The Centre has given extra time to taxpayers in one more compliance measure as it prolonged the due date to file GSTR-9 and site (https://solschism.org/) GSTR 9C for 2018-19 by a month on Wednesday. The Centre has given more time to taxpayers in one more compliance measure as it extended the due date to file GSTR-9 and GSTR 9C for 2018-19 by a month on Wednesday.
There is no such thing as a late charge underneath IGST. The maximum possible effective shall be an amount calculated at a quarter % of the whole turnover of the taxpayer within the respective State or Union Territory. Failure to file annual return shall entice a late fee of INR 200 per day during the period of failure, subject to a maximum of 0.25% of the stated Financial Year’s turnover.
In case there may be any further liability which has been declared within the annual return, the same could be paid through Form GST DRC-03. The taxpayer paying the additional legal responsibility is required to pick ‘Annual return’ from the drop-down checklist supplied GST Annual Return: Rules, Due date & Processing Form GST DRC-03. Please observe extra legal responsibility has to be paid via money solely.
This will be helpful for tax officers checking the bill on the roadside the place Internet might not be available on a regular basis. The online person will get a printable form with all details including QR code. Number of line items. 25. What’s the aim of Signed QR Code? The IRP will generate a QR code containing the unique IRN (hash) together with some necessary parameters of invoice and digital signature in order that it can be verified by an Offline App.