Source : PIB 28.02.2021 First due date The due date to file GST Annual return for FY 2019-20 was 31.12.2020. First extension of due date But, since, the annual return for FY 2018-19 was not filed by that date and the due date of said return was also the the same date i.e. 31.12.2020, the […]
Advisory on Annual Return (GSTR-9)
Source : GSTN / News and Updates 24.02.2021 Extract of the update is given below: The taxpayers are advised to ensure that values are reported upto two decimal places in the GSTR-9 offline utility. The error “Error! Invalid Summary payload” after uploading the JSON created from the Offline Utility of GSTR-9 is reported due to […]
A brief note on E-Way Bill
Source: GSTN Use of E-Way Bill e-Way Bill is mandatory for Inter-State movement of goods of consignment value exceeding Rs.50,000/- in motorized conveyance. Registered GST Taxpayers can register in the e-Way Bill Portal using GSTIN. Unregistered Persons/ Transporters can enroll in the e-Way Bill System by providing their PAN and Aadhaar. Supplier/ Recipient/ Transporter can […]
Companies that provides Accounting and Billing Software for free
Source: https://gstn.org.in/empaneled-companies Empanelled companies name and their product which are provided free of cost for the taxpayer having turnover up to 5 crore turnover is given below; 1. Adaequare Info Private Limited – 2. Cygnet Infotech Private Limited – Cygnet FACE 3. Focus Softnet Private Limited – FocusLyte 4. IRIS Business Services Limited – Vyapari […]
Clarification in respect of applicability of Dynamic QR Code on B2C invoices
Source : CBIC / Circular no. 146/02/2021-GST dated 23.02.2021 Notification No. 14/2020-Central Tax, dated 21st March 2020 was issued to provide that all taxpayers having aggregate turnover more than 500 crore rupees should provide Dynamic QR Code on all B2C invoice i.e. tax invoice issued to customer who are not registered under GST Act. This […]
IGST refunds are hold-up due to invoice mismatch (SB005)-Circular 05/2021-Customs
Source : CBIC A Circular no. 05/2021-Customs is published by CBIC dated 17.02.2021. Vide this circular a facility is given to exporters to resolve invoice mis-match error (SB005) as because of this error the refund on exports with payment of IGST gets on hold. Previously, a circular was issued to provide facility to trade to […]
CGPI – Representation for Extension of GSTR 9, 9A, 9C -FY 2019-2020
Saturday, February 20, 2021 To The Hon’ble Finance Minister of India Rajpath Marg, E Block, Central Secretariat, New Delhi, Delhi-110011 Email: [email protected]; [email protected] Respected Ma’am, Sub: Request to grant Extension for GSTR 9 & 9C – Financial Year 2019/20 from 28.02.2021 to 31.03.2021 -Regarding A Brief Introduction about Confederation of GST Professionals and Industries (CGPI): […]
Frequently Asked Questions (FAQs) on QRMP & IFF
Source : GSTN / News and update 11.02.2021 Q 1: What is QRMP scheme? What are its benefit? Answer: Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is a scheme to simplify compliance for small taxpayers. Under this scheme, taxpayers having an aggregate turnover at PAN level up to Rs. 5 crore can opt for […]