The government over the past several months has made several important changes in GST law. The majority of these changes are coming into effect from 1 January 2022. The below tables contain the details of due dates for various compliances under the Goods and Service Tax Act, 2017 (‘GST Act’).
Note: From January 2022 onwards, if the GSTR-3B return for a particular month is not filed by the taxpayer, then it will not be allowed to file the GSTR-1 of the subsequent month.
GSTR-3B –
This return contains the details of outward supplies (consolidated data of GSTR-1), inward supplies subject to RCM payment, ITC details, exempt, nil-rated, and non-GST inward supplies, payment of tax details, etc.
Other returns and forms–
Other important updates:
The 46th GST Council has deferred its earlier decision to change the rates in textiles recommended in the 45th GST Council meeting. Consequently, existing rates in the textile sector would continue beyond 1st January 2022.
The due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has been extended from 31 December 2021 to 28 February 2022.
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When you get associated with I Connect Financial Solutions, you have to sit back and relax we take care of all the quires related to the GST Returns and filing of it. We make sure that our client’s returns are filed before the due date without late fees and interest. We are just a call away, contact us, and then don’t worry about the rest.