0

The Central govt. shall disburse the consolidated refund amount (CGST+SGST+IGST) – Rule 91(4).

Category : | Author : MasterGST
As per the existing procedure, the proper officer shall finalize the refund claime and issue payment advice, later the disbursement of the CGST/SGST/IGST shall be done by the respective officers. Considering the delay in disbursement of refunds by state governments, new Sub-rule 4 has been inserted in Rule 91, to provide that all the components … "The Central govt. shall disburse the consolidated refund amount...
0

Procedure for Invoicing & Declaration of turnover during the period of suspension of registration has been amended– Rule 21A

Category : | Author : MasterGST
The Rule 21A talks about the suspension of the registration. The sub rule 3 specifies, in case of suspension, the supplier should not make any taxable supplies. Which is leading to interpretation of holding up the activities till the date of revocation. Hence, an explanation has been inserted for Rule 21(3) to clarify that the … "Procedure for Invoicing & Declaration of turnover during the...
0

Filing of Annual return has been made optional for the registered person with T/O < 2 crores.

Category : | Author : MasterGST
The govt. has notified that, filing of annual return is optional for the tax payers with turnover up to 2 Crores for the financial year. However, such option has been provided only for the Financial years 2017-18 and 2018-19. Further, it is specified that, if the tax payer doesn’t file the same with in the … "Filing of Annual return has been made optional for...
0

Due dates for GSTR-3B and GSTR-1 for Oct’19-Mar’20 have been notified

Category : | Author : MasterGST
Notification / Order Return Related to Period Due date 44/2019 GSTR-3B_Monthly All Oct’19-Mar’20 20th of following month 45/2019 GSTR-1_Quarterly Persons with t/o < 1.5Crs Oct’19-Dec’19 31-Jan-20 Jan’20-Mar’20 30-Apr-20 46/2019 GSTR-1_Monthly All Oct’19-Mar’20 11th of following month Notes:  It is planned to introduce the new returns from Apr’20, unless the same are postponed, the GSTR-1 and 3B … "Due dates for GSTR-3B and GSTR-1 for Oct’19-Mar’20 have...

Contact Us for MasterGST GST Software Demo