bssridhar

Sep 222018
 

In the previous months if you have classified any Invoices as B2C invoice and uploaded the invoices and now if you want to reclassify the same as B2B Invoice with GSTIN details of your customers, the same was not possible till now.

THE GSTN has enabled the option now. You can reclassify your B2C invoices as B2B invoices with GSTIN of your customers as follows :-

How to amend B2C invoices as B2B invoices of previous months.
Aug 112018
 

As you are aware, as per Section 9(4) of the CGST Act, GST is payable under Reverse Charge basis in respect of inward supplies from unregistered suppliers.  This was deferred by notification till 30th of September 2018 earlier. Now another notification has been issued to defer the same till 30th September 2019. In view of the above,no GST under reverse charge basis is payable in respect of inward supplies , as per section 9 (4) .

Kindly note that Reverse charge on Freight Payments (Goods Transport Agency) , Advocate fees, Sitting fees to Directors , which are covered under Section 9(3) are not exempted and GST on these payments shall continue to be paid under Reverse Charge.

The relevant notification is reproduced below :-

Aug 112018
 

As per the latest Notification No 34/2018-Central Tax, the filing of Monthly Summary Return in GSTR 3B shall continue till the month of March 2019 and in view of the same, tax payment shall also be paid while filing the GSTR – 3B . The last date for filing the GSTR-3B is 20th of the succeeding month.

The relevant Notification is reproduced below :-

Aug 102018
 

The CBIC has announced the due dates for filing GSTR-1 returns till the month of March 2019.

As per Notification No 33/2018-Central Tax, the due dates for filing GSTR-1 returns in respect of taxpayers with less than 1.50 crores turnover is as follows :-

Sl NoQuarter for which details in For GSTR 1 are furnishedTime period for furnishing details in Form GSTR-1
1Jul-September 201831st October 2018
2October-December 201831st January 2019
3January-March 201930th April 2019

As per Notification No 32/2018-Central Tax , the due dates for filing GSTR-1 returns in respect of tax payers with more than 1.50 Crores turnover is as follows :-

GSTR for the month ofDue date
July 201811th Aug 2018
Aug 201811th Sep 2018
Sep 201811th Oct 2018
Oct 201811th Nov 2018
Nov 201811th Dec 2018
Dec 201811th Jan 2019
Jan 201911th Feb 2019
Feb 201911th Mar 2019
Mar 201911th Apr 2019

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Jul 042018
 

The following are the various statutory obligations for the month of July 2018

ActObligationDue Date
Income-tax (TDS)Due date for deposit of Tax deducted at Source (TDS) for the month of June 20187th Jul 2018
GSTMonthly GSTR 1 return of outward supplies for the month of Jun 2018 (For T/o above 1.5 crores)10th July 2018
PFDue date for monthly payment of Provident Fund for the month of June 201815th July 2018
ESIDue date for monthly payment of ESI for the month of June 201815th Jul 2018
GSTQuarterly GSTR 4 return filing for the quarter Apr-Jun 2018 for Compounding dealers18th July 2018
GSTMonthly GSTR 3B return filing for the month of June 201820th July 2018
GSTQuarterly GSTR 1 return of outward supplies for the quarter Apr- Jun 2018 (For T/o below 1.5 crores)31st Jul 2018
Income-taxDue date for filing Return of Income for the year 2017-18 in respect of Non Audit cases, Salaried employees and Business with Turnover less than 1 crore31st July 2018
Income-tax (TDS)Quarterly TDS return filing for the Quarter Apr-Jun 2018 (in respect of salary payment and Non salary Payments)31st July 2018

Jun 022018
 

The following are the statutory obligations for the month of June 2018

ActComplianceDue Date
GSTGSTR 1 - Return filing for the month of May 201810th June 2018
GSTGSTR 3B - Return filing for the month of May 201820th June 2018
GSTGST Tran 230th June 2018
Income-taxDue date for Deposit of Tax Deducted at Source (TDS) for the month of May 20187th June 2018
Income-taxDownload & Issue of TDS Certificates for the quarter ended 31st Mar 201815th June 2018
Income-tax Advance tax 1st Instalment15th June 2018
Income-taxLinking of Aadhaar with PAN30th June 2018
Registrar of CompaniesFiling of Annual Returns & Balance sheet (After this due date, the penalty will be Rs. 100 per day of default)30th June 2018
EPFMonthly contribution for the month of May 201815th June 2018
ESIMonthly contribution for the month of May 201815th June 2018

May 162018
 

As per latest notification issued by the CBDT, there is a small change in the GSTR returns to be filed for the months of Apr 2018 to June 2018.

The Changes are Summarised below :-

For Registered Persons having aggregate turnover exceeding Rs. 1.50 Crores during the preceeding year, the Due dates are as follows :

MonthGSTR 1 due dateGSTR 3B due date
Apr 201831st May 201820th May 2018
May 201810th June 201820th June 2018
June 201810th Jul 201820th Jul 2018

Effectively, for Registered  persons having turnover above 1.50 crores, they have to file their GSTR 1 first and then file GSTR 3B along with payment of GST. This was the initial plan at the time of introduction of GST.

 

For Registered Persons having aggregate turnover less than Rs. 1.50 Crores during the preceeding year, the Due date for filing GSTR 1 is as follows :

QuarterGSTR 1 due date
April-June 201831st July 2018

For all registered persons, the due date for filing GSTR 3B is as follows :-

MonthGSTR 3B due date
April 201820th May 2018
May 201820th June 2018
June 201820th July 2018

 

The relevant notifications are reproduced below

 

Download (PDF, Unknown)

Download (PDF, Unknown)

Download (PDF, Unknown)

 

May 022018
 

The following are the various Statutory Obligations for the month of May 2018

ActComplianceDue Date
GSTGSTR 1 (For Mar 18) filing for taxpayers with more than 1.5 Crores Turnover10-05-2018
ESIESI Payment for the month of April 201815-05-2018
PFPF Payment for the month of April 201815-05-2018
GSTGSTR 3B Return filing for the month of April 201820-05-2018
Income-taxDeposit of TDS deducted during the month of April 201807-05-2018
Income-taxFiling of Form 61 A Statement of Financial Transactions containing particulars of specified transactions31-05-2018
Income-taxQuarterly statement of TDS deposited for the quarter ending March 31, 201831-05-2018

Apr 232018
 

The e way bill system was implemented for Inter-state supplies all over India and for Intra-state supplies in few of the states.

There were numerous queries with regard to e-way bill generation of Bill to – Ship to transactions. The Government has provided a clarification for the same and the same is reproduced below

Download (PDF, Unknown)

 

Apr 032018
 

The following are the statutory obligations for the month of April 2018

ActComplianceDue Date
GSTGSTR 1 (For Feb 18) filing for taxpayers with more than 1.5 Crores Turnover10-04-2018
ESIESI Payment for the month of March 201815-04-2018
PFPF Payment for the month of March 201815-04-2018
GSTGSTR 4 (For assessee's opted for Compounding Scheme) - Jan-Mar 201818-04-2018
GSTGSTR 3B Return filing for the month of March 201820-04-2018
GSTGSTR 1(Jan-Mar 2017) filing for Taxpayers with Less than 1.5 Crores turnover30-04-2018
Income-taxDeposit of TDS deducted during the month of March 201830-04-2018
Income-taxFiling of Form 61 containing particulars of Form 60 during the period 1st Oct to 31st March 201830-04-2018
Income-taxDue date for uploading declarations received from recipients in Form. 15G/15H during the quarter ending March, 2018.30-04-2018


B S Sridhar & Co., Contact us @ 91-44-45540180 / 91-90804 33131. 

For Quick Response email :- sridharca@gmail.com

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