WebGST return cannot be filed without the payment of the Late fee. Late fee for the month includes previous month’s late fee charged due to delay in filing of the return. Also, non-payment or late payment of GST attracts Interest. Interest under GST & Calculation WebNov 8, 2024 · From October, the stringent rules will come into action in a full-fledged way. It will become mandatory to substitute the return GSTR-1 with monthly GST ANX-1 from October for large taxpayers and with quarterly GST ANX-1 from January 2024 for small taxpayers for the quarter period of October-December 2024.
FAQs - Goods and Services Tax
WebSep 4, 2024 · Apart from this all credit as well as debit notes are also required to be reported under this return. GSTR-1 return is required to be filed by normal taxpayers monthly. … WebApr 9, 2024 · B) QRMP Scheme under GST:- Registered persons having aggregate turnover up to Rs 5 Cr. are allowed to furnish their GST returns on a quarterly basis along with monthly payment of tax under Quarterly Return Monthly Payment or QRMP scheme under GST, with effect from January 01, 2024, i.e. from the last quarter of FY 2024-21. mcguff glutathione
Introduction of quarterly returns & CGST Amendment Rules
WebMar 22, 2024 · Such Compliance includes Compliance related to Annual GST Return, Composition Scheme under GST, New/Unique series of invoice, E- Invoicing, QR Code, HSN code requirements, Renewal of LUT, Quarterly Return Monthly Payment Scheme and Updation of information on GST Registration Certificate and GST Portal. Abbreviations: http://caportal.saginfotech.com/blog/new-gst-return-filing-system-applicability/ WebFeb 7, 2024 · Canada.ca Taxes GST/HST for businesses Remit (pay) the GST/HST by instalments If you are an annual filer and your net tax for your previous fiscal year is … mcguffie