Due date of filing GSTR-3B for newly migrated taxpayers extended to December 31, 2018
(Date: 11/09/2018)
Govt. has extended the due date of filing GSTR-3B for newly migrated taxpayers to December 31, 2018 for the period July, 2017 to November, 2018.
Author Archive for S Jaykishan
Relaxation of additional fees and extension of last date of filing Form BEN-2
Relaxation of additional fees and extension of last date of filing Form BEN-2
(Date: 7/09/2018)
The Ministry of Corporate Affairs has received several representations regarding the extension of the last date of filing of e-form BEN 2 without additional fees. Post examining, it has been decided that the time limit for filing the BEN-2 form would be 30 days from the date of deployment on the MCA 21 portal and no additional fees shall be levied if filed within 30 days of […] Read More >>
Pecuniary limit for filing an application in DRT
Pecuniary limit for filing an application in DRT
(Date: 6/09/2018)
The Central Govt. has raised the pecuniary limit from 10 lakh rupees to 20 lakh rupees for filing application for recovery of debts in the Debt Recovery Tribunals by banks and financial institution.
CBIC clarifies Scope of Principal-Agent relationship in context of Schedule I
CBIC clarifies Scope of Principal-Agent relationship in context of Schedule I
(Date:5/09/2018)
The CBIC has clarified that the scope of Principal-Agent relationship in context of Schedule I of the CGST Act with the help of examples. All the activities between the principal and the agent and vice-versa do not fall within the scope of the said entry.
CBIC clarifies on various refund related issues
CBIC clarifies on various refund related issues
(Date:5/09/2018)
CBIC has clarified on various refund related issues. It has clarified that the limit of Rs. 1,000 for refund shall be applied for each tax head separately and not cumulatively. The limit would not apply in cases of refund of excess balance in the electronic cash ledger. Further, it has also clarified that show-cause-notices are not required to be issued where deficiency memos have been issued.
Taxpayers can reverse wrongly availed credit through table 4(B)(2) of GSTR-3B
Taxpayers can reverse wrongly availed credit through table 4(B)(2) of GSTR-3B
(Date:5/09/2018)
CBIC has clarified that the taxpayers can reverse the wrongly availed Cenvat credit under the existing law and inadmissible transitional credit through Table 4(B)(2) of FORM GSTR-3B. The applicable interest and penalty apply on all such reversals shall be paid through entry in column 9 of Table 6.1 of FORM GSTR-3B.
CBIC specifies process of refund applications
CBIC specifies process of refund applications filed by Canteen Stores Department
(Date:5/09/2018)
CBIC has specified the process of refund applications filed by Canteen Stores Department (CSD). The application shall be filed in Form GST RFD-10A. The refund shall be based on the invoices of the inward supplies of goods received by CSD.
E-way bill for goods stored in transporter’s godown
No need to extend validity of e-way bill for goods stored in transporter’s godown
(Date:5/09/2018)
The Govt. has clarified that validity of e-way bill will not required to be extended for goods stored in transporter’s godown because the transporter’s godown has to be declared as an additional place of business by the recipient taxpayer.
Govt. notifies Form GSTR-9 of Annual Return
Govt. notifies Form GSTR-9 of Annual Return
(Date: 5/09/2018)
The Govt. has notified Central GST (Eighth Amendment) Rules, 2018 wherein it has notified Form GSTR-9 of Annual Return and Form GSTR-9A of Annual Return for composition taxpayers.
Govt. waives off late fees for filing of GSTR-3B, GSTR-4 & GSTR-6 for specified period
Govt. waives off late fees for filing of GSTR-3B, GSTR-4 & GSTR-6 for specified period
(Date: 4/09/2018)
Govt. has waived-off late fees for taxpayers who have submitted the GSTR-3B but not filed on GST portal for the month of October, 2017. The Govt. has also waived off late fees for taxpayers who have filed GSTR-4 for the period October to December, 2017 by due date but late fee was erroneously levied. The late fee has also been waived off on filing […] Read More >>