Blog {Team GSTFORCE.COM}

Posts

Showing posts from February, 2021

Press Note regarding extension of due date for furnishing of Annual Returns GSTR-9 and GSTR-9C for financial year 2019-20 to March 31, 2021. https://t.co/fZsOeLjqkd

CBDT extends various limitation dates. Notification no. 10/2021 in S.O. 966 (E) dated 27/02/2021 issued. Date for passing of assessment or reassessment orders under the IT Act, that are getting time barred on 31st March, 2021 due to extension of limitation date by the notification dt 31st December, 2020 has been extended to 30th April, 2021 Date for passing assessment or reassessment orders (not covered by (i) above), that are getting time barred on 31st March, 2021, as per time limit specified in section 153 / 153B of the Income-tax Act, has been extended by 6 months i.e. to 30th September, 2021Date for passing of penalty orders extended to 30th June, 2021. Date for issue of notice & passing of orders by Adjudicating Authority under the Benami Act extended to 30th September, 2021.

Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 19-20 is more than Rs. 5 crore!File your Annual Return along with Reconciliation statement GSTR-9C before February 28, 2021. https://t.co/MXYHE0WFTn

Attention GST Taxpayers whose aggregate annual turnover for the FY 19-20 is more than Rs. 2 crore!File Annual GSTR-9 Return before February 28, 2021. https://t.co/ZxfKiTaG0T

CBIC provides facilitation for exporters having IGST refund issues

CBIC provides facilitation for exporters having IGST refund issues Posted On: 22 FEB 2021 7:05PM by PIB Delhi The Central Board of Indirect Taxes and Customs (CBIC) has extended the time limit for sanction of pending IGST refunds in such cases where records have not been transmitted to ICEGATE due to GSTR1 and GSTR3B mismatch error. This overcomes the problem of refund blockage by allowing refunds subject to undertakings/submission of CA certificates by the exporters and post refund audit scrutiny. This facilitation was issued Vide Circular 04/2021 and would be applicable to all shipping bills filed up to 31.03.2021. The CBIC hasalso extended the facility for resolving invoice mismatch errors (classified as SB-005 error) through customs officer interface on permanent basis vide Circular 05/2021. Earlier this facility was provided for a limited period i.e. in respect of shipping bills filed up to 31.12.2019. The exporter may avail the facility of correction of Invoice mis-match errors (