Annual Return for Composition Taxpayer- GSTR 4

Post author:Shivani Jain
Post published:February 28, 2022
Post category:GST
Post comments:0 Comments

GSTR-4 Return is a statement of inward and outward supplies of a composite taxpayer which was earlier filed on a quarterly basis and now it is replaced by a quarterly statement in Form CMP-08 and…

Mandatory E Invoice if Turnover exceeds 20 cr.

Post author:WhyTax
Post published:February 25, 2022
Post category:GST
Post comments:0 Comments

As per Notification No. 01/2022 – Central Tax Dated 24th February, 2022 issued by CBIC, E- Invoice is mandatory for assesee if turnover exceeds 20 crore w.e.f 01st April 2022. Existing limit for mandatory E-Invoice…

GST Calendar for February 2022 Month

Post author:WhyTax
Post published:February 1, 2022
Post category:GST
Post comments:0 Comments

Important due dates for the GST Returns in the Month of February 2022 Due dateFormsPeriodApplicability10.02.2022GSTR 7January 2022GSTR 7 is a return to be filed by the persons who are required to deduct TDS (Tax deducted…

Reverse Charge Mechanism (RCM) Under GST

Post author:Shivani Jain
Post published:January 30, 2022
Post category:GST
Post comments:0 Comments

Section 2(98) of the CGST Act, 2017 has defined the term “Reverse Charge” and the same is reproduced as follows: Report this ad “reverse charge” means the liability to pay tax by the recipient of…

Chartered Accountants & Income Tax Practitioners in Exempted Category

Post author:WhyTax
Post published:January 13, 2022
Post category:Business Law GST Income Tax MCA
Post comments:0 Comments

Government of NCT of Delhi, DDMA vide F. No. 60/DDMA/COVID-19/2021/Vol.II/513 dated 13.01.2022 has exempted Chartered Accountants & Income Tax Practitioners from restrictions imposed vide Para- 4(i) of DDMA Order F. No. 60/DDMA/COVID-19/2021/509 dated 11.01.2022 On…

Upcoming functionality – Interest Calculator in GSTR-3B

Post author:WhyTax
Post published:January 9, 2022
Post category:GST
Post comments:0 Comments

As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B. This functionality will arrive at the system computed…

Reporting of supplies notified under section 9(5) / 5(5) by E-commerce Operator in GSTR-3B

Post author:WhyTax
Post published:January 5, 2022
Post category:GST
Post comments:0 Comments

As per the GST Council decision to notify “Restaurant Service” under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as motor cabs, accommodation and housekeeping services wherein the tax…

Due Dates and Penalty of Annual Return (GSTR-9)

Post author:WhyTax
Post published:January 3, 2022
Post category:GST
Post comments:0 Comments

Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return under section…