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GST Update
CBIC issued 58/2020-Central Tax dated 01.07.2020
Seeks to make eighth amendment (2020) to CGST Rules [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 58/2020 – Central Tax New Delhi, the 1st July, 2020 G.S.R…(E). – In …
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CBIC ISSUED Notification No. 57/2020 – Central Tax
Seeks to amend notification no. 52/2020-Central Tax in order to provide conditional waiver of lat fees for the period from July, 2017 to July, 2020. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and …
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Relief in payment of interest to Taxpayers filing Form GSTR-3B
Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from Feb, 2020 20th March, 2020 4th April, 2020 5th April to 24th …
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Relief in late fee to Taxpayers filing Form GSTR-1
Government has extended dates for GST filings as notified vide Notification No. 53/2020 dt 24.06.2020. A Circular No. 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard. 2.Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Tax period Due Date Waiver of late fee if return filed on or before March, 2020 11.04.2020 10.07.2020 April, 2020 …
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Relief in late fee to Taxpayers filing Form GSTR-3B
Government has extended dates for GST filings as notified vide Not. No. 52/2020 dt 24.06.2020 and No. No 57/2020-CT dated 30.06.2020. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period Late fees waived if return filed on or before February 24th June March 24th June April …
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FAQs on Filing Nil Form GSTR-1 through SMS
1. When can Form GSTR-1 be filed as Nil? Form GSTR-1 can be filed as a nil return if there are no outward supplies (including supplies on which tax is to be charged on reverse charge basis, zero rated supplies and deemed exports) during the month or quarter, for which the return is being filed …
Filing NIL Form GSTR-1 through SMS on GST Portal
A taxpayer may now file NIL Form GSTR-1, through an SMS, apart from filing it through online mode, on GST Portal. To file NIL Form GSTR-1 through SMS, the taxpayer must fulfil following conditions: They must be registered as Normal taxpayer/ Casual taxpayer/ SEZ Unit / SEZ Developer. They have valid GSTIN. Phone number of …
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