Latest GSTR-1 Due dates Quarterly and Month Wise with Extensions

Do you need help in filling GST Returns? Click here to get started IFF & GSTR-1 Due dates Quarterly and Month-wise In this article, we have provided a list of GSTR-1 due dates including any extensions and state-specific for all the months. Every registered person other than Composition taxpayer, Nonresident taxable person, Input Service Distributor,…

Can GST ITC on Mobile Phone & Bill be claimed by a taxpayer?

CA Assisted GST Returns Filing & Preparing Reconcillations GSTR-1 and GST-3B Filing</p > TDS/TCS Statement Filing</p > GSTR-2B Input Credit Reconcillation</p > Maintaining Purchase & Sales Register</p > GST Payment Support</p > 24/7 GST Consultant Support</p > Hurry Up! Fill the Form Now Get GST Returns (GSTR-1 & GST-3B) filed monthly at Rs. 699 only….

How to claim GST ITC on Repair and Maintenance of Building?

Can GST Input credit be claimed on Repair and Maintenance of Building? GST ITC on repair and maintenance of Building can be claimed only if it amounts to routine repairs not the construction of the immovable property. Let us discuss the following along with the provisions of the CGST Act, 2017. GST Input credit can…

Eligibility of GST ITC on Bank charges & Journal entry

Whether ITC on Bank Charges is eligible or not? The ITC on bank charges is an eligible credit only if conditions mentioned in Section 16 of CGST Act,2017 are fulfilled. Bank charges input credit also does not fall within the ambit of Blocked credit in Section 17(5) of CGST Act,2017. We have discussed this issue…

How to generate Flipkart reports for GST Returns filling?

Downloading Flipkart Reports for GST Returns – GST 3B and GSTR 1 The Flipkart sellers need three different types of reports for GST Return filling. The three different types of Flipkart reports for GST returns are as follows. GSTR Return Report TDS Report Sales Report Without the help of these reports eCommerce, sellers cannot file…

Interest on Late Payment of GST: Case Law and Opinion

Interest on delayed GST Payment The legal position Recently, the GST Council has held its 39th meeting in which it has approved that the interest on GST late payment shall be payable on liability paid belatedly in cash component only, and this shall be made applicable w.e.f. Jul’2017 i.e. retrospective effect.  However, it shall be…

GST Interest on late payment & reversal of input credit

GST Interest calculation, interest on reversal & refunds How to calculate interest on the late payment of GST? Interest applies to the late payment of GST. Section 50 of the Central Goods and Service Act 2017 states the following provisions. (1) Every person who is liable to pay tax in accordance with the provisions of…