GST Info Tamil

  NIC to launch E-Way Bill 2 Portal on 1st June 2024  The GSTN has issued an advisory that NIC is releasing the E-Way Bill 2 Portal i.e. https://ewaybill2.gst.gov.in on 1st June 2024. This portal will ensure high availability and will run in parallel to the e-way Bill main portal i.e. https://ewaybillgst.gov.in . The e-way bill 2 portal will synchronise the e-way bill details with main portal.   The highlights of the portal are as follows:   •E-Way Bill 2 Portal will provide the critical services of E-Way Bill system, and gradually it will be extended with other services of e-way bill system   •The taxpayers and logistic operators can use the E-Way Bill 2 portal with the login credentials of the main portal   •The taxpayers and logistic operators can use the E-Way Bill 2 portal during technical glitches in e-way bill main portal...

 W hat is GSTR-4? GSTR-4 is the annual GST Return that has to be filed by a composition dealer. Unlike a regular taxpayer who is required to furnish 2 monthly returns and an annual return (with certain exemptions), a dealer opting for the composition scheme is required to furnish one return every quarter in  Form CMP-08 and Form GSTR 4 once a year by the 30th day of April, following the financial year . Late fees under GST as per latest notification Note that the maximum late fees have been rationalised from the month of June 2021 and quarter ending June 2021. As per the 43rd GST Council meeting’s outcome, maximum late fee is reduced to the following amounts based on type of return and turnover slab, notified via the CGST notifications 19/2021, 20/2021,21/2021 dated 1st June 2021 for GSTR-3B and GSTR-1. Name of the return  Type of return Annual turnover in previous year Maximum late fee under CGST Maximum late fee under SGST Maximum late fee ...