There are assessees who are facing issues in GST return furnishing, the tax council stated that the IT grievance redressal committee will acknowledge the imposed interest and the late fee.
On September 20 Central Board of Indirect Taxes and Customs (CBIC) clarified that some of the assessees are facing hardships in the updation of the electronic cash ledger.
The last date for filing the GST return and furnishing the taxes through GSTR-3B for August was Monday.
“To mitigate their difficulties, GSTN has been directed to take up the issue of waiver of late fee and interest for one day for such taxpayers, before the IT Grievance Redressal Committee, the tweet expressed.”
What is the Term State for GST Return?
The credentials such as income, sales, expense, or purchase come under one document and that document is called a GST return through the tax heads an assessee which includes every GSTIN is needed to furnish the tax. This is practised through the tax head to compute the total tax liability.
Beneath GST an enrolled dealer is required to furnish the GST returns which consist of
- Purchases
- Sales
- Output GST (On sales)
- Input tax credit (GST paid on purchases)
File Your GST Return by Gen GST Software With Zero Penalty
You can now easily file your taxes through the ready data calculation facility provided by Gen GST return e-filing software. The software helps in the complete billing of invoices as well as calculation of SGST, CGST and IGST for the individuals filing their respective returns for organizations.
The Gen GST has a complete set of GST forms, GSTR 1 GSTR 3B and GSTR 9 annual return forms as well.
You can find out our software on our official website and can use it free as we have a demo service for the same. The organization builds GST software modules that provide faster and simpler GST tax filing.
Whether there is any provision for waving off late fee for not filing GSTR 3B due to system error by the taxpayer? Please guide.
No