GSTN issues advisory regarding extension of due date for furnishing form GSTR-1 for certain districts of Tamil Nadu

November 2022 GSTR 1 due date extended to 13th for taxpayer having principal place of business in districts of Chennai,Tiruvallur,Chengalpattu, Kancheepuram, Tiruvannamalai, Ranipet,Vellore, Villupuram, Cuddalore,Thiruvarur, Nagapattinam, Mayiladuthurai & Thanjavur in Tamil Nadu. Official copy of the notification has been mentioned below ..

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Guidelines for recovery for self-assessed tax (GSTR 1 vs GSTR 3B)

Procedure for recovery for Mismatch in GSTR 3B and GSTR 1 Returns Central Government introduced amendment to Section 75 (12) of the CGST Rules, 2017 by inserting an explanation thereby paving way for recovery of self-assessed tax without having to resort to proceedings u/s 73 or Sec 74 of the Act. The explanation defines "self-assessed tax" to include the tax payable in respect of details of outward supplies in Form GSTR 1, but not included in GSTR 3B. There was apprehensions ..

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Advisory on HSN and GSTR-1 Filing

1.In accordance with Notification No. 78/2020 - Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of Nomenclature (HSN) Code of Goods and Services supplied by them on raising of tax invoices, with effect from 1st April, 2021 on the below mentioned lines.   S.No Aggregate Turnover in the preceding Financial Year Number of Digits of HSN Code to be reported in GSTR-1 1 Upto Rs. 5 ..

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