Happy Ganesh Chathurthi to all…..
Month: August 2017
GST: GSTR – 3B date extended to August 25, 2017
The government extended the last day for filing GSTR-3B and payment of taxes to 25 August, 2017. The decision was due to slowdown of GST portal on Saturday and other technical glitches.
For those who wants to take transitional credit, the due date for filing returns will be on 28th August, 2017.
Happy Independence Day…
GST: The due dates for filing of returns notified
CBEC had issued formal notifications extending the time limit for filing GST returns GSTR -1, GSTR- 2 & GSTR -3 for the month of July 2017 and August 2017. CBEC also notified the time limit for furnishing Form GSTR – 3B for the month of July 2017 and August 2017. The time limit as per notifications is given below:
| Form No. | Details to be furnished | Jul-17 | Aug-17 | Notification No. |
| GSTR – 3B | Outward and Inward Supplies, TDS/TCS, ITC etc. | 20/08/2017 | 20/09/2017 | 21/2017 (Central Tax) |
| GSTR – 1 | Outward Supplies | 1st to 5th of September, 2017 | 16th to 20th of September, 2017 | 18/2017 (Central Tax) |
| GSTR – 2 | Inward Supplies | 6th to 10th of September, 2017 | 21st to 25th of September, 2017 | 19/2017 (Central Tax) |
| GSTR – 3 | Monthly Return | 11th to 15th of September, 2017 | 26th to 30th of September, 2017 | 20/2017 (Central Tax) |
To see the notifications please click the link below:
GST: E-Way bill approved by GST Council
GST council approves E-way bill which requires ferrying goods worth more than Rs 50,000 within or outside a state will require securing an e-way bill by prior online registration of the consignment. To generate an e-way bill, the supplier and transporter will have to upload details on the GSTN portal, after which a unique e-way bill number (EBN) will be made available to the supplier, the recipient and the transporter on the common portal. The e-way bill rules will become applicable on a date as notified that will happen quite soon.
Other Important Decisions of the Council
- GST rate for textile job works at 5 percent.
- Reduced the rate for government works contract to 12 percent with benefits of input tax credit.
- The tax rate of job work for printing books and newspapers will be 12 percent if the service is supplied by someone else, while the GST rate will remain 5 percent if it is printed by the same organisation.
- For agriculture services, tax rate of post-harvest and storage has been brought down to 12 percent from 18 percent. Similarly, tax rate for entry into planetariums has been reduced to 18 percent from 28 percent.
- Housekeeping services such as plumbers, it is the liability of the aggregator to pay GST.
- Cut taxes on certain tractor parts to 18 percent from 28 percent.
- Goods and services used specifically for the purposes FIFA Youth World Cup later this year in India has been exempted from GST.
Know your due dates for Statutory Compliance – August 2017
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Aug-17 |
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| DATE | COMPLIANCE REQUIRED | FORM NO. / CHALLAN NO. |
| 5/8/2017 | INCOME TAX: ANNUAL RETURN OF INCOME FOR THE ASSESSMENT YEAR 2017-18 FOR ALL ASSESSEE OTHER THAN (A) CORPORATE ASSESSEE (B) NON-CORPORATE ASSESSEE WHOSE BOOKS OF ACCOUNT ARE REQUIRED TO BE AUDITED (C) WORKING PARTNER OF A FIRM WHOSE ACCOUNTS ARE REQUIRED TO BE AUDITED (D) AN ASSESSEE WHO IS REQUIRED TO FURNISH A REPORT UNDER SECTION 92E | ITR 1,2,3,4,5 |
| 7/8/2017 | INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING JULY 2017 | 281 |
| 14/08/2017 | INCOME TAX: DUE DATE FOR ISSUE OF TDS CERTIFICATE FOR TAX DEDUCTED UNDER SECTION 194-IA IN THE MONTH OF JUNE 2017 | 26QB |
| 15/08/2017 | SERVICE TAX: DUE DATE FOR FILING RETURNS FOR THE QUARTER ENDED 30TH JUNE, 2017 | ST-3 |
| 16/08/2017 | INCOME TAX: QUARTERLY TDS CERTIFICATE (OTHER THAN SALARY TDS) FOR THE QUARTER ENDING 30TH JUNE, 2017 | 16A |
| INCOME TAX: FURNISHING OF FORM BY AN OFFICE OF GOVERNMENT WHERE TDS FOR THE MONTH OF JULY 2017, HAS BEEN PAID WITHOUT CHALLAN | 24G | |
| GST: LAST DATE FOR SUBMISSION OF COMPOUNDING APPLICATION | GST CMP-01 | |
| EPF: PAYMENT OF EPF CONTRIBUTION FOR JULY 2017 | ||
| EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR JULY 2017 | 12A | |
| EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN JULY 2017 | 5/10 | |
| 20/08/2017 | GST: DETAILS OF INVOICES PERTAINING TO JULY 2017 | GSTR-3B |
| 21/08/2017 | ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR JULY 2017 | |
| 30/8/2017 | INCOME TAX: DUE DATE FOR FURNISHING OF CHALLAN-CUM-STATEMENT IN RESPECT OF TAX DEDUCTED UNDER SECTION 194-IA IN THE MONTH OF JULY 2017 | 26QB |
Income Tax returns can be files without linking aadhar, provided….
As per the press release issued by CBDT on 31st July, 2017, extending the due date for filing of Income Tax Return to 05th August, 2017 had clarified that the returns can be filed even id the aadhar is not linked and by quoting the acknowledgement number of the aadhar application, provided the linking of aadhar needs to be done by 31st of August, 2017 and the the Income Tax return will be processed only after linking of aadhar with PAN.
Please click the link below for the press release.
Karthik & Sunil 