GST Updates 24.05.2021


Namaskar๐Ÿ™


๐Ÿ‡ฎ๐Ÿ‡ณ GST Updates 24.05.2021


1️⃣ Today is the due date to file GSTR-3B <= Rs. 5 Cr. (QRMP-Noth & East States) without any late fee and Interest @9% p.a. for the month of Mar-21.

2️⃣ W.e.f. 25.05.2021, Late Fees and Interest @18% p.a. shall be levied.


3️⃣ GST Returns: Government collected INR 107 Crore as GST Late Fee in last Two Years (RTI).


4️⃣ Small businesses need more time for GST compliances: survey. 


๐Ÿ‘€Sources: Agenda for GST Council on 28th May. Link: https://t.me/praveengst/5582


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Regards

CA. Praveen Sharma

Your's GST Mitra

+91 9871530610

NIRC Candidate

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