Tax Guru

Failure of IMS in Reporting Credit Note Rejections Leading to Excess GSTR-3B Tax Liability

Explains how a credit note rejection led to excess GSTR-3B tax without IMS visibility. The key takeaway is that system ...
Hosted on MSN

GST return filing: CBIC extends GST return deadlines for GSTR-1, GSTR-3B over GST portal glitches; check details

The Central Board of Indirect Taxes and Customs (CBIC) has announced an extension in the deadlines for filing GSTR-1 and GSTR-3B returns due to technical glitches affecting the GST portal. Monthly ...
Tax Guru

GSTN ITC Reclaim Ledger and RCM Ledger: Hard Validations to Block GSTR-3B Filing

GSTN will soon enforce system-level blocking if ITC reclaimed or RCM ITC exceeds ledger balances. Key takeaway: taxpayers must reconcile ledgers to avoid filing ...
Republic Business on MSN

GSTR 1 November 2024 Due Date Today - How To File, Any Penalty For Delay?

The government has announced the last date for filing the GSTR-1 tax. This is a kind of tax that is filed monthly or ...

Simplified GST registration leaves MSMEs trapped if turnover rises

The GST portal blocks small businesses whenever their output tax exceeds the ₹2.5 lakh threshold. They can't even register as ...
The Navhind Times

GCCI seeks late-fee waiver, time relief for GST returns

Panaji: The Goa Chamber of Commerce and Industry (GCCI), on Wednesday, flagged compliance challenges faced by Goan businesses in the timely filing of Goods ...