S. Jaykishan

Chartered Accountants

Author Archive for S Jaykishan

Taxpayers required to submit rectified refund application with earlier ARN against deficiency memo, clarifies CBIC

Taxpayers required to submit rectified refund application with earlier ARN against deficiency memo, clarifies CBIC

(Date: 26/10/2018)

The GST portal does not allow a taxpayer to file a fresh application for refund, once a deficiency memo has been issued against an earlier refund application. Therefore, the CBIC has clarified that the taxpayers would be required to submit the rectified refund application under the earlier Application Reference Number (ARN) only, till the time such facility is developed.

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Rectification facility to shipping bills extended by CBIC upto November 15, 2018

Rectification facility to shipping bills extended by CBIC upto November 15, 2018

(Date: 25/10.2018)

The IGST refunds of exporters were struck due to mis-match errors between the Shipping bills and GSTR-1, i.e., SB005 error. Earlier, the rectification was allowed to shipping bills filed upto June 30, 2018. The CBIC has further extended the rectification facility to shipping bills filed upto November 15, 2018.

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Due date for filing of GSTR-3B for Sept., 2018 extended to Oct. 25, 2018

Due date for filing of GSTR-3B for Sept., 2018 extended to Oct. 25, 2018

(Date: 22/10/2018)

The last date for filing the return in FORM GSTR-3B for the month of September, 2018 is extended to October 25, 2018. The extension of the said due date also implies that the last date for availment of ITC for the period July, 2017 to March, 2018 also gets extended up to October 25, 2018.

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