Important news and circulars dated 24.03.2021 published on the Web Portal of Goods and Service Tax.
Dear all,
Your association SIMA is sharing herewith the important circulars recently published on the Web portal of Goods and Service Tax (GST). The details of the circulars are as under:
1. Opting-in for Composition Scheme for the Financial year 2021-22 (updated on 24.03.2021)
Team GSTN has detailed the procedure of Opting-in for Composition Scheme for Financial Year 2021-20 i.e. How to opt-in for Composition Scheme, Who is eligible for opting-in for Composition Scheme and Who is not eligible for opting-in for Composition Scheme, etc.
To view the full news, PLEASE CLICK HERE.
2. Classification of Taxpayers (updated on 16.03.2021)
Taxpayers are required to select their business activity only once, as - Manufacturer, wholesaler/Distributor/Retailer, service providers & others post-login based on the highest turnover amongst them. You can change the same later
To view the update, PLEASE CLICK HERE.
3. Due dates for filing of Form GSTR-3B from the Tax Period of January 2021 (updated on 16.03.2021)
Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No 82/2020 – Central Tax, dated 10th Nov. 2020 has revised Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR3B, for the tax periods from January 2021, onwards are given in the following link.
PLEASE CLICK HERE to view the Tax Period
4. Important fling dates on GST portal (To view the Important Dates, PLEASE CLICK HERE)
This is for your kind information.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association,
Narendra Trivedi,
Secretary
