GST
Background of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme The recommendation of 42nd GST Council for registered taxpayers with turnover below Rs 5 Crores may file quarterly return while making payments on a monthly basis. This will be implemented from 1st January, 2020. GST QRMP Scheme Who is...
Due dates for filing of Form GSTR-3B for the Tax Periods from October2020 till March2021 Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 28th October, 2020 , has added sub rule (6) to Rule 61 of the Central Goods and...
GST e-Invoice – Date of Launch ‘e-invoicing’ for certain classes of taxpayers has come into effect from 1-10-2020. GST e-Invoice – Relaxation Keeping in view the hardships faced by the taxpayers due to COVID-19 lockdown and as some of these taxpayers are still not ready, as a last chance, Government had given...
GST Registration Aadhar authentication While attempting GST registration on GSTN portal with the help of Aadhaar authentication has been explained below: Aadhaar Authentication process has been introduced, for the persons applying for GST registration as Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor (ISD)/ SEZ Developer/ SEZ Unit etc, in...
GSTR-CMP-08: Filing NIL Return through SMS on GST Portal WHAT IS CMP-08 GST RETURN CMP-08 is a quarterly GST return to be filed by Composite Dealer after quantifying the amount of GST payable by the composite dealer. File GSTR-CMP-08 NIL return by SMS STEPS TO FILE NIL CMP-08 GST RETURN BY SMS The...
The facility to file GSTR 3B and GSTR-1 with the EVC in lieu of DSC extended to the registered person, who are also registered under the Companies Act, 2013, shall be withdrawn w.e.f. 1st Nov. 2020. However, facility to file NIL returns through OTP verification, shall be continued for...
HSN CODES HSN stands for 'Harmonized System Nomenclature. The specified codes helps to identify the correct classification of goods all across the globe in a standardized manner. HSN CODES MANDATORY 01.04.2020 SAC CODES SAC Codes stands for Services Accounting Code. SAC codes has been issued by CBEC to ensure correct classification of...
The following steps needs to be following in case of errors during dsc usage on GSTN portal Run the emsigner as Administrator. open the portal, fill the appropriate Details go to till Update Register DSC Open a separate tab in same browser and type https://127.0.0.1:1585 Click on Advanced Click proceed to 127.0.0.1(unsafe) Come back to...
The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and...
Frequently Asked Questions (FAQs) relating to GST e-Invoice E-invoice - Basics: What is ‘e-invoicing’? As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN). After...
