What's new

• ITR 1,2 and 4 are available on income tax website for filling. • Tax audit report submission due Date 31 October, 2021 • Income tax return due date is 30 October 2021 • GST Audit due date upto 31st December 2021

GST Amendment

In view of the notification 34/2021 - Central dated 29th Aug 2021, where the due date of filing of application for revocation of cancellation of registration falls between 1st March, 2020 to 31st August, 2021, the time limit for filing of application for revocation of cancellation of registration is extended to 30th September, 2021

S.No. Aggregate Turnover in the preceding Financial Year Number of Digits of HSN Code to be reported in GSTR-1
1 Upto Rs. 5 crores 4
2 Above Rs. 5 crores 6

Implementation of Rule-59(6) on GST Portal
Date : 26th August 2021

  • Rule-59(6) of CGST Rules, 2017; inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in filing of GSTR-1 in certain cases
    • A registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1, if he has not furnished the return in FORM GSTR-3B for preceding two months
    • A registered person, required to furnish return for every quarter under the proviso to sub-section (1) of section 39, shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using the invoice furnishing facility, if he has not furnished the return in FORM GSTR-3Bfor preceding tax period