Now File NIL GSTR 3B in one click
PrintListen to this Article
The GST network in a statement said, “A new functionality has been introduced on the GST portal for ease of the taxpayers under which questions will be posed as soon as the taxpayer enters the Returns dashboard and only relevant tiles will be displayed to the taxpayers based on the answers to the questions posed."
For “zero” GSTR-3B return, a taxpayer can in one-click commence the filing procedure as no tile will be shown to them.
Apart from this, a section has also been introduced on each page for the convenience of the taxpayer answering all their queries related to GSTR filing.
Prakash Kumar, CEO of GSTN, told PTI, “Until now, taxpayers were shown all tiles with payments when they enter the Returns dashboard but now they will be shown only those tiles which are relevant for them. They will be asked questions and basis their response, they will be shown only relevant tiles."
What are GSTR-3B?
GSTR-3B is an simple return form introduced by the Central Board of Excise and Customs (CBEC) for July 2017 till March 2018.
It contains information like outward and inward supplies, and is needed to be filed separately for each GSTIN you have.
Tax liability of GSTR-3B is required to be paid by the last date of filing GSTR-3B for the month.
Every individual, who are registered under GST, needs to file GSTR-3B. This is not applicable for Input Service Distributors, Composition Dealers, Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act) and Non-resident taxable person.
In case a taxpayer fails to file GSTR-3B on the expected deadline, he is liable to pay penalty of Rs 50 per day of delay and Rs 20 per day of delay. #casansaar (Source - ZeeBiz)
Category : GST | Comments : 0 | Hits : 930
TEST
Dear Taxpayers, 1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate. 2. Key Enhancements Include (PDF with screenshots attached): i. News and Updates Section: We have introduced a dedicated tab for all news and updates. This section now includes a bet...
The Supreme Court on Friday issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council and the National Anti-Profiteering Authority (its functions have been taken over by the Competition Commission of India) on a petition challenging a Delhi High Court verdict, upholding the constitutional validity of anti-profiteering provisions filed by a real estate company. The petition, filed by Swati Realty, says the high court ...
The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR). Disposing a petition by Kochi-based Modern Food Enterprises, a single judge bench of Justice Dinesh Kumar Singh said if key inputs (cereals, flour, starch, etc) and preparations are s...
A businessman from Delhi was taken into custody by the Noida police for his alleged involvement in a massive Rs 15,000 crore GST fraud that was exposed last year, TOI reported. Tushar Gupta, aged 39 and residing in Tilak Nagar, was arrested as the 33rd suspect in this case. The police revealed that Gupta had exploited input tax credit (ITC) using 35 fake companies, resulting in a loss of Rs 24 crore to the exchequer over the past two years. He was reportedly part of a syndicate that utiliz...
Comments