Month: September 2017

GST: Due dates for payment of tax and filing of GSTR-3B up-to Dec- 2017

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CBEC vide notification number 35/2017 (Central Tax) notified the due dates for filing the return GSTR –  and due dates for payment/discharge his liability towards tax, interest, penalty, fees or any other amount payable under the said Act by debiting the electronic cash ledger or electronic credit ledger, as the case may be for the months August, 2017 to December 2017.

As per the notification the due date for filing returns as well as payment of tax, interest etc. will be on or before the 20th of the subsequent month.For example, the due date of October, 2017 will be 20th November, 2017.

To see the notification, please click the link below:

3B due dates

 

GST: Due dates for payment of tax and filing of GSTR-3B up-to Dec- 2017

GST: Revised rates recommended by GST Council

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GST Council in it’s 21St meeting held on 09-09-2017, revised GST rates. To know the revised rates please click the link below:

List-Goods-where-changes-been-recommended-GST-Council[1]

To see the recommendation of the council regarding increase in the Cess rates, please click the link below:

Increase-rate-compensation-Cess-specified-motor-vehciles

GST: Revised rates recommended by GST Council

GSTR 3B to continue till December, 2017…few decisions of today’s GST Council

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GSTR 3B: GST Council today decided to continue the GSTR 3B till December, 2017.

Return Filing Due Dates: The due dates for various GST returns for the month of July 2017 and the Quarter July 2017 to September 2017 is as follows:

Return Tax Period Revised due date
GSTR-1 Jul-17 10/10/2017
GSTR-2 Jul-17 31/10/2017
GSTR-3 Jul-17 10/11/2017
GSTR-4 Jul-17 to Sep-17 18/10/2017
GSTR-6 Jul-17 13/10/2017

The due dates for filing returns of the subsequent periods shall be notified at a later date.

Composition Scheme: A registered person, migrated or newly registered who has not opted for Composition Scheme yet can opt for Composition Scheme till 30th September, 2017.

Exemption from Registration for person dealing in Handicrafts: Any person who are dealing in handicrafts having interstate turnover can avail exemption from registration if the aggregate turnover is less than Rs.20 lakhs as the person has a permanent account number and the movement of goods is by way of e-way bill.

Exemption from registration for a job worker: Job workers involved in interstate movement of goods is liable for GST registration now. As per the decision of today’s meeting, job workers providing supply to registered persons is exempted from registration if the aggregate turnover is below the threshold limit(Rs.20/10 lakhs), as long as the goods mover under the  cover of e-way bill irrespective of the value of consignment.

GST TRAN 1: Due date extended to31-10-2017. GST TRAN 1 can be revived once.

 TDS/TCS: The registration for persons liable to deduct/ collect TDS/TCS will commence on 18-09-2017. The date from which TDS/TCS to be deducted/ collected Will be notified by the council later.

GSTR 3B to continue till December, 2017…few decisions of today’s GST Council

GSTR 1 – GST Council extends the time period by a month

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GST council in their 21St meeting extended the last date for filing GSTR-1 for the month of July, 2017 to October 10, 2017. The Council also formed a inter ministerial panel to look into the issues of GSTN.

GSTR 1 – GST Council extends the time period by a month

GST: Government extends GST returns filing dates

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gst returns

Government extends due date for filing GST Returns for July and August 2017. The dates are as follows:

Return

Due Date

July, 2017

Aug-17
Old Date New date Old Date New date
GSTR – 1 05/09/2017 10/09/2017 20/09/2017 05/10/2017
GSTR – 2 10/09/2017 25/09/2017 25/09/2017 10/10/2017
GSTR – 3 15/09/2017 30/09/2017 30/09/2017 15/10/2017

The extension is on the light of heavy traffic on Monday, and the GSTN portal cannot hold the heavy load.

 To view the notification please click the link below:
 

 https://drive.google.com/file/d/0BwfaVqFwg9yDTzMzT3FVY0hteUE/view?usp=drivesdk
 

GST: Government extends GST returns filing dates

Know your Due Dates for Statutory Compliance – September 2017

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tax_due_dates

KNOW YOUR DUE DATES

Sep-17
DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
05/09/2017 GST: LAST DATE FOR SUBMISSION OF DETAILS OF OUTWARD SUPPLY(SALES) FOR JULY 2017 GSTR-1
07/09/2017 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING AUGUST 2017 281
10/09/2017 GST: LAST DATE FOR SUBMISSION OF DETAILS OF INWARD SUPPLY, REVERSE CHARGE ETC FOR JULY 2017 GSTR-2
14/09/2017 INCOME TAX: DUE DATE FOR ISSUE OF TDS CERTIFICATE FOR TAX DEDUCTED UNDER SECTION 194-IA IN THE MONTH OF JULY 2017 26QB
15/09/2017 GST: LAST DATE FOR SUBMISSION FO MONTHLY RETURN FOR JULY 2017 GSTR-3
INCOME TAX: FURNISHING OF FORM BY AN OFFICE OF GOVERNMENT WHERE TDS FOR THE MONTH OF AUGUST 2017, HAS BEEN PAID WITHOUT CHALLAN 24G
INCOME TAX: SECOND INSTALMENT OF ADVANCE TAX FOR THE  ASSESSMENT YEAR 2018-19 280
EPF: PAYMENT OF EPF CONTRIBUTION FOR AUGUST 2017
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR AUGUST 2017 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN AUGUST 2017 5/10
20/09/2017 GST: DETAILS OF INVOICES PERTAINING TO AUGUST 2017 (SUMMARY RETURN) GSTR-3B
GST: LAST DATE FOR SUBMISSION OF DETAILS OF OUTWARD SUPPLY(SALES) FOR AUGUST 2017 GSTR-1
21/09/2017 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR AUGUST 2017
25/09/2017 GST: LAST DATE FOR SUBMISSION OF DETAILS OF INWARD SUPPLY, REVERSE CHARGE ETC FOR AUGUST 2017 GSTR-2
30/09/2017 GST: LAST DATE FOR SUBMISSION FO MONTHLY RETURN FOR AUGUST 2017 GSTR-3
INCOME TAX: DUE DATE FOR FURNISHING OF CHALLAN-CUM-STATEMENT IN RESPECT OF TAX DEDUCTED UNDER SECTION 194-IA IN THE MONTH OF AUGUST 2017 26QB
INCOME TAX: APPLICATION FOR EXERCISING THE OPTION AVAILABLE UNDER EXPLANATION TO SECTION 11(1) TO APPLY INCOME OF THE PREVIOUS YEAR IN THE NEXT YEAR OR IN FUTURE (IF THE ASSESSEE IS REQUIRED TO SUBMIT RETURN OF INCOME ON SEPTEMBER 30, 2017) 9A
INCOME TAX: STATEMENT BY SCIENTIFIC RESEARCH ASSOCIATION, UNIVERSITY, COLLEGE OR OTHER ASSOCIATION OR INDIAN SCIENTIFIC RESEARCH COMPANY AS REQUIRED BY RULES 5D,5E, AND 5F(IF DUE DATE OF SUBMISSION OF INCOME IS SEPTEMBER 30, 2017)
INCOME TAX: STATEMENT TO ACCUMULATE INCOME FOR FUTURE APPLICATION UNDER SECTION 10(21) OR 11(2) (IF THE ASSESSEE IS REQUIRED TO SUBMIT RETURN OF INCOME ON SEPTEMBER 30, 2017) 10
INCOME TAX: DUE DATE FOR PAYMENT OF LAST INSTALLMENT UNDER INCOME DISCLOSURE SCHEME, 2016. 286

 

Know your Due Dates for Statutory Compliance – September 2017

Income Tax: Extension of due date for filing returns

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CBDT had extended the due date for filing income tax return and submission of audit report under Income tax Act for tax audit assessees who are liable to get their accounts audited, Company, working partners of firms covered under tax audit etc to 31st October, 2017 from 30th September, 2017. This is in view of the delay in submission of GST returns for July and August 2017, which is also coming in the month of September.

To view the CBDT order dated 31-08-2017, please click the link below:

ITR due date extension

 

Income Tax: Extension of due date for filing returns