can gstr 3b be filed quarterly?
14583
Only one Quarterly return facility in GSTR-1 is available If TO is upto 1.5 crore but GSTR-3B must be filed monthly. Every taxpayer who will apply for quarterly return has to pay tax in self declaration form on monthly basis for first two months of the quarter.
367198
As per the Act: GSTR-2 due date for Filing GSTR-2 is 15th of next month. There is a 5-day gap between GSTR-1 & GSTR-2 filing to correct any errors and discrepancies. For business' with turnover less than 1.5 crores, quarterly returns are applicable whose due dates will be announced later.
105551
“Taxpayers (T.O. INR 5 Crore and Above) can file returns due in March, April and May 2020 by last week of June 2020 but the same would attract a reduced rate of interest @9 % per annum from 15 days after the due date (current interest rate is 18 % per annum).
408614
1. GSTR-3B vs GSTR-1. GSTR – 3B is a monthly summary return filed by a taxpayer by the 20th of the next month. ... GSTR – 1 is a monthly or quarterly return filed by taxpayers to disclose details of their outward supplies for the month – along with their tax liability.
995619
Let us see some of the most important differences between GSTR-3 and GSTR-3B forms. GSTR-3: It is an auto-populated monthly return. GSTR-3B: It is a self-declaration monthly return and does not get populated automatically. GSTR-3B: It is being practiced and has been declared to be filed mandatorily.
731434
As per the new rule, when a taxpayer fails to file his or her GST returns (GSTR-3B) for two continuous months, he or she will get blocked from generating an e-way bill. A GSTIN which is blocked cannot be used for generating an e-way bill either as a consignor or consignee.
255176
How to revise GSTR-1? Return once filed cannot be revised. Any mistake made in the return can be rectified in the next periods (month/quarter) return. It means that if a mistake is made in September GSTR-1, rectification for the same can be made in October's GSTR-1.
1127298
The IRS requires the mid-quarter convention for tax reporting purposes if at least 40 percent of the cost basis of all tangible personal property acquired over the course of the year occurs in the last three months of the tax year.
1459075
The due date of GST Annual Return for FY 2017-18 to be extended to 31st January 2020. The last date of filing an annual return in Form GSTR-9 and reconciliation statement in Form GSTR-9C for FY 2017-18 has been extended to 31st January, 2020 from 31st December, 2019.
1396341
1. Filing ITR for Previous Years. According to the Finance Act 2016 amendment, you can file your belated IT Returns anytime on or before 1 year from the end of the relevant Assessment Year (AY).
172286
GSTR-2 contains details of all the purchases transactions of a registered dealer for a month. It will also include purchases on which reverse charge applies. The GSTR-2 filed by a registered dealer is used by the government to check with the sellers' GSTR-1 for buyer-seller reconciliation.
993383
It is not the same information. The quarterly report provides financial and other information for the current three-month, i.e., quarterly, period, and the year-to-date period, the latter of which could be six or nine months, and the annual report provides financial and other info for the full year.
623413
The due date for filing annual return and GST audit report for FY19 has been extended till 30 September, 2020, the Central Board of Indirect Taxes and Customs (CBIC) said in a notification.
760662
GSTR-3. GSTR-3 is a monthly summary return for furnishing summarized details of all outward supplies made, inward supplies received and input tax credit claimed, along with details of the tax liability and taxes paid. This return is auto-generated on the basis of the GSTR-1 and GSTR-2 returns filed.
98165
What is GSTR-1? GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales. The return has a total of 13 sections.
1332139
Third quarter, Q3: 1 July – 30 September (92 days) Fourth quarter, Q4: 1 October – 31 December (92 days)
505891
NIL Return in GSTR 1 Essentially, it is a return showing all the sales transactions of a business. All regular taxpayers having GST registration are required to file NIL GSTR1 return even if there was no business activity during a month. A NIL GSTR1 return can be easily filed online within a short span of time.