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TAX payment

09 October 2017

after 22 council meeting below 1.5 crore have to pay tax monthly and file quaterly is it right ? ..... or they have to file or pay tax quaterly ?
which one is right pls guide

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29 Replies

Saravanan R (12 Points)
Replied 09 October 2017

tax payment monthly only

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Geetha Gupta (Accountant) (325 Points)
Replied 09 October 2017

Starting 1st October, 2017, small traders to file returns once in three months as against the current monthly filing schedule but pay taxes monthly

Regards,

Geetha

Ajay Prajapati (512 Points)
Replied 09 October 2017

in 3b ??

Ajay Prajapati (512 Points)
Replied 09 October 2017

but in goverment notification written there form 3b mendetory for all till december 2017

Ajay Prajapati (512 Points)
Replied 09 October 2017

government notification indicate to file quaterly but not payment quaterly ... we have to pay tax monthly ?

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Saravanan R (12 Points)
Replied 09 October 2017

All the tax payer should file GSTR 3B every month till dec 17

Ajay Prajapati (512 Points)
Replied 09 October 2017

one issue ... if 1.5 crore above traders purchase from 1.5 crore below traders ..... what happens with the gstr 2 & 2A of 1.5 crore above traders ??

Ajay Prajapati (512 Points)
Replied 09 October 2017

cause above 1.5 filing monthly and below 1.5 filing quaterly ... how above traders reconsile 2A and 2

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 09 October 2017

may be they file gstr2 with missing invoice details which reflects in gstr1 a of below 1.5 cr that they accept and file

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 09 October 2017

may be they file gstr2 with missing invoice details which reflects in gstr1 a of below 1.5 cr that they accept and file

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Ajay Prajapati (512 Points)
Replied 09 October 2017

confusion and suspension cause of this process above traders have to wait quaterly

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 09 October 2017

what to do before implementing the government must have given good training to CTO and dctos and call all traders with trained officers to teach all traders in meeting

Jitendra (Internal Auditor) (220 Points)
Replied 10 October 2017

As per my view on the basis of press release, GST payment would be made quarterly basis whose turnover is equal or below to ? 1.5 crore. Anyone can check it point no. 05 in which it is written that "Pay taxes only on a quarterly basis" but there is little bit confusion regarding this until Gazette notification comes for that.