Nature of Compliance Due Date INCOME TAX Depositing of TDS/TCS for July 2021 07.08.2021 Issue of TDS certificate for tax deducted under section 194-IA, 194-IB and194M in the month of July 2021 14.08.2021 Challan cum statement in respect of tax deducted under section 194-IA, 194-IB, and 194M for the month of July 2021 30.08.2021 […]
Tag: GSTR3B
Relaxations in GST Compliance during Covid Period
1. GSTR 1/ IFF FACILITY: DUE DATE Particulars Month Due Date Extended Due Date GSTR 1 (Monthly Scheme) April 2021 11 May 2021 26 May 2021 IFF Facility (QRMP Scheme) April 2021 13 May 2021 28 May 2021 2. GSTR 3B (Monthly Scheme): DUE DATE, TAX PAYMENT, LATE FEES, AND INTEREST Turnover in Previous Financial […]
Analysis of GST Notifications issued on 15.10.2020
CBIC has issued six notifications on 15th October 2020. These notifications include the due dates of filing of GSTR-1 on a quarterly and monthly basis, the due date of GSTR-3B, the threshold limit for GST Audit, and the applicability of HSN code on invoices. Notification No. 74/2020 dated 15.10.2020 The taxpayers who are filing returns […]
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 […]
Possibilities of errors & its solutions in GSTR-3B
When GST came in 2017, there was a provision of GSTR 1, GSTR 2 and GSTR 3 returns. GSTR-3B (i.e. a summary return) was brought for short period by the Government. What is 3B? Simple Tax return form in which Summary of sale and purchase, available input tax credit, tax payable, tax paid is to be furnished. […]