Due Dates for uploading of GST Returns

Goods and Services Tax

Due Dates for uploading of GST Returns Form No Due Date GSTR 1 10th of Next Month GSTR 2 15th of Next Month GSTR 3 20th of Next Month GSTR 4 18th of Next Quarter * ( Composite Dealers ) * GSTR 5 20th of Next Month * ( For Non-Resident )* GSTR 6 13th of Next Month (Input Service Distributors) GSTR 7 10th of Next Month * ( For TDS Returns )* GSTR 8 10th of Next Month ( E-Commerce Operators ) GSTR 9 31st December of Next FY (…

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GST Applicability on Receipt of Advance

goods and services tax

GST on Receipt of Advance As per the clarification issued on 3rd June 2017 by the GST Council, following treatment are affected;   If the invoice is raised in the same tax period in which advance is received, it is clarified that there is no need to report the advance separately. Rate wise details of advance received and Invoice not issued to be disclosed Advances received in the earlier period and adjusted against invoice issued in the current period should be disclosed.     Following are the tax compliances; 1. Receipt 0f…

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TDS Applicability in case of Rent Paid

CBDT notified that TDS on Rent u/s 194Ib in the Income Tax Act under which, any person (including Individual/HUF to whom requirement of the tax audit is not applicable) paying rent of Rs 50,000 or more per month must deduct TDS at 5% (w.e.f 01.06.2017). 

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