It suggested the CBIC to extend the due date by one day for monthly taxpayers, until April 12, 2024. Top GST News for the month of March 2024 Several new GST rules came into effect from the first day of March, which also marks the last month of the current financial year, impacting ...
Now, let us come to our monthly GST Due dates. Here is a comprehensive image of our GST Compliance Calendar. It has all the GST Compliance Due dates for June 2022 so that you never miss a GST due date! You can refer to this GST Due Dates – June 2022 Calendar throughout the month...
(vi) Non- Resident Taxpayers (foreigners) would be required to file GSTR-5 return for the period for which they have obtained registration within a period of seven days after the date of expiry of registration. In case registration period is for more than one month, monthly return(s) would...
The due date for filing GSTR-3B for the month of February 2023 has been extended to March 15, 2023. GSTR-3B is a monthly return that all GST taxpayers are required to file. The GST Council has also decided to waive the late fee for filing GSTR-3B for the months of October, Nove...
Reporting periods:Decide whether monthly, quarterly, or annual GST reporting best aligns with your business operations. Regular reporting can assist with budgeting and financial planning. How to calculate GST Identify the applicable rate:Determine the GST rate that applies to the goods or services bein...
# Return Filing & Payment:-Every GST registrant requires to file three monthly/quarterly returns and One annual return. Requires paying tax every month. # Composition Scheme:-Business units having an annual turnover less than INR 1.5 crore may opt the scheme. Requires to pay subsidize tax range...
File the outward return, inward return, and cumulative monthly return File the outward supply returns of GSTR-1 Verify the outward supplies information File details of credit or debit notes Add details of the inward supplies in GSTR-2
Yes, GST is paid monthly for most businesses. 2. Can I make GST payments after 8 PM? Yes, you can make GST payments after 8 PM using online methods such as Net Banking, UPI, and credit/debit cards, as the GST payment facility is available 24/7. However, it’s important to note ...
The date of royal assent is important because the new regime applies to tax periods starting on or after that day. For monthly taxpayers that means tax periods starting 1 June 2014 and for quarterly taxpayers that means tax periods starting 1 July 2014. ...
If so, you can claim those ITCs in a future GST/HST return as long as it is filed by the due date of the return for the last reporting period that ends within four years after the end of the reporting period in which the ITC could have first been claimed. ...