The issue concerns confusion regarding the purpose and sequencing of GSTR-1 and GSTR-3B filings. The key takeaway is that GSTR-1 should be filed first to ensure proper ITC flow and avoid ...
Highlights While businesses have to file GSTR-3B by the 20th day of the succeeding month, GSTR-1 has to be filed by the 10th day According to GST laws, the fee for late filing of the returns is Rs 25 ...
Missing GST return deadlines triggers late fees under Section 47 and interest under Section 50, both calculated separately. Understanding the applicable rates, caps, and filing sequence can help ...
The current Goods and Services Tax (GST) regulations showed that all regular and irregular taxpayers are required to file their GST returns for each tax period. Form GSTR-3B, a streamlined summary ...
GSTR 3B is a simpler return that businesses need to file in the first two months of GST (July and August, 2017) instead of the normal returns – GSTR 1, 2 and 3. The last day to file GSTR-3B is August ...
https://www.thehindubusinessline.com/economy/gst-assessee-with-turnover-up-to-5-cr-will-need-to-file-only-four-gstr-3b-forms/article33268714.ece Copy Come January 1 ...
Making GST return filing easier was a key objective when the state finance ministers met today for the 25th GST Council meet chaired by Union Finance Minister Arun Jaitley. A definite decision on the ...
Mumbai: Traders will be filling in August their first Goods and Services Tax return for the month of July by filling and submitting GSTR-3B, GSTR-1 and Trans-1 forms, a complete proforma designed for ...
Any GST returns such as GSTR1, GSTR 3B, etc., due on or before June 20, 2022, will be barred from filing from July 2025 onwards as the GST Administration has set a date of July 2025 for barring GST ...
Goods and Service Tax (GST) regime is set to rollout in less than two weeks. Finance Minister Arun Jaitley has said that the new tax structure will be launched on midnight of June 30 at Central Hall ...
Such changes will be auto-populated in tax payment form GSTR-3B. GST Network (GSTN) on Saturday said the monthly GST payment form GSTR-3B will become non-editable from the July 2025 tax period. In an ...
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