bssridhar

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
Mar 132018
 

The GST Council has made the following announcements as per the recommendations made during the 26th GST council meeting held on 10th March 2018:-

 

i) The e-way bill system will come into force with effect from 1st April 2018 in respect of INTER-STATE TRANSACTIONS (From one State to another State)

 

ii) In respect of Intra-state (Within state) transactions, the e way bill will be applicable in a phased manner, the dates of which will be announced soon. However, such date cannot be later than 1st June 2018. That means before 31st of May 2018, it will be made applicable to intra-state supplies in all states.

 

iii) For the purpose of eway bill generation, value of exempted goods need not be taken into account.

 

iv) Transporting of goods through public conveyance is also covered now. The responsibility to create the E way bill is on the consignor (or) the consignee.

 

v) Railways has been exempted from generation and carrying of e-way bill. But the condition for the same is that the recipient will not be able to take delivery of the goods from the railways unless he produces a eway bill for the same. But the railways is required to carry Invoice (or) Delivery Challan etc.,

 

vi) The time limit for acceptance/rejection of the consignment would be the validity period of the concerned e way bill or 72 hours whichever is earlier.

 

vii) In case of movement of goods for Job-work, the registered job-worker can create an E way bill now.

 

viii) Now the consignor can authorise the transporter, courier agency and e-commerce operator to fill/generate Part A of the E way bill on his behalf.

 

ix) Previously movement of goods from consignor to transporter was allowed upto 10 kms without filling Part B of the e way bill. Now the distance has been increased to 50 Kms. Now the goods can be sent to the transporter without filling Part B , upto 50 kms. In any case, Part A of the E way bill has to be filled and e way bill to be generated.

 

x) Extra validity period has been provided for Over Dimensional Cargo (ODC)

 

xi) Due to exceptional circumstances, if the goods are not transported within the stipulated time, the transporter can now extend the validity of the e way bill.

 

xii) Validity of one day will expire at midnight of the day immediately following the date of generation of e way bill

 

x) Once a conveyance is verified by any tax officer, the same cannot be verified in any other state or Union Territory , except in special cases.

 

xi) In case of movement of goods in respect of “Bill to – Ship to ” transactions, despatch details shall be captured in Part A of the E way bill.

Mar 022018
 

As you are aware, the GST is administered both by the State Governments & Central Governments. As per the decision taken in the GST Council, the Taxpayers will be allocated either to State Government (or) Central Government.

The Tamilnadu Government vide its Order No 1/2018 dtd 28/02/2018 has published the complete details of the allocation of GST taxpayers allocated to Centre and State Government (Tamilnadu)

The notification link is provided below. You can download the respective documents and search for your GSTN to know where your case has been allocated.

Click here for list of Taxpayers allocated to State Government (Tamilnadu) – (This document is 30 MB size maynot display correctly in mobiles, suggest to view in Desktop)

Click here for list of taxpayers allocated to Central Government

Source :- https://ctd.tn.gov.in

Feb 282018
 

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

ActComplianceDue Date
Income-taxDeposit of TDS deducted during the month of February 201807-03-2018
GSTGSTR 1 (For Jan 18) filing for taxpayers with more than 1.5 Crores Turnover10-03-2018
ESIESI Payment for the month of February 201815-03-2018
PFPF Payment for the month of February 201815-03-2018
Income-taxDue Date for payment of 4th Instalment of advance tax15-03-2018
GSTGSTR 3B Return filing for the month of February 201820-03-2018
Company LawCondonation of Delay Scheme 201831-03-2018
Income taxLast date for filing belated Return of Income for the years 2015-16 & 2016-1731-03-2018
Feb 052018
 
ActComplianceDue Date
Income-taxDeposit of TDS deducted during the month of January 201807-02-2018
GSTGSTR 1 (For Dec 17) filing for taxpayers with more than 1.5 Crores Turnover10-02-2018
GSTGSTR 1(Oct-Dec 17) filing for Taxpayers with Less than 1.5 Crores turnover15-02-2018
ESIESI Payment for the month of January 201815-02-2018
PFPF Payment for the month of January 201815-02-2018
GSTGSTR 3B Return filing for the month of January 201820-02-2018

 

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

For Quick Response email :- sridharca@gmail.com

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