Solution Tax Return

*Announcement on E - Invoicing applicability if turnvoer is more than 10 crore from October 1*

*CGSG Notificficatioin 17*

CGST: Amendment to Notification No. 13/2020-Central Tax, dated 21.03.2020 to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rupees Ten Crore from 1st October 2022

Ministry of Finance

Interest on delayed payment of GST: CBIC

Posted On: 26 AUG 2020 5:34PM by PIB Delhi



The Central Board of Indirect Taxes & Customs (CBIC) today clarified that the Notification No. 63/2020-Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical limitations. However, it has assured that no recoveries shall be made for the past period as well by the Central and State tax administration in accordance with the decision taken in the 39th Meeting of GST Council. This will ensure full relief to the taxpayers as decided by the GST Council.

CBIC explanation came in response to an assortment of comments in the social media with respect to Notification dated 25th August 2020 regarding charging of interest on delayed payment of GST on net liability (the tax liability discharged in cash) w.e.f. 1st September 2020.

*Today is the due date for filing of GSTR 3B for Feb 2020 if your turnover is up to 5 crores.*

हम आपको याद दिलाना चाहते हैं कि यदि आपका टर्नओवर 5 करोड़ रुपये तक है और आपने अभी तक अपना जीएसटीआर 3 बी रिटर्न फरवरी 2020 के लिए दाखिल नहीं किया है, तो आज ही फाइल करें। यदि आप ऐसा नहीं करते हैं, तो आपको लेट फीस का भुगतान करना होगा और साथ ही इलेक्ट्रॉनिक कैश लेजर के माध्यम से भुगतान की गई कर राशि पर ब्याज भी देना होगा।

We would like to remind you that if your turnover is upto Rs 5 crore and if you have not yet filed your GSTR 3B return for February 2020, then file it today. If you do not do this, you will also have to pay late fees and as well as interest on the tax amount paid through the Electronic Cash Ledger.

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*Today is the last date for opt-in for Composition Scheme for FY 2020-21.*

यदि आप कंपोजिशन स्कीम का विकल्प चुनना चाहते हैं और आपने अभी तक ऐसा नहीं किया है, तो आज ही करें क्योंकि आज के बाद आप ऑप्ट-इन नहीं कर पाएंगे।

If you want to opt for composition scheme and you have not yet done so, then do it today because after today you will not be able to opt-in.

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*Today is the last date for payment under Sabka Vishwas - (Legacy Dispute Resolution) Scheme, 2019(SVLDRS)*

यदि आपने स्कीम में आवेदन किया है, लेकिन अब तक आपने टैक्स की पूरी राशि का भुगतान नहीं किया है, तो आज ही भुगतान करें। वरना आपको डिफॉल्टर माना जाएगा और फिर कर राशि, ब्याज और जुर्माना की कोई छूट आपको नहीं मिलेगी। इतना ही नहीं बल्कि वसूली की कार्यवाही भी शुरू हो जाएगी।

If you have made an application in the scheme but till now, have not paid the entire amount of Tax Due, then pay today anyhow. Else you will be considered as a defaulter and then you will get no waiver of the tax amount, interest and penalty. Not only that but also recovery proceeding will also start.

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*For now, you have to assume that there is no possibility of extension in the due date or last dates.*

*Support*

आपके पैसे बचाने के लिए और आपको जीएसटी की दहशत से मुक्त करने के लिए, हमारी टीम इसमें आपका साथ देने के लिए तैयार है

OLD GSTR 1 FILING DATE EXTENDED TO 17/01/2020.

Ministry of Finance on Twitter “In the view of such huge response, which would lead reduction in unmatched credit, it has been decided to extend the said amnesty scheme from 10th January 2020 to 17th January 2020. ”