Due Date and Late Fee for GSTR9

4. What is the due date of GSTR-9?

GSTR-9 due date is on or before 31st December of the subsequent financial year.

For instance, for FY 2017-18, the due date for filing GSTR 9 is 31st December 2018.

5. What is the Penalty for the late filing of GSTR-9 form?

Late fees for not filing the GSTR 9 within the due date is Rs. 100 per day per act up to a maximum of an amount calculated at a quarter percent of the taxpayer turnover in the state or union territory. Thus it is Rs 100 under CGST & 100 under SGST, the total penalty is Rs 200 per day of default. There is no late fee on IGST.

Comments

GST Audit Due Date Extended

The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing of GST Audit reports in forms GSTR-9, GSTR-A and GSTR-9C FORM GSTR-9 and FORM GSTR-9A have been notified vide notification No. 39/2018-Central Tax, dated 04.09.2018 while FORM GSTR-9C has been notified vide notification no. 49/2018-Central Tax, dated 13.09.2018 as part of the CGST Rules. The competent authority has decided to extend the due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C till 31st March, 2019. The requisite FORMs shall be made available on the GST common portal shortly. Relevant order is being issued, the CBIC said last day.

Types of Assessment Under GST

ASSESSMENT To enhance the positive economic environment government consolidated all most all indirect taxes in to one tax called Goods & Services Tax (GST). It is the major step of Indian government in the global scenario. Today I am sharing an article on Assessment under GST. It means determination of tax liability under GST law. There are various types of assessment under GST mentioned below:- Types of Assessment under GST - Advertisement - Section 59-64 of the Central Goods and Services Tax (CGST) Act explain the concept of assessment. Self-assessment Provisional assessment Scrutiny assessment Assessment of non-filers of returns Best Judgment assessment Assessment of unregistered persons Summary assessment It is to be noted that only self-assessment is done by the taxpayer himself. All the other assessments are by tax authorities. - Advertisement - Self-Assessment As per Section 59 of CGST Act. Every registered person shall self-as

Recent Changes in GST Rates

Recent Rate Changes on Goods GOODS S.NO Items New Rate Old rate 1 Rakhi (other than that of precious or semi-precious material ) Nil 18% 2 Sanitary Napkins Nil 12% 3 Circulation and commemorative coins Nil 5% 4 Raw material for broom Nil 12% 5 Stone/Marble/Wood Deities Nil 5% 6 Sal leaves and its products Nil 18% 7 Khali dona Nil 18% 8 Coir pith Compost Nil 5% 9 Chenille fabrics and other fabrcis under 5801 5% 12% 10 Handloom dari 5% 12% 11 Phosphoric Acid (fertilizer grade only) 5% 12% 12 Handmade Carpets, Textile Floor, Coverings 5% 12% 13 Knitted cap/topi having retails sale value exceeding Rs. 1000 5% 12% 14 Kota Stones and Simliar Stones (other than polished) 5% 18% 15 Ethanol for sale to oil marketing companies for blending with fuel 5% 18% 16 Solid Bio fuel pellets 5% 18% 17 Marine Engine 5% 28% 18 Bamboo Flooring 12% 18% 19 Hand Operated Rubber Roller 12% 18% 20 Brass Kerosene Pressure Stove 12% 18% 21 Zip and Slide Fastener 12% 18% 22 Handicrafts (E

Indian GST & TAXES

Search This Blog