Sometimes while we are about to attach the DSC to file the return be it GSTR-3B, GSTR-1 or TRANS-1, the error message “Authentication has failed at emas” is displayed. This error will be resolved by updating the DSC. So let’s understand the resolution for the same. Go to My Profile Click on Register/ Update DSC The Register…
Although Government has waived the late fee over and above the Rs.25 each vide (notification no 64/2017 dt 15-11-2017) but still while filling the GSTR 3B for the month of October after due date i.e. 20th Oct 2017 , the Portal is automatically generating late fees of Rs 100 each instead of Rs.25 each. This…
GSTR Form-3B has been made the soul of the GST Act, 2017 vide Notification No.56/2017-Central Tax, dt. 15-11-2017 that seeks to mandate the furnishing of return in FORM GSTR-3B till March, 2018. So, it becomes very important to correctly file GSTR Form-3B. Vide Circular No. 07/2017 dated 01-09-2017 the detailed procedure for reconciliation of information…
A recent statement of Arun Jaitley gave a sigh of relief to lakhs of tax payers, who missed their GSTR-3B filing deadline for August and September’17, when he tweeted about waving the fine for late filing of GSTR-3B. Finance Minister Sh. Arun Jaitley tweeted “To facilitate taxpayers, late fee on filing of GSTR-3B for August…
The score cards for the collection of GST for September 2017 are out now. The finance ministry in its announcement made on 24th October’17, declared that, about 42.91 lakh tax payees have deposited around Rs. 92,150 crores as GST for Sep’17. It stated “The total revenue of GST paid under different heads (up to October…
Like any other mechanism which is so huge, mammoth and hugely technological – complexities, intricacies and errors are bound to happen. Similar in nature, is the recent fuzziness around GSTR-3B filing and the fines reflecting at the GST portal. The due date for GSTR-3B is 20th of each month for the preceding month. The system…
A potential glitch in the GST return filing process has caused piling up of hundreds of crores rupees with the government, which actually should be credited to the organizations in respect of their Input Tax Credit. The missing column of carrying forward of ITC [of the pre GST era] in the form GSTR-3B is causing…
Today everybody is busy in decoding the law of GST so that they can remain compliant and they don’t have to pay the interest or late fees unnecessarily. However, it is easier said than practically done. The law of GST is so confusing that most of the taxpayers are committing mistakes. Let’s understand the mistake…