GST late fee waiver scheme launched and GSTR1 filing date extended*
By: – Sandeep Rawat
Goods and Services Tax – GST
Dated:- 14-9-2018
GST late fee waiver scheme launched and GSTR-1 filing date extended*
It has been observed that the number of taxpayers who have filed FORM GSTR-3B is substantially higher than the number of taxpayers who have furnished FORM GSTR-1.
✔Non-furnishing of FORM GSTR-1 is liable to late fee and penalty as per the provisions of the GST law.
✔In order to encourage taxpayers to furnish FORM GSTR-1, a one-time scheme to waive off late fee payable for delayed furnishing of FORM GSTR-1 for the period from July, 2017 to September, 2018 till 31.10.2018 has been launched.
✔In this
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, or whose principal place of business is in Kodagu (Karnataka) and Mahe (Puducherry), the due date for furnishing FORM GSTR-1 for the quarter July, 2018 to September, 2018 would continue to remain as 15th November, 2018 as notified vide notification No. 38/2018-Central Tax dated 24th August, 2018.
✔ Further, for those taxpayers who will now be migrating to GST as per the procedure specified in notification No. 31/2018-Central Tax, dated 06.08.2018, the last date for furnishing the details of outward supplies of goods or services or both in FORM GSTR-1 and for filing the return in FORM GSTR-3B for the months of July, 2017 to November, 2018 has been extended till 31.12.2018.
✔ Notification Nos. 45, 46 and 47/2018 – Central Ta
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