The 33rd meeting of the GST Council was held through video conferencing where the last date for filling GSTR 3B form was extended for two days.

Those dealers who have claimed transitional deemed credit of 60% & 40% in GST TRAN 1 form need to file TRAN 2 form by 31-3-2018. Non-filing will disallow your claim.

Now this time government is very concern of transparency in new tax regime and taking significant action against any type of alleged transaction.

Goods and Service tax (GST) has on February 21, introduced few latest changes in GSTR-3B to make it more user friendly.

Goods and Services Tax Network (GSTN) alleged that Input Service Distributor can now file monthly return form GSTR-6 on the GST Portal by Input Service Distributor. The last date for filing GSTR-6 for the month of July is December 31, 2017. GSTN has also provided a facility to tax officers of states and UTs to … Continue reading “GSTR-6 can now be filed on GST Portal by Input Service Distributor”

Goods and Services Tax Network (GSTN) will be launching a facility for businesses to make changes to their August and September GSTR-3B return forms beginning November 20, 2017. Besides, technology major has deployed 30 resident engineers all over the country to coordinate between state commissioners and GSTN. The taxpayers were allowed to make changes on … Continue reading “GSTR-3B can be edited for August, September from November 20”

Filing Goods and Service Tax Returns-1 (GSTR-1) GSTR-1 to be filed by the taxpayer with annual aggregate turnover up to Rs. 1.5 Crore by following dates: Period Date July- September 31ST December 2017 October-December 15th February 2017 January – March 30th April 2017   GSTR-1 to be filed by the taxpayer with annual aggregate turnover more than … Continue reading “Revised late filing penalty and last date to file GSTR-3B and GSTR-1”

The 23rd meeting of Goods and Services Tax (GST) Council has made certain amendments in the date on November 10, 2017. They are as under: 1.  All restaurants will charge GST at 5% without any Input Tax Credit (ITC). 2. GST on outdoor catering will be charged at 18% with ITC. 3. Restaurants in Hotel … Continue reading “Changes made after 23rd GST Council Meeting in Guwahati”

The Central Government vide its notification no. 50/2017-Central Tax dated October 24, 2017, stating that late fee for filing GSTR-3B for the month of August and September will be waived off. This yet again has come as a lift for all the registered taxpayers. As per GST regime, the late fee is Rs. 100 per … Continue reading “Penalty for Late Filing GSTR-3B has been Waived”

About 70% of the assessees under the Goods and Services Tax (GST) had filed detailed sales returns for July on Tuesday, as it was the official deadline. No further extension was given as earlier the GST filing deadline had been extended twice earlier. About 4.59 million entities of the eligible 6.5 million filed the Goods and … Continue reading “Only 70% filed accurate GST Returns for July”