GST TaxPro

09/09/2021

Another Extension for ITR

22/08/2021

First now

01/07/2021

12/06/2021

In 44th meeting, GST Council has decided to reduce the GST rates on the specified items being used in COVID-19 relief and management till 30th September, 2021.

28/05/2021

Some Major Decision by GST Council for trade facilitation:

1. Late fee waiver on GSTR3B:

Taxpayer having turnover upto 5 crores:
- March : 19th June/23 June
- April : 4 July
- May : 20 July

For taxpayer having turnover more than 5 crore:
- March : 5 May
- April : 4 June
- June : 5 July

Due date for GSTR1 of May month extended to 26th June/ 28 June

Due date for GSTR4 extended to 31 July

Due date for ITC-03 for March 21 extended to 30 June.

2. GST amnesty scheme : Late fee for non filing of GSTR3B from July 2017 to April 2021 has been reduced to :
-500 per return for Nil return.
- 1000 per return for others.
If filed between 01/06/21 to 31/08/21.

3. Late fee for delay in filing of returns has been capped (for prospective tax periods) as follows:
- for NIL tax liability: Maximum 500 per return
- for taxpayer having turnover upto 1.5 crores in preceding FY : Maximum 2000 per return
- for taxpayers having turnover between 1.5 to 5 cr : Maximum 5000 per return
- above 5 crores : Maximum 10000 per return

4. Time limit for completion of variousactions, by any authority or by any person, under the GST Act, which falls during the periodfrom 15th April, 2021 to 29th June, 2021, to be extended upto 30th June, 2021, subject tosome exceptions.

5. The filing of annual return in FORM GSTR-9 / 9A for FY 2020-21 to be optional for taxpayers having aggregate annual turnover up to Rs 2 Crore.

6. FORM GSTR9C will be filed by taxpayers having turnover more than 5 crores for FY 2020-21.

20/05/2021

Various due date in Income Tax has been extended

1. TDS return for last qtr of 2020-21 whose due date was 31st May 2021 extended to 30th June 2021.

2. Due date for filing of ITR (AY 2021-22) in non audit cases extended to 30th Sept 2021.

3. Due date for Tax Audit extended to 31st Oct 2021.

4. Due date for filing of ITR in audit case extended to 30th Nov 2021.

01/05/2021

After Income Tax , A time for GST relaxation

1. No late fees for filing 3B of Mar/April 3b upto 15 days & 30 days from original due date for taxpayer with t/o

01/05/2021

Income Tax:
Due date for filing of ITR for AY 2020-21 has been extended upto 31st May 2021.

04/04/2021

CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021

04/04/2021

HSN/SAC mandatory from 1st April 2020

10/03/2021

GST Update :

GSTN enabled new functionality to search HSN/SAC by Name or Code


Link :

services

08/03/2021

GST Update-
Taxpayers having an aggregate annual turnover in excess of ₹50 crores will be required to issue e-invoice from 1st April 2021.