Steps to file Form Nil GSTR 1 via SMS

To ease the compliance process, Central Board of Indirect Taxes and Customs (CBIC) via notification 58/2020 –Central Tax has now allowed filing Nil GSTR 1 and Nil GSTR 3B via SMS.

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Upcoming GST Return Filing Changes and Its Impact

The government is planning to change some specifications to ease the compliance process. Here are the upcoming GST return filing changes and its expected impact. Read more…

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GST Compliance Calendar July 2020

Here’s the Compliance Calendar for the year 2020 with all the due dates regarding the updated GST Returns and also due dates for income tax returns.

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Updates in GST Return due dates

Analysing the GST compliance trend of taxpayers, it is observed that the percentage of filing for GSTR 3B is higher than GSTR 1.

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Measures released by the Government for MSMEs

Measures released by the government for MSMEs (Micro, Small, and Medium size businesses) to compensate for their loss that occurred due to the COVID-19 crises and the lockdown.

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ITC-02A (Rule 41A) Enabled on GST Portal- 4 Things to know

Form GST ITC-02A is a declaration of unutilized ITC transfer by a taxpayer for procurement of a separate registration within the same state or union territory. Here are the steps for both transferor and transferee in detail!

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Steps to file NIL GSTR 3B via SMS are now issued by CBIC

As a measure to ease the compliance process, the Central Board of Indirect Taxes and Customs (CBIC) has now allowed filing NIL GSTR 3B via SMS through Notification - 38/2020.

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How an ASP+GSP Offering can Simplify Your GST Compliance

The GSPs exist so as to help ASPs connect with the GSTN Network. Know why you should choose GSP+ASP and not just ASP.

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COVID-19: New relief measures issued amidst Lockdown 3.0

Here are the new relief measures released by CBIC via latest notifications and circulars. These recent updates with regards to COVID-19 serve as relief measures and will prove to be beneficial for the taxpayers:

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Form PMT-09: Instrument for taxpayers to transfer ECL balance to appropriate heads

Form PMT-09 has been enabled on the GST Portal by the CBIC. All the registered taxpayers are eligible to file PMT-09 and use to rectify/shift ECL balance. It has been made live on 21 April, 2020. Read on…

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New Announcements by the Finance Minister in view of COVID-19 outbreak- Notifications Released

The Government of India has taken these measures and has implemented these changes in the view of the COVID-19 outbreak. Smt. Sitharaman made these announcements via video conferencing today i.e. on 24th March, 2020.

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FY 2019 – 2020 GST Compliance Calendar

From March 1 onwards, a 28% Goods and Service Tax i.e. GST will be levied on all the lotteries. It has been imposed on all the state-run and authorised lotteries!

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