/ either online or through an offline tool. However, in order to..
The GST Council in its 39th meeting held on 14th March 2020 at New Delhi discussed and approved: (i) certain amendments in the GST Law and procedures; (ii) Changes related to GST Rates; and (iii) Recommended IT Roadmap 1. Recommendations on IT Roadmap - A presentation was made by Mr. Nandan Nilekani on behalf of Infosys (IT implementation Partner) to the 39th GST Council on the issues being faced by Taxpayers in the GST System. Following were summary of the discussions It was d..
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 1/07/2017 The FM in her budget speec..