The GST Network sent out a mass SMS to all GST registered businesses, by mistake, which further created panic amongst the clients of CAs. Numerous CAs expressed their dissent over the GST Network on Twitter, due to this.
A total amount of Rs. 48,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs. 1,06,830 crore granted to the States
The Quarterly Return and Monthly Payment Scheme (QRMP Scheme) has been a welcome gift to the small and medium level GST registered taxpayers. Know about the Late Fees and Interest applicable on the QRMP Scheme here.
Taxpayers may kindly continue to declare their correct liability in Table-3.1(d) pertaining to liability on inward supplies attracting reverse charge and proceed to file GSTR-3B
The GST Portal has notified the due dates for filing of Form GSTR-3B for the Tax Periods from October 2020 till March 2021.
The NIC system is geared up to take the load of the taxpayers, with an annual turnover of more than Rs 100 Crores, to generate the IRNs from 01.01.2021, as notified by the government.
The ceremony was presided over by the Chairman CBIC, Shri. M. Ajit Kumar. The Chairman received the Guard of Honour and inspected the parade.
Request generated by the Bombay Chartered Accountants' Society, Chartered Accountants Association Ahmedabad, Chartered Accountants Society Surat, Karnataka State Chartered Accountants Association, and Lucknow Chartered Accountants Society.
Auto-population of system computed details in Form GSTR-3B, has been enabled for taxpayers (filing their Form GSTR-1 on monthly basis), from November 2020 Tax Period onwards.
Know about Quarterly Return and Monthly Payment Scheme (QRMP) for GST Taxpayers.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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