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Saturday, September 2, 2017

Late Fee Waived for GST

02-September-2017 18:07 IST
Late fee waived for all tax-payers who could not file the GSTR 3B for the month of July 2017
The Goods and Services Tax (GST) tax was introduced on 1st of July 2017.  The last date for payment of GST for the month of July 2017 was 25th August 2017.  Payment of GST is complete only when amount of tax payable is debited from electronic cash / credit ledger.

            Now late fee for all taxpayers who could not file GSTR 3B for the month of July 2017 has been waived, but not the interest on late payment of Tax liability.

            GSTR 1 is to be filed by all taxpayers by 5th of September 2017 and GSTR 2 and GSTR 3 to be filed by all taxpayers by 10th and 15th of September 2017 respectively.

            Taxpayers who have committed errors in GSTR 3B will be able to put the correct details in GSTR 1-2-3. However, interest will be leviable from all taxpayers who have not discharged their complete Tax liability for July 2017 by 25-08-2017.

            Furthermore, vide Circular dated 01-09-2017, procedure for systems based reconciliation of GSTR 1-2 with GSTR 3B has been clarified.



02-September-2017 09:14 IST
PM's fifth interaction with Additional Secretaries and Joint Secretaries
The Prime Minister, Shri Narendra Modi, on Friday met and interacted with a group of over 90 Additional Secretaries and Joint Secretaries serving in the Government of India. This was the last of five such interactions.

During the interaction, officers shared their experiences on subjects such as governance, social welfare, tribal development, agriculture, horticulture, environment and forests, education, project implementation, urban development and transportation.

The Prime Minister urged the officers to work towards simplification of governance processes. He said well executed projects and schemes should serve as case studies, so that their success can be emulated.

Highlighting the current positive global environment in favour of India, the Prime Minister asked officers to work with clear objectives towards creating a New India by 2022.


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