Goods and Services Tax – GST – By: – Manish Didwania – Dated:- 20-11-2017 Last Replied Date:- 21-11-2017 – These Changes shall be effective prospectively from November 15, 2017 Relaxation in GST returns filing a. GSTR-1 S. No. Period Due Dates For registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year 1 Monthly July – October, 2017 31st December, 2017 2 Monthly November, 2017 10th January, 2018 3 Monthly December, 2017 10th February, 2018 4 Monthly January, 2018 10th March, 2018 5 Monthly February, 2018 10th April, 2018 6 Monthly March, 2018 10th May, 2018 The registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial ye
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Jan – Feb 20, 2018 Feb – March 20, 2018 March – April 20, 2018 f. GST Tran 1 GST Tran 1 – 27th Dec 2017 Revised GST Tran 1 – 27th Dec 2017 No GST on advance payment Seeks to exempt all taxpayers from payment of tax on advances received in case of supply of goods Late filing fees – GSTR-3B Late Fee credit – Late fees for GSTR-3B of July, Aug and Sept waived. Any late fees paid for these months will be credited back in Electronic Cash Ledger under Tax and can be utilized to make GST payments. October onward ₹ 25 per day and where tax amount payable is nil, it is ₹ 10 per day. – Reply By Ganeshan Kalyani – The Reply = GST on advance received is exempted for registered person other than composition dealer. So if composition dealer
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