sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« News Headlines »
 Notification No.93/2018 - Customs (N.T.) Central Board Of Indirect Taxes And Customs
 Now don’t forget to file your income tax return Paid TDS?
 National Financial Reporting Authority Rules, 2018
 Jindal Metal Co. Vs. Principal Commissioner Of Income Tax, Delhi-21
 Goods And Service Tax (Gst) Concept & Status As On 1st November, 2018
 Notification No. 91 /2018-Customs (N.T.) Central Board of Indirect Taxes and Customs
 Top 5 must-knows for education loan tax deduction
 Notification No.90/2018 - Customs (N.T.) Central Board Of Indirect Taxes And Customs
 The Central Goods And Services Tax (Amendment) Bill, 2018
 New Forms for making an application under section 197 and/or section 206C of the Income-tax Act, 1961
 I-T dept proposes online filing of tax exemption application

Last date for filing GST annual return is December 31
September, 05th 2018

The Finance Ministry on Tuesday notified the format for filing annual Goods and Services Tax (GST) returns. With this, the uncertainty over filing the return is over and now assessees will have to file the first annual return by December 31.

There are two sets of forms, one for normal assessees and other for composition scheme assessees (Those with annual turnover up to ?1 crore). In the said notification, the Government has tried to make things simpler unlike the draft which was quite bulky and more complicated. It has also designed new formulae for calculating the turnover, similar to the erstwhile regime. Tax officials feel that that new forms are concise and more practical. At the same time they will help in ease of doing business.

Talking about the forms, MS Mani, Senior Director, Indirect Tax, Deloitte India, said the notification of new form is good for businesses as they will have clarity about compliance of not only indirect, but also direct taxes. “This provides windows for reconciliation of the relevant details of GSTR and Income Tax Return. In those cases where transfer pricing provisions are applicable, a reconciliation in respect of data submitted in Transfer Pricing report can be burnt with data submitted in GST annual return.”

The last date for filing income tax returns by corporates is September 30, while that for Transfer Pricing is November 30. Now with last date for GST annual return being December 31 will provide enough opportunity for businesses to get their data matched and avoid inconvenience.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions