GST - October 2020 Updates
GST - October 2020 Updates Rule – 59 Invoice furnishing facility for quarterly return filers– less than 50 lakhs TO in each month - first and second month in IFF and third month in GSTR -1 Rule – 60 Inward supplied to be looked at from GSTR 2A on monthly basis – On quarterly basis GSTR 2B will be available for confirmation Rule – 61 GSTR 3B filing dates – 22 nd for some states and 24 th for other states GSTR 3B for ISD – 20 th Rule 61-A Quarterly return filing needs to indicate their preference – else not eligible for quarterly return Rule 39(1) GSTR 1 monthly return due date – 11 th of next month and quarterly return filers – 13 th Rule 61A(1) Up to 5 crores aggregate turnover – can opt for quarterly return from jan 21 – but should have filed all previous returns before such option – change the same between 5 th dec 20 to 31 st jan 21 Sec 39(7) Quarterly return filers needs to pay 35% of tax paid in the last quarter E- Invoice for 100 crores tur