GST

Advisory on GSTR1/IFF enhancements and improvements on GST portal

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enhancements in gstr1 on gst portal

1. The statement of outward supplies in FORM GSTR-1 is to be furnished by all normal taxpayers on a monthly or quarterly basis, as applicable. Quarterly GSTR-1 filers have also been provided with an optional Invoice Furnishing Facility (IFF) for reporting their outward supplies to registered persons (B2B supplies) in the first two months of […]

GST

GST Compliances Before 31st August 2020

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GST: Compliances Before 31st August 2020 The tax compliances in the last 6 months has undergone a total change. Entire compliances schedule has been changed in view of the prevailing pandemic. File GSTR-4 of FY 2019-20): 31st August, 2020 is the last date for filing of GSTR-4 for financial year 2019-20. Notification No. 59/2020 dated 13.07.2020. It […]

GST

40th GST Council Meeting- Highlights

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40th gst council meeting

Reduction in GSTR-3B late fee for the period Jul 2017 to Jan 2020: For taxpayers with no liability, late fee has been waived off For taxpayers with tax liability, the maximum late fee has been capped at Rs 500 per return Note:- For the above relief, GSTR-3B should be filed between the 1st of July […]