View Five Easy Steps of Filing Your GST Return for January

How to File GSTR-3B Return for Jan 2021?

GSTR-3B return: to the GST taxpayers the Central Board of Indirect Taxes & Customs has given an alert in context to those people whose average yearly turnover exceeds Rs 5 cr in the FY 2020-21. CBIC has questioned those assessees to furnish their taxes on time so as to avoid the penalty. A late fine will be imposed along with the interest if anyone is found filing a late GSTR-3B. The due date of filing the GSTR-3B return for January 2021 is 20th Fabruary.

The message was indeed retweeted by the finance ministry which was given by the Central Board of Indirect Taxes & Customs

The post is published on Twitter by the finance ministry which reminds the last date of furnishing the GSTR-3B return. " Attention GST Taxpayers whose Aggregate Annual Turnover is more than Rs. 5 crores during FY 2020-21! Remember to file your monthly GSTR-3B Return for January 2021 on or before February 20, 2021."

For people who do not have furnished GSTR-3B return for January, below are the steps that will assist you in filing the return.

How to File GSTR-3B Return:

Step 1: Log in to www.gst.gov.in

Step 2: Click on the service section of GST portal

Step 3: In the dropdown, Tap on returns

Step4: From the returns dashboard, pick the correct fiscal year and return filing period

Step 5: see for the file which resembles "Monthly return GSTR-3B" and select ‘Ready online.' You are on the correct path for the due dates of GST return filing.

Comments

GST: Assessees Must E-file Their Tax Returns by 30th Nov 2024 to Claim Pending ITC

If you are a GST-registered assessee you need to consider the due date to avail of any due Input tax credit or revised errors/omissions for the FY 2023-24 is November 30, 2024, via submitting the appropriate GST forms. Missing the due date can produce an outcome of a financial loss as the unclaimed ITC could not be used to offset your output tax obligation. What is the Method to Claim the Due ITC or Revised GST Errors for the FY 2023-24 It was stressed by the tax experts that the GST law specifies the procedure to claim the due ITC via GSTR-3B and amend errors in GSTR-1. Filing GSTR-1: Errors induced in GSTR-1 can be rectified by making amendments in the following GSTR-1 filings. Filing GSTR-3B: Via the GSTR-3B return the obligated ITC can merely be claimed. November 11, 2024, was the due date to submit the GSTR-1, and November 20, 2024, is for GSTR-3B without any penalty. Both the outcomes can be provided till November 30, 2024, as per the late fees. R...

How ITR Software Assists Individuals in Filing Tax Returns

Every assessee's process of income tax return (ITR) filing is significant, as it contributes to Indian's economy. The Income Tax Department has made efforts to facilitate this approach in recent years, but numerous people still see themselves steering a difficult financial system, multiple tax deductions, miscellaneous exemptions, and changing tax laws. This complexity can turn what must be an easy task into a significant challenge. In this context, income tax software evolves into an important partner, presenting a useful variety of accuracy, efficiency, and reassurance. The software enables return filing that permits taxpayers to handle their financial responsibilities when complying with the law. 1. Accurate Tax Calculations An incorrect income tax calculation of taxes could result in messages from the Income Tax Department or missed refunds. The tax software helps in finding taxable income and tax deductions that you may be allowed, like insurance or home loans. The co...

Why Small Firms Should Consider Gen Payroll Software?

Businesses in this competitive era would be required to manage the payroll. Payroll software has multiple operations such as paying employees, following tax laws, managing employee benefits, filing important documents, and keeping accurate records. Businesses that manage tasks manually or with spreadsheets can result in inappropriate compliance and issues, wasting time in doing operations. Gen Payroll software arrives to manage payroll with accuracy and resolve the issues that come therein. The merits and demerits of Gen Payroll software are mentioned below. Gen Payroll Software Gen Payroll is a payroll management software made by SAG Infotech . It eases and automates the process of payroll. The software’s features are tracking employee attendance, calculating salaries, ensuring compliance with laws like PF (Provident Fund), ESI (Employee State Insurance), and TDS (Tax Deducted at Source), as well as generating payslips. Businesses, whether small or large, can use this software. ...

SAG Infotech: Need Tax Software (Call 0141-4072000)

Search This Blog