Mithwani & Associates

08/12/2018

Extension of due date for filing FORM GSTR-9 (Annual return) FORM GSTR-9A and FORM GSTR-9C (CA certification)

24/09/2018

CBDT extends due date for filing of Income Tax Returns and Audit Reports from 30th Sept 2018 to 15th Oct 2018

02/07/2018

NO E-way bill required for Intra State Movement in Maharashtra for value upto Rs. 1 Lakh.

16/06/2018

18/05/2018

Due date of GSTR 3B for April'18 extended to 22 MAY'18 vide notification no. 23/2018-Central Tax

05/01/2018

https://economictimes.indiatimes.com/news/politics-and-nation/gst-raid-on-jewellers-government-begins-crackdown-as-tax-mop-up-slips/articleshow/62377666.cms

So far, the government had been trying to lighten the compliance burden on businesses due to the complexity of the new tax regime.

30/10/2017

July GSTR 2 & GSTR 3 Due Date Extended
The due date for GSTR 2 return for the month of July 2017 has been extended today till 30th November 2017. The due date for filing GSTR 3 return of July 2017 has also been extended until 11th December 2017. The announcement was recently made by the Hon’ble Finance Minister on 30th October 2017. The extension will ease the compliance burden for millions of small businesses across the country.

27/10/2017

Providing relief to businesses that missed the deadline for filing goods and services tax (GST) returns for August and September, the late fee for the two months has been waived.

Finance minister Arun Jaitley, who chairs the federal indirect tax body, the GST Council, tweeted on Tuesday that the decision to waive the late fee on filing the summary GST return called 3B was taken to provide relief to taxpayers. “Late fee paid will be credited back to taxpayer ledger,” the minister said.

Late fee for the month of July has already been waived, allowing assessees to file returns long after the deadline. This prompted waiver of the Rs100 a day fee that is payable for the period between the filing deadline and the day the return is filed.

However, the government has not announced a waiver on the interest to be paid for late payment of taxes.

A little over 3.94 million assessees paid GST and filed returns for the month of September, as compared with the 3.76 million returns received for the previous month. This indicates compliance by over half the assessees who are expected to file summary returns on a monthly basis. Small businesses and restaurants with annual sales of up to Rs1 crore are allowed to file returns on a quarterly basis.

Abhishek Jain, tax partner, EY India, said the waiver of late fee is a welcome step. “Given that GST is a new law and taxpayers are still getting used to it, coupled with GSTN-related issues, this waiver was clearly warranted,” he said. GSTN is the company that processes returns. It had run into technical glitches which initially affected the filing of returns.

The summary tax return 3B for every month is to be filed by the 20th of the following month.

27/10/2017

The government on Thursday extended the deadline by a month till 30 November for businesses to claim credit of transitional stock in the goods and services tax (GST) regime.

“Form GST TRAN-1 (with revision facility) extended to 30 November 2017,” said a tweet by GST@GOI, the official twitter handle of the government for GST.

TRAN-1 is to be filed by those businesses that are keen to claim credit for taxes paid before the launch of GST on 1 July.

“The extension would aid in subsiding the anxiety among various industry players, caused on account of revision option of TRAN-1 not being available on the portal even 4 days prior to the due date,” EY India tax partner Abhishek Jain said.

The GST Council, in its 21st meeting in Hyderabad, had decided to extend the deadline for filing TRAN-1 form to 31 October, from September-end earlier. It also allowed businesses to revise the form once in the case of any discrepancy.

As much as Rs65,000 crore out of the nearly Rs95,000 crore tax collections in July—the first month of GST—have been claimed as transitional credit by taxpayers. Following this, the Central Board of Excise and Customs (CBEC) had ordered a scrutiny of all such claims above Rs1 crore.