Point No.5 of GST Council recommendation is as: "To facilitate the ease of payment and return filing for small and medium businesses with annual aggregate turnover up to Rs. 1.5 crores, it has been decided that such taxpayers shall be required to file quarterly returns in FORM GSTR-1,2 & 3 and pay taxes only on a quarterly basis, starting from the third quarter of this financial year i.e. October-December, 2017. The registered buyers from such small taxpayers would be eligible to avail ITC on a monthly basis. The due dates for filing the quarterly returns for such taxpayers shall be announced in due course. Meanwhile, all taxpayers will be required to file FORM GSTR-3B on a monthly basis till December, 2017. All taxpayers are also required to file FORM GSTR-1, 2 & 3 for the months of July, August and September, 2017. Due dates for filing the returns for the month of July, 2017 have already been announced. The due dates for the months of August and September, 2017 will be announced in due course". Now my query is: whether small taxpayers are required to file monthly GSTR 3B or not? If yes then with payment of tax or without payment. Please answer with source for my reference?
Click here to view / answer Share it onCan any one clear my query that Can a graduate from Arts/ Science enroll as a GSTP, there are many people good in Accounts and Taxation but not have commerce degree. Please Clear my query
Click here to view / answer Share it on
practitioner Hello, I want to cancel my service tax registration. I have yet not migrated in GST. is it mandatory to migrate into GST? how can I surrender service tax without migration?
Click here to view / answer Share it oncancellation I am facing error while registering DSC on GST portal. Error is "Fail to connect to the server. Please restart your EM signer and try again." Please suggest solution.
Click here to view / answer Share it onWho are required to get labour licence? what are the those conditions which make it mandatory? what are the process of obtaining it?
Click here to view / answer Share it onWhat are the due date for filing GSTR-1&2 for July?
Click here to view / answer Share it onI want to export electrical goods to USA. For this, I wish to get IEC Code for my Firm. Kindly help me out with the procedure and checklist of documents.
Click here to view / answer Share it on
Please remember that Input Tax Credit of GST paid is allowed only for Goods/Services received as Input for Commercial/Business Purpose.
If You take benefit of ITC wrongly by providing GSTIN to Sellers/Suppliers on Goods/Services of Personal Nature then you can expect notice and legal proceedings by Department.