Goods and Services Tax

  • GST:Waiver Late Fees & Interest on GST Returns - Big relief

    Government has granted waiver from payment of interest & late fee on GST Returns to normal (Monthly / Quarterly) & composition taxpayers for the tax periods of March and April, 2021, through Central Tax Notification Nos. 08/2021 and 09/2021.[News and Updates of GST]

  • Online Filing an Appeal against Demand Order by using Form GST APL-01

    Online Filing an Appeal against Demand Order by using Form GST APL-01 - Online step for Filing an Appeal using Form GST APL-01 (1) Creating Appeal to Appellate Authority (2) Upload Annexure to GST APL-01.(3) Disputed Amount/ Payment Details (4) Pre-deposit % of disputed tax (5) Utilize Cash/ ITC (6)Add any Other Supporting Document (7) Preview the Application and Proceed to File.

  • How to Apply new Rule 86B - Restrictions on use of amount available in electronic credit ledger.

    Central Board of Indirect Taxes and Customs (CBIC) has introduced new rule 86B vide notification number 94/2020 dated 22nd December, 2020 effective from 1st January 2021 wherein the registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess of ninety-nine per cent. of such tax liability, in cases where the value of taxable supply other than exempt supply and zero-rated supply, in a month exceeds fifty lakh rupees.[News and Updates]

  • Due dates for filing of Form GSTR-3B from the Tax Period of January, 2021

    Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No 82/2020 - Central Tax, dated 10th Nov., 2020, has revised Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax periods from January, 2021, onwards.[News and Updates]

  • Payment of Tax by Fixed Sum Method under QRMP Scheme

    From 1st January, 2021, following two options are available to the Taxpayers who are under Quarterly Returns and Monthly Payment of Tax (QRMP) Scheme for tax payment for first 02 months of a quarter: (1) Fixed Sum Method (2) Self-Assessment Method.[News and Updates]

  • Auto-population of e-invoice details into GSTR-1

    From 1-1-2021, the taxpayers with aggregate turnover above Rs. 100 Cr. had also started reporting invoices to IRP. Details from the reported e-invoices are being auto-populated in respective tables of GSTR-1. Update on the same was last published on 30/12/2020.....[News and Updates]

  • Aadhaar Authentication / e-KYC for Existing Taxpayers on GST Portal

    Functionality for Aadhaar Authentication and e-KYC where Aadhaar is not available, has been deployed on GST Common Portal w.e.f. 6th January, 2021, for existing taxpayers. All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), ISD and Composition taxpayers can do their Aadhaar Authentication or e-KYC on GST Portal. [News and Updates]