Few important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers are as given below: A. Auto population of GSTR-3B liability from IFF and Form GSTR 1 : A taxpayer under QRMP Scheme can...
The CBIC has notified the waiver of penalty for non-compliance to QR code provisions if compiled by September 30, 2021 for default during the period December 1, 2020 to September 30, 2021 vide Notification No. ...
The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of Notification 14/2020 dated 21s...
The 43rd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing on 28/05/2021. The GST Council has made the following important...
The Good and Service Tax Network has said that the GSTR-2B for April 2021 will be generated after the due dates. The Rule-60(7) of CGST Rules-2017 prescribes for generation of auto-drafted statement containing the det...
Amidst the COVID19 pandemic throughout the country and lockdown already in force in most parts of the country, CBIC has issued various notifications to provide relief to the taxpayers for various GST compliance. Summa...
With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis. They also have...
The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, has been made available which are summarized below. Auto Generation of Form GSTR-2B, for th...
GSTN has issued a clarification on reporting 4-digit and 6-digit HSNs after it's helpdesk was in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes were not available in H...
The CBIC has issued an Advisory on payment of tax by taxpayers under QRMP Scheme, for the month of March, 2021. All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards),...
