Scrutiny of GST returns and Parameters thereof as per SOP

Scrutiny of GST returns and Parameters thereof as per SOP Recently, the Central Board of Indirect Taxes and Customs, vide instruction no. 02/2022-GST dated 22nd March 2022, has come up with the Standard Operating Procedure (SOP) to be followed for…

Extension of Due Date for Form GSTR-3B & FORM GST PMT-06 for April 2022

Extension of Due Date for Form GSTR-3B & FORM GST PMT-06 for April 2022 In a relief for tax professionals and taxpayers who were facing technical glitches in filing GSTR-3B return for April 2022, the Central Board of Indirect Taxes…

Consequence of non-filing/ late filing of Form GSTR-1 and Form GSTR-3B

A consequence of non-filing/ late filing of Form GSTR-1 and Form GSTR-3B Two GST returns, namely Form GSTR-1 and Form GSTR-3B, places a vital role in the life of a normal registered person under GST. Form GSTR-1 covers details of…

Mandatory reconciliation of Form GSTR-3B and Form GSTR-2B

Mandatory Reconciliation of Form GSTR-3B and Form GSTR-2B Under GST, the introduction of both auto-generated statements in Form GSTR-2A and thereafter Form GSTR-2B created huge havoc with regard to which form to be considered as a base for availment of…

Initiation of recovery proceedings due to difference between GSTR-1 and GSTR-3B

Initiation of recovery proceedings due to difference between GSTR-1 and GSTR-3B Under Goods and Services Tax, various amendments were made effective from 1st January 2022. Out of them, one of the important amendment that is creating a huge hue and…

CBIC Extends Due Date of Various GST Compliance beyond 31st August 2021

CBIC Extends Due Date of Various GST Compliance beyond 31st August 2021 Based on the multiple representations received, The Central Board of Indirect Taxes and Customs (CBIC), vide various notifications published on 29th August 2021, notified multiple reliefs under GST laws.…

Salient Features of the QRMP Scheme

Salient Features of the QRMP Scheme The Goods and Service Tax Network (GST) has announced the Salient features of Quarterly Return Monthly Payment QRMP Scheme vide a Notification dated 20.11.2020. The GST registered person having aggregate turnover of five crore rupees will…

Clarification on cumulative applicability of rule 36(4)

Clarification on cumulative applicability of rule 36(4)  The present article covers the recent clarification issued by the Central Board of Indirect Taxes and Customs, vide circular no. 142/12/2020- GST dated 9th October 2020, with regard to the applicability of rule…

Extension of GST Return Filing Timelines, Appeal and Compliance – Coronavirus

Extension of GST Return Filing Timelines, Appeal and Compliance The Ministry of Finance had announced several relief measures to cater to the business affected due to the prevailing lockdown for COVID-19 pandemic. The Central Board of Indirect Taxes and Customs…

GSTR-3B Due Date 2020

GSTR-3B Due Date 2020 As the spread of Corona Virus increased across the globe causing destruction to lives, livelihood and economy. To provide support during this situation, the governments across countries support their people by providing essential needs 24x7. The…