Posted On:  2 months ago


New features added in Form GSTR 3B and other functionalities made available on the GST Portal

Filing of Form GSTR 3B : Filing of Form GSTR 3B has been made easier and user friendly with following features : a) While proceeding to payment you can see details of balances as available in cash and credit ledgers at one place. b) Tax liabilities as declared in GSTR 3B along with the credits gets updated in the ledgers and reflected in the "Tax payable" column of the payment section and can be seen while hovering on the said headings of credit in the payment section.

article author CA Chirag Chauhan

Posted On:  4 months ago


How to File GSTR 1 returns Monthly and Quarterly before due date 31 December

Functionality to file Monthly and Quarterly returns has been provided in GST portal, for those tax payers whose value of clearance is less than or more than 1.5 Crore in current or previous financial year

article author CA Chirag Chauhan

Posted On:  5 months ago


Update on GST refund of IGST and Input tax credit

Exporters have been complaining about delay in grant of refunds pertaining to Integrated Goods and Services Tax (IGST) paid on goods exported out of India and similarly Input Tax credit (ITC) on exports. There are media reports with exaggerated estimations of refund amounts which are held up for the period July to October

article author One Roof Consultant

Posted On:  7 months ago


On Blockage of Working Capital of Exporters

There are lots of apprehensions expressed in the media about the problem of blockage of working capital for exporters’ post-GST. There are various figures also being discussed on the blockage of such funds, which are wild estimates. Such media reports are not based on facts

article author CA Chirag Chauhan

Posted On:  8 months ago


How to file GSTR 3B - FAQ GST

GSTR 3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner

article author CA Chirag Chauhan

Posted On:  10 months ago


Relaxation in return filing procedure for first two months of GST implementation Form GSTR 3B

The government recently has received so many representation from various industry and professionals to postponed date of implementation of GST from 1 July to 1 September. So considering many representation government has given extension for filing returns for first two months, with the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry. For the first two months of GST implementation, the tax would be payable based on a simple return (Form GSTR-3B) containing summary of outward and inward supplies which will be submitted before 20th of the succeeding month.

article author CA Chirag Chauhan