All posts by Neelesh Kushwaha

“File your NIL Form CMP-08 through SMS”

“File your NIL Form CMP-08 through SMS”

“File your NIL Form CMP-08 through SMS”

Filing NIL Form CMP-08 statement through SMS on GST Portal

26/10/2020

    1. A Composition taxpayer may now file NIL statement in Form GST CMP-08 for a quarter, through an SMS, apart from filing it through online mode, on GST Portal.
    2. To file NIL Form GST CMP-08 through SMS, the taxpayer must fulfil following conditions:
    • Taxpayer must be registered as composition taxable person (by filing Form GST REG-01) or the taxpayer might have opted for composition levy (by filing Form GST CMP-02).
    • Taxpayer must have filed all the applicable statement(s) in Form GST CMP-08 for the previous quarter(s).
    • Authorized signatory and his/ her phone number must be registered on the GST Portal.
    • There must not be any data in save stage, in online version of Form GST CMP-08, on the GST Portal.
    1. NIL Form CMP-08 for a tax period must be filed by the taxpayer, if there is no:
    • outward supplies;
    • liability due to reverse charge (including import of services); and
    • other tax liability for the quarter, for which the statement is being filed.
    1. Steps to File Nil Form GST CMP-08 through SMS are as below:
      • Send SMS to 14409 number to file Nil Form CMP-08 ie NIL space Return Type space GSTIN space Return Period
      1. (For example for NIL Filing for Tax Period Apr-Jun 2020: NIL C8 07AQDPP8277H8Z6 062020)
      • Send SMS again on the same number 14409 with Verification Code to confirm filing of Nil Form CMP-08
      1. (For Example: If Verification Code received here is 324961: CNF space Return Type space Code – CNF C8 324961)
    • After successful validation of “Verification Code”, GST Portal will send back ARN to same mobile number and on registered e-mail ID of the taxpayer to intimate successful Nil filing of Form GST CMP-08.
    1. All the authorized representatives for a particular GSTIN, with unique mobile number can file NIL Form GST CMP-08 through SMS.
    2. The due date for filing of Form GST CMP-08 is 18th of the month following the quarter.
    3. For more details on filing Nil Form GST CMP-08 on the GST Portal Click this link:


https://tutorial.gst.gov.in/userguide/returns/index.htm#t=FAQs_SMS.htm
Thanking you,

CBDT issues Press Release for extension of due dates for filing Income-tax Returns and Tax Audit Reports under the Income-tax Act, 1961 for AY 2020-21

CBDT issues Press Release for extension of due dates for filing Income-tax Returns and Tax Audit Reports under the Income-tax Act, 1961 for AY 2020-21 Click here for Press Release

Clarification in respect of the Direct Tax Vivad se Vishwas Act, 2020

Clarification in respect of the Direct Tax Vivad se Vishwas Act, 2020 Click here for Circular

Notification No. 88/2020/ F. No. 370142/35/2020-TPL for extension of due dates for filing Income-tax Returns and Tax Audit Reports under the Income-tax Act, 1961 for AY 2020-21

Notification No. 88/2020/ F. No. 370142/35/2020-TPL for extension of due dates for filing Income-tax Returns and Tax Audit Reports under the Income-tax Act, 1961 for AY 2020-21 Click here for Notification

Auto-populated Form GSTR 3B (PDF) for the taxpayers, from the month of October 2020 onwards

Auto-populated Form GSTR 3B (PDF) for the taxpayers, from the month of October 2020 onwards

 

  1. GSTN has earlier introduced Form GSTR-2B, a static statement with details of ITC available for a tax period, for the benefit of taxpayers. GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, on the basis of the information furnished by their suppliers, in their respective Form GSTR-1 & 5 and Form GSTR-6 filed by ISD. Click here for details https://www.gst.gov.in/newsandupdates/read/396 .
  2. GSTN has also introduced a facility to download pdf statement to taxpayers, who are filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on the basis of the values reported by them, in their GSTR-1 statement, for the said tax period. Click here for details https://www.gst.gov.in/newsandupdates/read/398 .
  3. In continuation of the return linkage project, GSTN has now introduced auto-populated Form GSTR-3B in PDF format, for benefit of the taxpayers. The auto-populated PDF of Form GSTR-3B will consist of:-
    • Liabilities in Table 3.1(a, b, c and e) and Table 3.2 from Form GSTR-1
    • Liability in Table 3.1(d) and Input Tax Credit (ITC) in Table 4 from auto-drafted ITC Statement from Form GSTR-2B.
  4. This facility is made available in Form GSTR 3B dashboard from October 2020 tax period onwards.
  5. This facility will become available for taxpayers who are registered as Normal taxpayer, SEZ Developer, SEZ unit and casual taxpayer.
  6. The system generated PDF will be made available on GSTR-3B dashboard. Taxpayers will be able to access their Form GSTR-3B (PDF) through: Login to GST Portal > Returns Dashboard > Select Return period > GSTR-3B> System Generated 3B.

Thanking you,

Due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021

Due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021

    1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 11th Nov., 2020, has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax periods from October, 2020 till March, 2021. The details are as under:

 

Sl. No Taxpayers with aggregate turnover (PAN based) in the previous financial year And Taxpayers having principal place of business in the State/ UT of Due date of filing of Form GSTR 3B, from October, 2020 till March, 2021
1 More than Rs. 5 Crore All States and UTs 20th day of the following month
2 Up to Rs. 5 Crore States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana and Andhra Pradesh , the Union territories of Daman and Diu, Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep 22nd day of the following month
3 Up to Rs. 5 Crore States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi 24th day of the following month

 

  1. This is for information and necessary action please.

Thanking you,

CBDT issues Press Release for extension of due dates for filing Income-tax Returns and Tax Audit Reports under the Income-tax Act, 1961 for AY 2020-21

CBDT issues Press Release for extension of due dates for filing Income-tax Returns and Tax Audit Reports under the Income-tax Act, 1961 for AY 2020-21

Government of India
Department of Revenue
Ministry of Finance
Central Board of Direct Taxes

New Delhi, 24th October, 2020
PRESS RELEASE
Extension of due date of furnishing of Income Tax Returns and Audit
Reports
In view of the challenges faced by taxpayers in meeting the statutory and
regulatory compliances due to the outbreak of COVID-19, the Government brought the
Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the
Ordinance’) on 31st March, 2020 which, inter alia, extended various time limits. The
Ordinance has since been replaced by the Taxation and Other Laws (Relaxation and
Amendment of Certain Provisions) Act.
2. The Government issued a Notification on 24th June, 2020 under the
Ordinance which, inter alia, extended the due date for all Income Tax Returns for the
FY 2019-20 (AY 2020-21) to 30th November, 2020. Hence, the returns of income which
were required to be filed by 31st July, 2020 and 31st October, 2020 are required to be
filed by 30th November, 2020. Consequently, the date for furnishing various audit
reports including tax audit report under the Income-tax Act, 1961 (the Act) has also
been extended to 31st October, 2020.
3. In order to provide more time to taxpayers for furnishing of Income Tax
Returns, it has been decided to further extend the due date for furnishing of Income-Tax
Returns as under:
(A) The due date for furnishing of Income Tax Returns for the taxpayers
(including their partners) who are required to get their accounts audited [for whom the
due date (i.e. before the extension by the said notification) as per the Act is 31st
October, 2020] has been extended to 31st January, 2021.
(B) The due date for furnishing of Income Tax Returns for the taxpayers who
are required to furnish report in respect of international/specified domestic transactions
[for whom the due date (i.e. before the extension by the said notification) as per the Act
is 30th November, 2020] has been extended to 31st January, 2021.
(C) The due date for furnishing of Income Tax Returns for the other taxpayers
[for whom the due date (i.e. before the extension by the said notification) as per the Act
was 31st July, 2020] has been extended to 31st December, 2020.
4. Consequently, the date for furnishing of various audit reports under the
Act including tax audit report and report in respect of international/specified domestic
transaction has also been extended to 31st December, 2020.
5. Further, in order to provide relief to small and middle class taxpayers, the
said notification dated 24th June, 2020 had also extended the due date for payment of
self-assessment tax for the taxpayers whose self-assessment tax liability is up to Rs. 1
lakh. Accordingly, the due date for payment of self-assessment tax for the taxpayers
who are not required to get their accounts audited was extended from 31st July, 2020 to
30th November, 2020 and for the auditable cases, this due date was extended from
31st October, 2020 to 30th November, 2020.
6. In order to provide relief for the second time to small and middle class
taxpayers in the matter of payment of self-assessment tax, the due date for payment of
self-assessment tax date is hereby again being extended. Accordingly, the due date for
payment of self-assessment tax for taxpayers whose self-assessment tax liability is up
to Rs. 1 lakh has been extended to 31st January, 2021 for the taxpayers mentioned in
para 3(A) and para 3(B) and to 31st December, 2020 for the taxpayers mentioned in
para 3(C).
7. The necessary notification in this regard shall be issued in due course.
(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT

 

Click here for Press Release

Due dates for filing of Form GSTR-3B for the Tax Period of September, 2020 16/10/2020

Due dates for filing of Form GSTR-3B for the Tax Period of September, 2020.   16/10/2020

 

Government of India, vide Notification No. 29/2020 – Central Tax, dated 23rd March, 2020, had staggered filing of Form GSTR-3B, for the tax periods of April to September, 2020.

The due dates for filing of GSTR-3B returns for tax period of September, 2020, are as given below:

Sl. No Taxpayers with aggregate turn over (PAN based) in the previous financial year And Taxpayers having principal place of business in the State/ UT of Due date of filing of Form GSTR 3B, for September, 2020
1 More than Rs 5 Crore All States and UTs 20th October, 2020
2 Upto Rs 5 Crore State of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep 22nd October, 2020
3 Upto Rs 5 Crore State of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi 24th October, 2020

This is for information and necessary action please.

Thanking You,

Withdrawal of EVC facility extended to companies for filing GSTR1 and GSTR3B. 23/10/2020

Withdrawal of EVC facility extended to companies for filing GSTR1 and GSTR3B. 23/10/2020

 

The facility to file GSTR 3B and GSTR-1 with the EVC in lieu of DSC extended to the registered person, who are also registered under the Companies Act, 2013, shall be withdrawn w.e.f. 1st Nov. 2020. However, facility to file NIL returns through OTP verification, shall be continued for all types of registered persons in view of notification 58/2020- dated 1st July 2020