Latest GST News

26th Oct 2018 :

1. Due date of GST ITC-04 for the period of July 2017 to September 2018 extended till 31 December 2018.

2. Taxpayers whose registration has been cancelled by the proper officer on or before September 30, 2018, shall be required to furnish the final return in Form GSTR-10 till December 31, 2018.

21st Oct 2018 :

Due date to reconcile and file the amended GST data for FY 2017-18 in GSTR-3b for September 2018 & claim accurate ITC now extended to 25 October 2018.

28th Sep 2018 :

30th GST Council Meet held on 28th September 2018 (Friday) through video conferencing.

13th Sep 2018 :

1. TDS & TCS provisions will be effective from 1st Oct 2018.

2. Form GSTR-9C released. Due date of filing GSTR -9C yet to be notified.

10th Sept 2018:

1. Extension of Due date for GSTR-3B only for newly migrated taxpayers for months July 2017 to Nov 2018 till 31st December 2018. The due dates remain unchanged for rest of the taxpayers.

2. Extension of Due date for GSTR-1 in case of taxpayers with turnover above Rs 1.5 crores in previous FY or Current FY

a. Regular taxpayers : for months from July 2017 to September 2018 extended till the 31st October 2018.

b. Newly migrated taxpayers : for months from July 2017 to November 2018 extended till the 31st December 2018.

3. Extension of Due date for GSTR-1 in case of taxpayers with turnover upto Rs 1.5 crores in previous FY or Current FY

a. Regular taxpayers :

QuarterNew Due date

July – September 201731st October 2018

October – December 201731st October 2018

January – March 201831st October 2018

April – June 201831st October 2018

July – September 201831st October 2018

October – December 201831st January 2019

January – March 201930th April 2019

b. Newly migrated taxpayers : For all quarters from July 2017 to September 2018 extended till 31st December 2018.

c. For flood-affected regions of Kodagu, Mahe and Kerala : Above table of dates remain the same except for quarter July 2018 to September 2018 extended till 15th November 2018.

4. Due date of TRAN-1 and TRAN-2 is extended for certain taxpayers who could not complete filing due to tech glitch, to 31st March 2019 and 30th April 2019 respectively.

4th Sep 2018 :

1. Taxpayers who filed GST CMP-04 for opting out of the composite scheme between 2nd March 2018 to 31st March 2018 can declare their ITC claim in Form GST ITC -01 till 3rd of October 2018.

2. Time limit to file Form GST ITC-04 for the period from July 2017 to June 2018 has been extended till 30th September 2018.

3. CBIC released formats of GSTR -9 & GSTR -9A.

4. GST council waives the late fees for the following :

a. Taxpayers whose GSTR -3B for the month of October 2017 was submitted but not filed on the common portal.

b. Taxpayers whose GSTR -4 was filed for the period of October to December 2017 within due date but late fees were mistakenly charged.

c. Input service distributors who paid late fees for GSTR-6 for any tax period between 1st Jan 2018 to 23rd Jan 2018.

21st Aug 2018: Due date for filing GSTR – 3B for July 2018 has been extended to 24th August 2018.

6th Aug 2018: Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons), TDS and TCS provisions under GST deferred till 30th Sept 2019.

4th Aug 2018: 29th GST Council Meet was held at New Delhi. Incentives on Digital payments got a green flag. Committee to be formed for addressing MSME woes.

30th Jul 2018: Know the highlights of Proposed changes to GST return filing.

30th Jul 2018: Due date of GSTR-6 filing extended for months from July 2017 to August 2018 is 3oth September 2018.