GST portal News

As per a notification by the Central Board of Indirect Taxes and Customs (CBIC), the last date for filing GSTR-1 for December is January 13, while that for taxpayers opting for quarterly payment under the QRMP scheme for the October-December period will be January 15.

It is to be noted that the deadline to file GSTR-1 is January 11, 2025 for the December 2024 tax period. 

The Composition Scheme under the Goods and Services Tax (GST) offers a straightforward and hassle-free tax solution for small businesses.

GSTR-2B statement is usually made available to businesses on the 12th day of succeeding month. GSTR-3B is filed in staggered manner between 20th, 22nd and 24th of every month for different categories of tax payers. GSTR-2A is a system generated statement of inward supplies.

At the upcoming GST Council meeting, the Centre will address several compliance issues. The GST portal will then be utilised for registration, tax payment, IT returns, and computation and settlement of IGST. GST council meeting will help in facilitating the procedure for the Aadhaar authentication of existing GST users.

There is one way with which you can easily do it, just by logging in to the GST portal. The basic difference between these two processes is that you can view additional details of the Tax Period and Tax Amount Claimed when you view the status of the refund application after logging into the GST Portal.

Table 6A of Form GSTR1 allows taxpayers to file export related data for the period concerned that permits processing of the tax refund on the basis of declaration made under Form GSTR 3B and Table 6A of GSTR-1.

Navin Kumar, chairman of the GST Network, also said barely half of the 34 service providers accredited to help firms bulk-file invoices online had received approval to go live.

Businesses can start filing their first tax return under the new Goods and Services Tax (GST) regime as the GST Network has started the facility for return filing and paying taxes on the portal.

The deadline for filing the first return GSTR-3B is August 20.

The Excel template, comprising eight worksheets, is part of GST Network's approach to make tax compliance easy and convenient for taxpayers and also reduce the time of compliance.

Around 81,500 companies from the city have already migrated to the GST portal so far and the service tax department is hopeful that the remaining ones will be doing so by the April 30 deadline.

The Revenue Department has expressed "serious concern" over delay in migration of excise and service tax assessees to the new GST regime and asked field officers to complete the process by March 31.

A new and simpler portal for the incoming Goods and Services Tax regime went live on Tuesday that will enable easy filing of returns and tax payments through credit/debit cards and other modes.