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Gst Returns Filing Form

GST payers with no valid bank account barred from filing GSTR-1 from Sept 1

GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory. As per GST Rule 10A, a taxpayer is required to furnish details of a valid bank account within a period of 30 days from the date of grant of registration, or before furnishing the details of outward supplies of goods or services or both in Form GSTR-1or using Invoice Furnishing Facility (IFF), whichever is earlier. "From 1st September, 2024 this rule is being enforced. Therefore, for the tax period August-2024 onwards, the taxpayer will not be able furnish GSTR-01/IFF as the case may be, without furnishing the details of a valid bank account in their registration details on GST portal," GSTN said in an advisory dated August 23. The GST Council in its meeting in July last year, had approved amendment to Rule 10A to strengthen the registration process and to effectively deal with the menace of fake

GST payers with no valid bank account barred from filing GSTR-1 from Sept 1
Updated On : 26 Aug 2024 | 11:55 PM IST

GSTN says GSTR-1 filing due date for March to be extended till Apr 12

The GST Network (GSTN) on Thursday said the due date for filing return for outward supplies or GSTR -1 for March will be extended till April 12. In a post on X (formerly Twitter), the GST Tech said the GSTN has noticed that taxpayers are facing difficulties in filing GSTR-1 intermittently since Wednesday due to technical issues leading to slow response on the portal. "GSTN has accordingly recommended to @cbic_india that the due date for filing of GSTR-1 for the monthly taxpayers be extended by a day ie till 12/4/24," the GST Tech said. The due date to file GSTR-1 for a given tax period is 11th day of the succeeding month in case of taxpayers filing it monthly and the 13th day of month succeeding the end of every quarter in case of taxpayers filing quarterly.

GSTN says GSTR-1 filing due date for March to be extended till Apr 12
Updated On : 11 Apr 2024 | 11:35 PM IST

Centre to come up with pre-filled GST return forms by year-end: Report

The consolidated form, being readied by the Central Board of Indirect Taxes and Customs, will allow the GST-payers to view all of their transactions as well as e-invoices

Centre to come up with pre-filled GST return forms by year-end: Report
Updated On : 12 Jun 2023 | 10:13 AM IST

GSTN advises taxpayers to plan return filing to avoid last-minute rush

GST Network has advised taxpayers to plan return filing and invoice uploading better and avoid the last-minute rush, which results in the clogging of GST systems. It said that 20.05 lakh GSTR-3B returns were filed on April 20 -- the last day for filing tax returns for sales in March, resulting in a waiting queue on the GST system and causing inconvenience to some of the taxpayers. Around 45 per cent of the returns filed on April 20 were either NIL returns (no tax liability and no ITC availment) or were such returns where no tax was paid in cash. It also highlighted that some taxpayers are uploading a large number of invoices (up to 27 lakhs) of the past period in one GSTR-1 on the due date of filing. "Taxpayers are advised to inculcate a month-wise return filing discipline for all the B2B invoices for the month and avoid reporting invoices of the past period in one go, as such behaviour can adversely impact the queue (waiting time) on the GST system," GSTN said in an advisory to ..

GSTN advises taxpayers to plan return filing to avoid last-minute rush
Updated On : 05 May 2023 | 4:25 PM IST

No extra load on taxpayer for GST turnover shown in form 26AS: Revenue dept

Form 26As is a yearly consolidated tax statement accessible from income-tax dept's website using a PAN. One can refer to it for details of high-value expenses and taxes paid

No extra load on taxpayer for GST turnover shown in form 26AS: Revenue dept
Updated On : 16 Nov 2020 | 4:48 PM IST

Budget 2020: Govt to bring simplified return form for GST from April 2020

In her second Budget presentation, the finance minister said GST has resulted in gains of Rs 1 lakh crore to consumers and removed inspector raj and also helped the transport sector

Budget 2020: Govt to bring simplified return form for GST from April 2020
Updated On : 01 Feb 2020 | 11:35 AM IST

Finance Ministry allows 3 last dates for filing GSTR-3B for taxpayers

From now onwards, there will three dates -- 20th, 22nd and 24th -- of every month for different categories of tax payers

Finance Ministry allows 3 last dates for filing GSTR-3B for taxpayers
Updated On : 22 Jan 2020 | 9:05 PM IST

GST Diwas held in 125 cities for feedback on new return filing system

About 7,500 trade associations/stakeholders participated in the programme, Central Board of Indirect Taxes and Customs (CBIC) said in a statement

GST Diwas held in 125 cities for feedback on new return filing system
Updated On : 07 Dec 2019 | 10:47 PM IST

FM holds first of a series of meetings with CAs, traders on simplifying GST

The new GST return is available on the portal for trial; consultations will be held across country on December 7 to get feedback on the new system

FM holds first of a series of meetings with CAs, traders on simplifying GST
Updated On : 16 Nov 2019 | 9:00 PM IST

GST network releases online version of two simplified forms for taxpayers

The new simplified returns called ANX-1 and ANX-2 will replace the existing forms by January 2020

GST network releases online version of two simplified forms for taxpayers
Updated On : 14 Sep 2019 | 3:39 AM IST

Infosys to design new GST returns forms, rollout in 4-6 months: Sushil Modi

As decided by the GST Council, e-commerce firms will pay Tax Deduction at Source and Tax Collected at Source with effect from October 1

Infosys to design new GST returns forms, rollout in 4-6 months: Sushil Modi
Updated On : 22 Sep 2018 | 8:56 PM IST