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

Download (PDF, Unknown)

Download (PDF, Unknown)

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)

 

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

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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

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

For Quick Response email :- sridharca@gmail.com

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