Revised due date for GSTR 2, GSTR 3 has been extended for July Month till 10th November, 2017: GST Council

By Paras Mehra September 9, 2017

The GST council has decided to extend the due date for filing the GSTR 2 and 3 for the month of July 2017. The latest due date for filing the GSTR 2 and 3 are as follows:

GSTR 1 for the month of July extended to 20th September? – Truth behind latest news on due date extension of GSTR 1

By Garima Sahi September 8, 2017

There has been a message going viral in the social media that the due date for filing the GSTR 1, 2 and 3 has been extended to 20th September and so on. This message has been going viral with news claiming that Dr.Hasmukh Adhia has resigned.

Government planning to increase the old age pension from Rs.200 to Rs.500 per month thanks to GST

By Garima Sahi September 7, 2017

The plan is to cover 3 social pensions – old age, widow and disabled. Ministry is planning to raise the old age pension from Rs 200 to Rs. 500 of which center will pay Rs 300 and states Rs 200.

GST on collection of membership charges & reimbursement from the members of cooperative society

By Garima Sahi September 7, 2017

GST is still a mystery for most of the taxpayers and therefore, people are not taking steps until and unless they are 100% sure. Therefore, in order to provide clarity to the subject matter, the government has issued a FAQ based circular.

Penalty for Nonfiling of GST return (GSTR 1 and GSTR 2) – Late fees for not filing of outward and inward return

By Paras Mehra September 6, 2017

If any registered person fails to furnish details of outward or inward supplies of return before the due date then he shall be liable to pay the penalty (late fees) of Rs.200 per day subject to a maximum of Rs.10,000/-.

Penalty on late GST registration or failure to take GST registration in India – Penalty for non-GST registration

By Paras Mehra September 6, 2017

As per GST act, there is no direct penalty for failure to take GST registration in India. However, there is an indirect penalty which shall be levied if any person fails to take GST registration. The maximum penalty that can be levied in this case is 25K.

Penalty for nonpayment of GST or Input Credit wrongly availed or utilized under GST by way of fraud or otherwise

By Paras Mehra September 6, 2017

This is one of the most discussed penalties under the GST law because it shall be levied in every case where tax is not paid or short paid. Section 73 and section 74 of CGST act governs this penalty.

Penalty for wrong issuance of invoice under GST – Penalty for raising incorrect invoices under GST

By Paras Mehra September 6, 2017

Issuing the correct invoice in consonance with the GST rules is the most important thing in GST. This is because everything under GST like return filing, tax payment is dependent upon invoices.

Solutions for all errors/mistakes made in GSTR 3B – Procedure to correct all mistakes made in GSTR 3B via GSTR 1, 2 & 3

By Paras Mehra September 5, 2017

We have been receiving a lot of queries on mistakes made by the taxpayers in India and since GSTR 3B cannot be revised, it makes the taxpayers worried about the possible consequences due to errors committed.