GST Returns 2025: File GSTR-1, 3B, 2B | QRMP & ITC

  With the latest update of GST came on 02.01.2021, the taxpayers have to be now more precise and alert in filing their returns as there are many hard changes that has came into effect from 01.01.2021 Claim of ITC has been reduced from 120% to 105% of GSTR 2B. A proper officer can cancel GSTIN of  a taxpayer if the taxpayer has availed ITC more than 105% of GSTR 2B in any month. A proper officer can cancel GSTIN of a taxpayer if the Tax paid in GSTR 3B is less than the tax payable in GSTR 1 for any month, means if the outward supply of GSTR 1 is greater than GSTR 3B then cancellation of GSTIN can be initiated . If a proper officer has initiated the cancellation of GST and he has reasons to believe that the GSTIN has to be suspended of a taxpayer then the opportunity of being heard will no longer be available with the taxpayer. If there will be any difference in the comparison sheet means if there will be any difference in outward supplies of GSTR 3B & GSTR 1 and ITC ...

  Due dates for filling of GST returns for the period December is listed below: After the recent changes in GST the dates of return filing has a slightest difference based on the states where the business is situated. The due dates of return filing can be different for two different states which is shown below: Type of Return Period of Return Turnover of the Taxpayer/ Type of Taxpayer State where Principal place of Business is Situated Due date for Return Filing           GSTR 3B           DECEMBER 2020             LESS OR UPTO ₹ 5 CRORE   Chhattisgarh, Madhya Pradesh , Gujarat, Maharashtra , Karnataka, Goa, Kerala, Tamil Nadu, Telangana and Andhra Pradesh, the Union territories of Daman and Diu, Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and La...