Filing NIL GST Returns for 6 months may lead to cancellation of your GST Registration. Read how…
Filing NIL GST Returns may cancel your GST Registration
gst consultant in anna nagar chennai
GST AMNESTY SCHEME 2021 , LATE FEE & OTHER RELAXATIONS
In order to help the Small Businesses and GST tax payers and also as per the decision taken at the 43rd GST Council meeting held on 28th May 2021, a new amnesty scheme for relaxation in return filing, late fees, etc., has been announced. Period of Applicabilty The Tax return periods from Jul 2017 to
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GST Consulting & Return filing
GST – Goods and Services Tax Consulting Goods and Services Tax (called as GST) , an Indirect tax, was introduced in India w.e.f. Jul 2017. Prior to introduction of GST, there were many number of indirect taxes levied by State & Central Governments in India, the compliance of which was very difficult to the entrepreneurs.
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Restriction on availment of Input Tax Credit (ITC) w.e.f Oct 2019
The CBDT vide its Notification No 49/2019 has inserted a new rule – Rule 36(4) in Central Goods and Services Tax Rules,2017. The New Rule is as follows :- “ (4) Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which have not been
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Reverse Charge payment of GST suspended till 30th September 2019
As you are aware, as per Section 9(4) of the CGST Act, GST is payable under Reverse Charge basis in respect of inward supplies from unregistered suppliers. This was deferred by notification till 30th of September 2018 earlier. Now another notification has been issued to defer the same till 30th September 2019. In view of
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GSTR 3B Monthly return to continue till March 2019
As per the latest Notification No 34/2018-Central Tax, the filing of Monthly Summary Return in GSTR 3B shall continue till the month of March 2019 and in view of the same, tax payment shall also be paid while filing the GSTR – 3B . The last date for filing the GSTR-3B is 20th of the
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Allocation of GST Taxpayers between Centre & State (TN)
As you are aware, the GST is administered both by the State Governments & Central Governments. As per the decision taken in the GST Council, the Taxpayers will be allocated either to State Government (or) Central Government. The Tamilnadu Government vide its Order No 1/2018 dtd 28/02/2018 has published the complete details of the allocation
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Have you paid GST under wrong heads? Here is how you can claim the refund of the same..
The GST regime has brought many new concepts for making payment of appropriate GST dues. In the initial stages, it was confusing for most of the taxpayers to identify the correct head for the payment and in many instances, the taxes were remitted to inappropriate heads. For Example, the amount to be filled in SGST
Have you paid GST under wrong heads? Here is how you can claim the refund of the same.. Read More »
ALL ABOUT ACCOUNTS AND RECORDS IN GST
The Introduction of GST has reduced the compliance burden of the assessees who had registered with Excise/VAT/Service tax and the record maintenance requirement for these statutes were different. After introduction of GST, the requirement of maintenance of Accounts and records have been notified by the Act making it simpler for the tax payers to comply
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Movement of goods under GST
Under the present VAT Regime, different states follow different rules and forms for movement of goods within the respective states and also for Inter state movement of goods. The compliance requirements under the present VAT regime has many restrictions and different procedural formalities to be completed for movement of goods. The movement of goods under
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