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A new interest calculator functionality has been introduced on the GST portal to assist taxpayers in calculating interest applicable for delayed filing of returns.
Details of the new functionality here: https://t.co/ng80rNKJTL
GST portal confirms restriction in filing of GSTR-1 where GSTR-3B of the preceding month, in case of monthly filers, has not been filed.
Read the full update here: https://t.co/8Sz6sRrZrW
#GSTportalupdate#CBIC#GSTportal
Notification 40/2021-Central Tax dated 29th December, 2021 confirms speculation of GSTR 9/9C due date extension from 31st December, 2021 to 28th February, 2022.
Revision of GST rates on apparels, footwears and other made up textile articles from 5 percent to 12 percent effective 1st January, 2022.
https://t.co/5xsAm6DLO3
CBIC streamlines disallowance of debit of electronic credit ledger under Rule 86A of the CGST Rules, 2017.
Here are the key takeaways: https://t.co/7duNy4b9zE
#gst#gstupdates#Rule86A#CBIC#importantgstupdates
Issue-8 (Vol.2) of GST TIMES newsletter focuses on the summary of Notifications issued in October 2021, analysis of cases, recent GST updates, and articles on GST Council Meeting & Section 16(2)(c)- Eligibility and conditions for taking Input Tax Credit.
https://t.co/RKZaAXfGWD
Issue-7 (Vol.2) of GST TIMES newsletter focuses on the summary of Notifications issued in September 2021, analysis of cases, recent GST rulings, and articles on Anti-profiteering & Refund of ITC in case of Inverted Duty Structure.
Access it here:
https://t.co/RKZaAXfGWD
CBIC issues various notifications to incorporate the changes in rate recommended vide the 45th GST Council Meeting held on September 17, 2021
Access these here: https://t.co/dNkbjyqi4T
Incorporating changes recommended in the 45th GST GST Council General Meeting held on September 17, 2021, CBIC issues Notification 07/2021-Central Tax (Rate) dated September 30, 2021 with amendments to the service exemptions.
https://t.co/I9qRLDH6lA
GSTN Portal Update: Turnover details reflecting in Interest and Late fee tab of GSTR 3B owing to linkage of late fee computation to the turnover of previous year.
https://t.co/UrEuvsDxt4