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R.R.JAGADEESAN, GST PRACTITIONER WELCOMES YOU TO "ABHIVIRTHI" WITH LATEST UPDATES ON GST - GOODS AND SERVICES TAX ACT, IGST - INTEGRATED GOODS AND SERVICES TAX ACT, CGST- CENTRAL GOODS AND SERVICES TAX ACT, SGST - STATE GOODS AND SERVICES TAX ACT, UTGST - UNION TERRITORY GOODS AND SERVICES TAX ACT WITH NOTIFICATIONS, CIRCULARS, FORMATS, GST TAX RATES,PRESS RELEASES, HSN CODES AND OTHER INFORMATION FOR BUSINESS SECTOR AND INDUSTRIAL SECTOR AND SERVICE SECTOR, PRIVATE BANKS, PUBLIC SECTOR BANKS, PUBLIC SECTOR UNDERTAKINGS, STAKEH0LDERS, ACADEMICIANS, STUDENTS AND CHARTERED ACCOUNTANTS AND GST PRACTITIONERS WITH COMPLETE GUIDELINES FOR ONLINE REGISTRATION, ONLINE RETURN FILING, ONLINE PAYMENT AND ONLINE GENERATION OF CERTIFICATES IN GST PORTAL (www.gst.gov.in) As per the Notification No. 78/2020 dated 15th Oct 2020, the tax payers, having Aggregate Annual Turn Over (AATO) above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Waybills and other tax payers shall use atleast 4 digit HSN code in E-Invoices and E-Way Bills with effect from 1st October, 2023.-----GSTR-2B WILL BE AVAILABLE IN THE AFTERNOON OF 14TH AS ITS GENERATION COMMENCES AFTER END OF DUE DATE OF GSTR-1/IFF FILING ON 13TH TAXPAYERS MUST FURNISH 4 DIGIT HSN CODES AND 6 DIGIT HSN CODES IF THE AGGREGATE TURNOVER IN THE PRECEDING FINANCIAL YEAR IS BELOW RUPEES 5 CRORES AND ABOVE RUPEES 5 CRORES RESPECTIVELY AND 8 DIGIT HSN CODES IF THE GOODS ARE EXPORTED IRRESPECTIVE OF QUANTUM OF TURNOVER THANK YOU VERY MUCH FOR YOUR VISIT AND BOOKMARKING THIS BLOGSPOT FOR FREQUENT VISITS-----SHARE THE ARTICLES WITH YOUR COLLEAGUES AND FRIENDS USING PRINT FRIENDLY OPTION AVAILABLE ON THE RIGHT SIDE-----TO VIEW MORE ARTICLES PLEASE VISIT AGAIN AND AGAIN. ABHIVIRTHI R.R.JAGADEESAN அபிவிருத்தி R.R.ஜெகதீசன் अभिविरथी R.R.जगदीसन
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Saturday, December 30, 2017

GST - FORM GSTR-1 filing by taxpayers whose annual turnover below 1.5 Crores time edtension in India

GSTR-1 LAST DATE EXTENDED FOR TAXPAYERS WHOSE ANNUAL TURNOVER IS LESS THAN Rs.1.5 CRORES

The Goods and Services Tax Act, 2017 came into force in India with effect from 1.7.2017.

The return filing periods for regular taxpayers whose aggregate turnover upto Rs. 1.5 Crores were modified as quarterly instead of monthly.

The Central Government has notified that the registered persons having aggregate turnover upto 1.5 crore rupees in the preceeding financial year or the current financial year, as the class of registered persons who shall follow the special procedure for furnishing the details of outward supply of goods or services or both effected during the quarter in FORM GSTR-1 as shown below:

S.No.
Quarter for which the details in FORM GSTR-1 are furnished
Period for furnishing the details in FORM GSTR-1
Revised due dated fixed on 29.12.2017
1.
JUL – SEP 2017
31.12.2017
10.1.2018
2.
OCT – DEC 2017
15.2.2018
15.2.2018
3.
JAN – MAR 2018
30.4.2018
30.4.2018


The last dates for filing of FORM GSTR-1 modified as shown above and the reference is given below for ready reference.

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

Government of India Ministry of Finance (Department of Revenue)
[Central Board of Excise and Customs] Notification No. 71/2017 – Central Tax

New Delhi, the 29th December, 2017

G.S.R.       (E): In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), and in supersession of notification No. 57/2017 Central Tax dated      the      15th         November,      2017,      published      in      the      Gazette      of      India, Extraordinary, Part II, Section 3, Sub-section  (i),  vide  number  G.S.R  1413  (E),  dated  the  15th November, 2017, except as respects things done or omitted to be done before such supersession, the Central Government, on the recommendations of the Council, notifies the registered persons having aggregate turnover of upto 1.5 crore rupees in the preceding financial year or the current financial year, as the class of registered persons who may follow the special procedure as detailed below for furnishing the details of outward supply of goods or services or both.

2.         The said persons may furnish the details of outward supply of goods or services or both in FORM GSTR-1 effected during the quarter as specified in column (2) of the Table below till the time period as specified in the corresponding entry in column (3) of the said Table, namely:-

Table



Sl No.
Quarter for which the details in
FORM GSTR-1 are furnished
Time period for furnishing the details in FORM GSTR-1
(1)
(2)
(3)
1
July - September, 2017
10th January, 2018
2
October - December, 2017
15th February, 2018
3
January - March, 2018
30th April, 2018


3. The special procedure or extension of the time limit for furnishing the details or return, as the case may be, under sub-section (2) of section 38 and sub-section (1) of section 39 of the Act, for the months of July, 2017 to March, 2018 shall be subsequently notified in the Official Gazette.

[F. No. 349/58/2017-GST(Pt.)]
 (Ruchi Bisht)
Under Secretary to the Government of  India
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