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)
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