WFH Possitivity Dossier

DAY 4

We are already on day 4 of our challenge! Today, let us learn something that will not just relax our mind but also boost our immunity! Amidst this COVID-19 outbreak chaos, it is best to keep our mind and body healthy so as to be productive even during such a sensitive time! So without further delay, let’s begin…

Yoga Pose for the Day

By Meghana Pawar – Certified Yoga Trainer

Bhujangasana – The Cobra Pose

Start with 10 minutes of stretching, warm-up and practice yesterday’s yogasana – Tadasana . Now, let’s gear up for today’s simple yet a super effective asana –Bhujangasana. So there are many versions of this posture, we will perform the one that gives us the maximum benefits.

Imp to note: As snakes do not have hands, we won’t be using our hands to lift up our body. We will lift up our body with the help of our back muscles, spine and core muscles. You will need a yoga mat or a normal mat for this posture.

Steps to perform the asana:

Step 1: Lie down on your stomach comfortably. Initial relaxation posture.

Step 2: Bring both your legs in the centre, toes together, heels together, knees together. Keep them together throughout the asana.

Step 3: Bring both your hands beside your chest. Your hands should be extremely close to your body. Elbows and shoulders of both your hands are coming inwards and not outwards.

Step 4: Slowly lift your upper body up with the help of your spine, back and core (stomach) muscles. Neck up fully. Facial muscles relaxed. Close your eyes, don’t strain them while looking up. Note that your body weight is not on the hands at all.

Step 5: Maintain step 4 for 3 to 5 breaths or as per your capacity. To come out, slowly open your eyes and keep your upper body down. Relax your hands and legs.

Contraindications:
Severe back ache, neck ache, any acute abdominal issue like ulcers, appendicitis or hernia must avoid. Women who are in their monthly cycle can avoid. Pregnant women must completely avoid this asana.

Benefits:

So there are a lot of benefits of this asana. Consistent practise of Bhujangasana can help:

To Boost Immunity which is the need of the hour!
The respiratory, digestive and excretory processes improve.
It helps improving our digestive system.
Stretch to the neck and throat improves the blood circulation. It improves the health of thyroid and other glands located there. Balances your hormones thus reduced hormonal issues and even mood swings.
Back and abdominal muscles are strengthened.
Blood circulation in the spine region and vertebral region improves.
Flexibility of the spine is maintained.
Excessive stooping or slouching causes our back to take an abnormal shape overtime. Performing this asana regularly can help you with the deformities.
Back pain is reduced and flexibility of your lower back is enhanced.
Helps relieve stress and fatigue

Remember: Smiling through the pain makes life a bit easier!

#Everything GST in 21 Days

Compliance Calendar – Current GST Returns

Today, we are covering the due dates of GST filing. The monthly compliance has gone for a toss because of the complete lockdown of states amid Corona Virus outbreak. Hence, the government has taken some relief measures for businesses. The GST filing due dates have been extended. Please refer below mentioned details for your reference.

Compliance Calendar – Current forms

Actual dates:

Return Period	GSTR-1	GSTR-3B	GSTR-5	GSTR-6	GSTR-7	GSTR-8	EInvoice	ANX-1	RET-1
February	11^th March 2020	22^nd March 2020* and 24^th March 2020**	20^th March 2020	13^th March 2020	10^th March 2020	10^th March 2020
March	11^th April 2020	22^nd April 2020* and 24^th April 2020**	20^th April 2020	13^th April 2020	10^th April 2020	10^th April 2020
April	11^th May 2020	20^th May 2020	20^th May 2020	13^th May 2020	10^th May 2020	10^th May 2020	1^st April, 2020 onwards	April 2020	April 2020
May	11^th June 2020	20^th June 2020	20^th June 2020	13^th June 2020	10^th June 2020	10^thJune 2020

*22^nd March 2020 is the deadline for taxpayers having an aggregate turnover of up to rupees five Crore in the previous financial year, whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep

**24^th March 2020 is the deadline for taxpayers having an aggregate turnover of up to rupees five Crore in the previous financial year, whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam,West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi

Impact of Covid-19

Return Period	GSTR-1	GSTR-3B	GSTR-5	GSTR-6	GSTR-7	GSTR-8
February	11th March	30th June	30th June	30th June	30th June	30th June
March	30th June	30th June	30th June	30th June	30th June	30th June
April	30th June	30th June	30th June	30th June	30th June	30th June
May	30th June	30th June	30th June	30th June	30th June	30th June
June	11^th July	Currently no notification is available to specify due date of GSTR3B and if no notification is received it may be assumed as 20^th of next month	20^th March	13^th July	10^th July	10^th July
July	11^th August		20^th August	13^th August	10^th August	10^th August
August	11^th September		20^th September	13^th March September	10^th September	10^th September
September	11^thSeptember		20^th September	13^th MarchSeptember	10^th September	10^th September
October			20^thOctober	13^thOctober	10^thOctober	10^thOctober

Announcements in 39^th Council Meeting

Return Period	EInvoice	ANX 1 & 2	RET-1
October 2020	October onwards	October onwards	October onwards

Till the time new returns are implemented old returns shall be continued to be filed till September 2020

Points to note:

Those having aggregate annual turnover less than Rs. 5 Crore Last date can file GSTR-3B due in March, April and May 2020 by the last week of June, 2020. No interest, late fee, and penalty to be charged.
Others can file returns due in March, April and May 2020 by last week of June 2020 but the same would attract reduced rate of interest @9 % per annum from 15 days after due date (current interest rate is 18 % per annum). No late fee and penalty to be charged, if complied before till 30th June 2020.

Due dates for Jammu and Kashmir

GSTR-3B for the months of July,2019 to February, 2019 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir shall be filed by 24th March 2020
GSTR-1 for the months of July, 2019 to February 2020 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir and having turnover of above 1.5 Cr. shall be filed by 24th March 2020
GSTR-1 for the quarter of July, 2019 to September, 2019 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir and having turnover of above 1.5 Cr. shall be filed by 24th March 2020.
GSTR-1 for the quarter October 2019 till December 2019 for registered persons whose principal place of business is in erstwhile State of Jammu and Kashmir or Union territory of Jammu and Kashmir or Union territory of Ladakh , shall be filed by 24th March 2020
GSTR-7 of taxpayers having principal place of business in the erstwhile State of Jammu and Kashmir or having principal place of business in the Union territory of Jammu and Kashmir or the Union territory of Ladakh is extended to 24th March, 2020

Other important due dates:

GSTR-9 and GSTR-9C of financial year 2018-19 to be extended to 30^th June, 2020.
Payment date under Sabka Vishwas Scheme shall be extended to 30th June, 2020. No interest for this period shall be charged if paid by 30th June, 2020.
The last date for making payments for the quarter ending 31st March, 2020 and filing of return for 2019-20 by the composition dealers will be extended till the last week of June, 2020

“Sometimes you need a little crisis to get your adrenaline flowing and help you realise your potential.”

By Jeannette Walls

GST which was introduced in 2017 has been an exciting journey since. And there are always some or the other changes being introduced to streamline the entire process. You can find all the notifications/circulars/orders or press release here.

Book of the Day

Title: 4 Hour Work Week

Author: Timothy Ferriss

Key takeaways from the Book:

• Define our Goals: Tim tells us to define our goals. We must have it extremely clear in our head rather on a paper. He suggested the concept of making a ‘dreamline’ i.e. writing down your dreams from every area of your life and how you plan to achieve them. He gave an example of his dreamline for 6 months. We must jot down clear action steps to achieve them. You can access this sheet sample on www.fourhourblog.com.

• Live today: The concept of the new rich;the ‘new rich’ are those who want their wealth and live a rich life NOW, in the present. He does not believe in working for long hours ‘day in’ and ‘day out’ while saving for retirement and being miserable in the present.

• Eliminate the time wasters: Eliminate people, things and tasks that consume your time and drain your energy. Delegate trivial tasks and focus on important ones. Be effective and not efficient. Being effective is doing things that get you closer to your goals. Being Efficient is doing the task at hand (whether important or not) in the most economical manner.

• Follow the 80/20 rule: Ask these questions: “Which 20% of the sources are causing 80% of my problems and unhappiness?” “Which 20% of sources are resulting in 80% of my desired outcomes and happiness?” And then start working on those 20% sources.

• Automate: Automate your money, your business and your life! Hire virtual assistants, hire employees that can run your business for you and don’t micro-manage.

• Liberate: Don’t be stuck in a cubical. Live a mobile lifestyle, a happy one, one that you always dreamt of! The author brings in the concept of having a free lifestyle and not being bounded by unnecessary things, work, and people. He suggests taking mini-retirements and not worrying about one final retirement scenario. Enjoying life in the present is his mantra.

Conclusion:
Day four of the challenge has been wrapped! Hope you are loving the series as much as we do! Do comment below and share what all things you are practising to keep your mind positive. Feel free to share this with your friends and colleagues! You can also check out our GST Blog for the latest GST updates!