Latest MSME News Updates

09-08-2017

 For the month of July, the taxpayers can file Form GSTR-3 between September 11 to 15 and for August between September 26 to 30.


The Central Board of Excise and Customs (CBEC) said in a notification, “In exercise of the powers conferred by the sub-section (6) of section 39 read with section 168 of the Central Goods and Services Act, 2017 (12 of 2017), the


Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the return under sub-section (1) of section 39 of the said Act…”


CBEC further added that for the month of July 2017, the time period for filing of details in Form GSTR 3 upto September 11 to 15, 2017 and for the month of August 2017, it has been extended upto September 26 to 30, 2017.


The notification has been enforced with effect from August 8, 2017.


GSTR-3 is a consolidated monthly return and contains details of tax liability along with the tax collected on outward supplies and tax paid on inward supplies by registered person.


It is auto-populated through GSTR-1 and GSTR-2 of the registered person. There is minimal manual intervention and system itself updates records.


Meanwhile, the GSTN Chairman Navin Kumar has said that “The window for filing GSTR–3B has opened on August 5 and is fully functional now. Taxpayers can log into their account at the GST Portal and file their GSTR–3B return any time. They can also make tax payment using internet banking at the portal.”


Over 71.30 lakh excise, service tax and VAT payers have migrated to the GSTN portal and over 15 lakh new assessees have registered on the portal.


 


Click at: For the month of July, the taxpayers can file Form GSTR-3 between September 11 to 15 and for August between September 26 to 30.


The Central Board of Excise and Customs (CBEC) said in a notification, “In exercise of the powers conferred by the sub-section (6) of section 39 read with section 168 of the Central Goods and Services Act, 2017 (12 of 2017), the


Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the return under sub-section (1) of section 39 of the said Act…”


CBEC further added that for the month of July 2017, the time period for filing of details in Form GSTR 3 upto September 11 to 15, 2017 and for the month of August 2017, it has been extended upto September 26 to 30, 2017.


The notification has been enforced with effect from August 8, 2017.


GSTR-3 is a consolidated monthly return and contains details of tax liability along with the tax collected on outward supplies and tax paid on inward supplies by registered person.


It is auto-populated through GSTR-1 and GSTR-2 of the registered person. There is minimal manual intervention and system itself updates records.


Meanwhile, the GSTN Chairman Navin Kumar has said that “The window for filing GSTR–3B has opened on August 5 and is fully functional now. Taxpayers can log into their account at the GST Portal and file their GSTR–3B return any time. They can also make tax payment using internet banking at the portal.”


Over 71.30 lakh excise, service tax and VAT payers have migrated to the GSTN portal and over 15 lakh new assessees have registered on the portal.

 
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