GST Regime latest updates.

GST Regime latest updates. This page is being run by Mr. Abhay Kumar Yadav, ICWA with more than 20 years experience in Indirect Taxations.

GST Regime latest updates is the page created by compiling various rules and regulations of the GST Law from the reliable sources to make all concerns aware of the GST Regime and its provisions with latest updates in order to support optimum compliance by business entities. Presently working as Senior Accounts Manager in a reputed organization.

29/04/2020

File FORM GST PMT 09, to transfer/shift the money available in Electronic Cash ledger, between various major and minor heads of GST
27/04/2020
Taxpayers deposit money using challan and the paid amount gets credited in the particular head in the Electronic Cash ledger and the same can be utilized in settling liabilities of that head only. In case a taxpayer deposited any amount under a major head i.e. IGST, CGST, SGST/UTGST and Cess or minor head i.e. Tax, Interest, Penalty, Fee and Others, they can then utilize this amount for discharging their liabilities only under that major head and minor head. Sometimes, inadvertently, the taxpayer pays the amount under the wrong head and it cannot be used to discharge the liabilities which may be due in another head. In such cases taxpayers can claim the refund of the amount which may have been deposited under wrong head in GST by filing a refund application in FORM RFD-01 under the category “Excess balance in electronic cash ledger”. The process of filing refund claim and its disbursement can sometimes lead to blockage of funds for the taxpayer.
Form GST PMT-09 is now available on GST portal and it enables a taxpayer to make intra-head or inter-head transfer of amount available in Electronic Cash Ledger. A taxpayer can file GST PMT 09 for transfer of any amount of tax, interest, penalty, fee or others available under one (major or minor) head to another (major or minor) head in the Electronic Cash Ledger. Form GST PMT 09 provides flexibility to taxpayers to make multiple transfers from more than one Major/Minor head to another Major/Minor head if the amount is available in the Electronic Cash Ledger. To file Form GST PMT-09 taxpayers are required to login on GST portal with valid credentials and navigate to Services > Ledgers > Electronic Cash Ledger > File GST PMT-09 For Transfer of Amount option. After Form GST PMT-09 is filed:
• ARN is generated on successful filing of Form GST PMT-09.
• An SMS and an email is sent to the taxpayer on his registered mobile and email id.
• Electronic Cash ledger will get updated after successful filing of Form GST PMT-09.
• Filed form GST PMT-09 will be available for view/download in PDF format.
A detailed FAQ and User Manual to guide taxpayer on Form PMT-09 has been provided on the GST Portal under the Help section .

13/04/2020

Filing Dates extended for providing relief to taxpayers in view of COVID-19 pandemic-Part 1
07/04/2020,Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Notifications 30/2020 to 36/2020 dated 03.04.2020. Circular No. 136/06/2020-GST dated 3rd April, 2020 has been issued.
1. Normal Taxpayers filing Form GSTR-3B
a.Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
Tax period Late fees waived if return filed on or before
Feb, 2020 24th June, 2020
March, 2020 24th June, 2020
April, 2020 24th June, 2020
May, 2020 27th June, 2020 (extended due date for filing)
b.Taxpayers having aggregate turnover of > Rs. 1.5 crores and upto Rs. 5 crores in preceding FY
Tax period Late fees waived if return filed on or before
Feb, 2020 29th June, 2020
March, 2020 29th June, 2020
April, 2020 30th June, 2020
c.Taxpayers having aggregate turnover of upto Rs. 1.5 crores in preceding FY
Return/Tax period Late fees waived if return filed on or before
Feb, 2020 30th June, 2020
March, 2020 03rd July, 2020
April, 2020 6th July, 2020
d.Taxpayers having aggregate turnover of upto Rs. 5 Cr. in preceding FY
Tax period Extended date and no late fees if return filed on or before Principal place of business is in State/UT of
May, 2020 Group 1 States/UTs 12th July, 2020 Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep
May, 2020 Group 2 States/UTs 14th July, 2020 Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi
2.Normal Taxpayers filing Form GSTR-1
Tax period Due Date Waiver of late fee if return filed on or before
March 2020 11.04.2020 30.06.2020
April 2020 11.05.2020 30.06.2020
May 2020 11.06.2020 30.06.2020
Quarterly taxpayers Jan to March 2020 30.04.2020 30.06.2020

29/12/2017

Attention: Last dates of filing various forms. (under GST Regime)
28/12/2017

(1)FORM GST REG-26 (Application for enrolment of Existing
Taxpayer) : 31st Dec, 2017

(2) FORM GST ITC-04 : (Details of Goods/Capital Goods sent to Job-worker and received back) during the quarter July to September: : 31st Dec, 2017

(3) FORM GSTR-5 (Return for Non-Resident Taxable person) for the months of July, August, September, November, and December, 2017 : 31st Jan, 2018

(4) FORM GSTR-5A (Details of Supplies of Online Information and Database Access or Retrieval Services by a person located outside India made to Non-Taxable persons in India) for the months of July, August, September, November, and December, 2017 : 31st Jan, 2018

(5) FORM GST ITC-01 (Declaration for claim of Input Tax credit under Sub-section(1) of Section 18 ) by the registered persons, who have become eligible during the months of July, August, September, October, and November, 2017 : 31st Jan, 2018

(6) FORM GST CMP-03 (Intimation of details of stock on date of opting for composition levy) :31st Jan, 2018

26/12/2017

Important dates

GSTR-3B (Nov 2017) Dec 20th, 2017
GSTR-3B (Dec 2017) Jan 20th, 2018

Quarterly return for composition dealers

GSTR-4 (Jul-Sep, 2017) Dec 24th, 2017
GSTR-4 (Oct-Dec,2017) Jan 18th, 2018

Quarterly return for registered persons with aggregate turnover up to Rs. 1.50 crores

GSTR-1 (Jul-Sep, 2017) Dec 31st, 2017
GSTR-1 (Oct-Dec, 2017) Feb 15th, 2018

Monthly return for registered persons with aggregate turnover of more than Rs. 1.50 crores

GSTR-1 (Jul-Oct, 2017) Dec 31st, 2017

25/08/2017

How to claim ITC on old stock?
Which Form to choose?
"Any business having a closing stock -whether registered or not before GST, will be entitled to claim credit of tax paid under pre-GST regime. This claim of ITC also depends on few conditions .

"To help businesses transition smoothly and carry forward their input tax credit, the CBEC has released 2 transition forms called TRAN 1 and TRAN 2. Both these forms can be filed on ClearTax"..

25/08/2017

UPDATES FROM GST PORTAL:-

19/08/2017

For non-TRAN-1 cases, last date for payment and filing return is 25th August 2017.

19/08/2017

For TRAN-1 cases, last date for payment is 25th August 2017 and filing return continues to be 28th August 2017.

11/08/2017

The last date to Opt-In for Composition Levy for migrated taxpayers from previous regime is 16th Aug, 2017.

10/08/2017

We are disabling the E-Sign services from portal as the services are not stable at the moment. The moment they become stable, it will be made available on portal again.

07/08/2017

Taxpayers who have not filled Part B of their enrollment application, and would like to seek cancellation of registration, may do so now on GST Portal.

05/08/2017

Creation and saving of Return form GSTR-3B is available on GST Portal now.

24/07/2017

Creation and saving of Outward Supplies Return (Form GSTR-1) are available on GST portal now. The data uploaded by Suppliers can be viewed by counter party in Form GSTR-2A.

24/07/2017

Offline Utility for GSTR-1 for upload of invoice data/other records is available on GST Portal under Download section.

23/07/2017

The period for filing of intimation to opt composition scheme in FORM GST CMP-01 has been extended upto 16th August, 2017.

18/07/2017

The services “Amendment of Registration”, “Registration by Non-Resident Foreign Taxpayers”, and “Registration of Casual Tax payer” will be made available next week.

18/07/2017

Cancellation of migrated taxpayers service will be made available by end of July 2017.

15/07/2017

Upcoming services... more

15/07/2017

Services available ... more

06/07/2017

After generation of Application Reference Number (ARN), the Registration Certificate (RC) containing GSTIN will be issued after 3 working days, unless approved earlier by Tax Officer

28/06/2017

On account of deferment of TDS and TCS provisions in GST, Registration for the same will commence from 25th July 2017

25/06/2017

Are you a first time user? Click here to view a quick video on how to login to the GST Portal

25/06/2017

Do you wish to register under GST? Click here to view the list of documents required for Registration under GST.

25/06/2017

GST common portal has been launched for onboarding Taxpayers from 25th June 2017 for obtaining registrations.

25/06/2017

If you are an existing Taxpayer under VAT, Service Tax and Central Excise, you can enroll yourself till next 3 months.

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