GST

YEAR ENDING TASKS IN GST FOR FY 2020-21

Deadlines Ended to 31st March 2021 Annual Return The due date to furnish GSTR-9 and GSTR-9C (whose turnover during a financial year exceeds INR 5 crores)  for FY 2019- 20 has been extended till 31-03-2021 vide notification number 04/2021-central tax dated 28-02-2021. Option for composition scheme The functionality to opt for composition has been made […]

GST

waiver of Late Fees of GSTR 3B via Notification No. 57/2020 dated 30.06.2020

CBIC has issued Notification No. 57/2020 on 30.06.2020 to prescribe maximum amount of penalty if GSTR3B is filed up to 30.09.2020. The said relief is for both class of taxpayers i.e. taxpayers having turnover up to Rs. 5 crores or more than 5 crores. Notification No. 57/2020 – Central Tax dated 30th June 2020 GSTR-3B – Taxpayers […]