GST : Due Dates – Important Updates and Notifications

GST:  Latest Updates and Notifications

Govt of India has been made few changes for the GST taxpayers from the month of May 2018
    • GSTR 1 due date for the May 2018 is June 10th 2018

 

    • The dealers who have:
      ***More than 1.5 crores turn over.
      ***Opted for monthly filing  [ Less than 1.5 Crores Turnover].
      Has to file the GSTR -1 return within 10th June 2018.

 

    • Every business has to file the GSTR – 3 returns by the 20th June that is may month return should be the file on or before 20th of the June (remains the same).

 

    • GSTR 2 inward supplies of the business will be auto-populated by the GST system and registered GST dealer has to reconcile the same on or before 15th of the June for the May month’s GST  return.

 

    • Any modification for the above details can be made by the dealer after 16th June and before  17th of the June. The dealer entered details holds good (Both the details entered and auto-populated in the GST site) and the changes have not been made to the above return. The same return shall be filed by the dealer.

 

    • If any modification has been made by the dealer for the mentioned return, the changes to be made be appropriate to amend the return of the dealer, he may add/delete/modify the inward or outward supplies invoices made during the month.

 

    • All the dealers who are registered under the regular scheme should file their return on or before 20th of the succeeding month. there are no changes made by the Govt regarding the monthly filing due dates.

 

    • The above process of filing the GST returns remains same that should be followed by all the Regular / Normal GST taxpayers for the month of June and subsequent months.

 

    • The dealers who opted for quarterly filing has to file the GSTR-1 Return. Due Date for the quarter April to June 2018 is July 31st.

 

[frontpage_news widget=”2154″ name=”GST”]

Govt to Allow Re-open of GSTR 3B

Govt to Allow Re-open of GSTR 3B 

The Government plans to allow the reopening/editing or modification of GSTR 3B under the new fiscal regime.

A detailed circular in this regard will be published shortly.

GSTR-3B filing

The Government, in a set of Frequently Asked Questions (FAQ) published in the handle of Twitter, also defined the term “structure of invested taxes” since “the structure of invested taxes is where the rate of taxes on inputs is higher than the tax rate on production supplies. ”

He also said that you can modify the registered email and the mobile phone number of the registered company registered using the form GST REG-14 in the common portal. In addition, the tax paid cannot be claimed by the composition agents who paid taxes with a reverse charge.