Govt Portal Mandates GSTR-1 Filing for Same Period GSTR-3B

Now Mandatory to File GSTR-1 for GSTR 3B

A taxpayer is not able to open the GSTR-3B form of October 2022 on the GST Common Portal if the GSTR-1 form of the same tax period October 2022 is not filed yet. CBIC has warned taxpayers via tweet with brief details.

A taxpayer who has not furnished the GSTR-1 for the previous period including the current period will not be able to file the GSTR-3B form for the current period.

Sections 37 & 39 of the Central Goods and Service Tax Act (CGST), 2017 have been amended by the Central Government vide Notification No. 18/2022-Central Tax dated 28th September 2022 with effect from the 1st of October, 2022.

In accordance with section 37(4) of the CGST, Act, taxpayers who have not filed GSTR-1 for a previous tax period shall be barred from filing GSTR-1, and in accordance with section 39(10), taxpayers who have not filed GSTR-3B for the same period shall not be permitted to file GSTR-3B.

Unless a registered person has furnished the details of outward supplies for any of the previous tax periods, a registered person shall not be able to furnish the details of outward supplies for the current period. Unless the details of outward supplies have been submitted under sub-section (1) of section 37 for the said tax period, the registered person will not be able to furnish a return for a tax period under Section 39(10).

Comments

A Full Guide to GST E-Way Bill 2 for Faster Compliance

Have you encountered any challenges while trying to create a GST E-way bill using the government portal? If yes, SAG Infotech is here to provide some important solutions for you. NIC has launched the GST E-Way Bill 2 Portal. Designed to Offer GST E-way Bill Services with High Availability Using the e-way bill site, taxpayers and logistics operators can log in with their current account and password. Data from the GST E-way Bill2 site will be verified, combined, and available on the main GST E-way Bill portal for all business and analytical objectives. To guarantee that e-invoice generation is unaffected, this portal is integrated with another e-invoice portal for e-way bill generation. Users can freely create and amend E-Way Bills using the GST E-Way Bill2 Portal. The seamless integration and merging of the e-Waybill1 and e-Waybill2 systems will lessen reliance on the e-Waybill1 system in emergencies. E-way bill details are synchronised with the main portal in only a few seco...

Gen Online Payroll Software for Small Business in India

In today's digital world, every person and businessperson works very hard to manage data manually, which can be a time-consuming and labour-intensive task, particularly when information needs to be constantly updated and verified. Likewise, managing large volumes of employee-related data can be a challenging and overwhelming task for HR professionals. Therefore, to address the workload and complexity of these tasks, the IT sector has developed Payroll software. In recent years, we have seen a huge growth in the number of Payroll software options. Yes, there are many types of HR Payroll software available in the Indian market at present. If you're looking for a reliable and popular payroll software option, you can choose Gen Online Payroll software, brought to you by SAG Infotech. Whether the business is medium or small, Gen Payroll software can make managing numerous important tasks of a human resources manager hassle-free. The Online Payroll software assigns a unique ...

GST Collection of August 2024 Reaches INR 1.75 Lakh Crore

Concerning the financial front, gross GST collections for August 2024 show a strong 10% growth, reaching approximately ₹1.75 lakh crore. This surge, driven by robust domestic consumption, led to a 9.2% increase in GST revenues from domestic transactions to approximately ₹1.25 lakh crore. Revenue from imported goods also saw a substantial rise of 12.1%, totalling ₹49,976 crores. Despite the overall growth, there was a slight decrease from the ₹1.82 lakh crore collected in July 2024 when compared month-on-month. However, industry experts remain optimistic. They point out that the 10% year-on-year increase at the commencement of the festive season is a strong indicator of sustained and potentially growing consumption in the upcoming months. The government's ongoing efforts to simplify the GST process, especially through measures such as adjusting rates to lower working capital expenses, have been positively acknowledged. This dedication is also evident in the ₹...

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

Search This Blog