Additionally, with the annual return filing deadline approaching, we’ve prepared a definitive article that encompasses all the vital details pertaining to GSTR 9. Read: Form GSTR 9 – Categories, Applicability, Parts & Sub-Parts, Preparation, & Filing. Now, let us look at GST due dates fo...
Availability of Input Tax Credit (ITC) for FY 2020-21: As per Section 16(4) of CGST Act, 2017, no taxpayer can take ITC for records (invoices and debit notes) for the supply of goods or services (or both) for FY 2020-21 after the due date of furnishing the return for the month...
Sl.No.Return Type(Form)To be filed byTax periodDue DateDue Date Extended till 1 GSTR-4 Composition Taxpayers (Annual Return) FY 2020-21 30th April, 2021 31st May, 2021 2 GSTR-5 Non Resident Taxpayers (NRTP) March/ April, 2021 20th April/ May, 2021 31st May, 2021 3 GSTR-6 Input...
Due date for furnishing TDS return for 4th Quarter F.Y. 2020-21 extended The Government extended the due date of filing TDS return for the 4th Quarter of F.Y. 2020-21 from 30th June 2021 to 15th July 2021 El Salvador becomes the first country to make Bitcoin legal tender in the countr...
Therefore, any difference between the turnover reported in the Annual Return (GSTR 9) and turnover reported in the audited Annual Financial Statement due to the difference in valuation of supplies shall be declared here. N. Adjustments in turnover due to foreign exchange fluctuations (+/- ):...
The five things which are required to be done before filing the annual return: A) List of All the Tax Invoices to Till Date Should be Listed and Reconciled All the tax invoices issued during the period should be kept and listed properly. It would be best if the invoices are segregated G...
Annual Finance Bill: This is the most common type of Finance Bill and is introduced by the government every year to give effect to the tax proposals announced in the Union Budget. It contains provisions related to taxation, expenditure, and revenue collection for the upcoming financial year. Fi...
Filing of return for September month, or Filing of annual return for the FY 2019-20 The due date for claiming such ITC for 2019-20 is 20th October 2020 ( due date for filing GSTR 3B return for Sept 20). But due to the outbreak of COVID-19 the suppliers may not file returns on ...
The person in charge of the conveyance carrying the export goods duly files a departure manifest or an export manifest or an export report covering the number and the date of shipping bills or bills of export. The applicant has furnished a valid return in FORM GSTR-3B The details of the ...
• Credit Memo Locking Date & Annual Return Filling Date needs to be specified here. This is mandatory for Posting Credit Memo. b. GST Group: • Goods and Services of similar nature are grouped here. Each group is assigned a group code. • Place of Supply can also be defined for ...