CMP-08 GST Return due date for Quarter 1 FY 2022-23 deadline extended

E-Startup India

A major relief for taxpayers as an important GST Return Filing deadline has been extended. The latest news is that CMP-08 GST Return Due date for quarter 1 Financial Year 2022-23 deadline has been extended. This article will guide you about the latest news as CMP-08 GST Return due date has been extended.

What is CMP-08 GST Return Filing?

CMP-08 GST Return filing is mandatory for all composition taxpayers. A composition dealer will use the Form CMP-08, which is a special statement-cum-challan to declare the details or summary of his/her self-assessed tax payable for a given quarter. It also serves as a challan that allows tax payments.

Understand about it in detail: CMP-08 Return Filing for Composite Taxpayers for FY21

Who is required to file the form GST CMP-08?

A person who has been registered as an GST Composition scheme using Form GST CMP 02 or has chosen to be a composition person who is tax liable via GST REG-01 must fill out form GST CMP-08.

CBIC announces CMP-08 GST Return due date Extension for FY 2022-23

Recently the 47th GST Council meeting was scheduled in Chandigarh on June 28, and 29th 2022. The meeting was chaired by the Finance Minister of India, & Corporate Affairs Minister Smt. Nirmala Sitharaman.

The meeting announced a recommendation to extend the deadline of the GST form CMP-08 for the first quarter of the Financial Year 2022-23 from July 18, 2022 until July 31st 2022.

Thus, the CBIC recently released a notification later announcing that CMP-08 GST Return due date for Quarter 1 FY 2022-23 deadline extended is up to 31st July 2022.

The notification mentions, “In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 21/2019-Central Tax, dated the 23rd April, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 322(E), dated the 23rd April, 2019, namely:– In the said notification, in the second paragraph, after the fourth proviso, the following proviso shall be inserted, namely: – ―Provided also that the said persons shall furnish a statement, containing the details of payment of self assessed tax in FORM GST CMP-08 of the Central Goods and Services Tax Rules, 2017 for the quarter ending 30th June, 2022 till the 31st day of July, 2022.”

Conclusion

In conclusion, this is a great opportunity for taxpayers to file their GST Return. Taxpayers should not miss the due date otherwise they would be liable to pay hefty penalties.

E-Startup India

Form 2290 Due Date | IRS Form 2290 Online

form2290filing 2021-08-06

IRS Form 2290 Due Date or 2290 Deadline for annual filing is August 31.

File your Heavy Vehicle Use Tax (HVUT) for highway vehicles used on the public roads during the period.

Form CMP-08

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Form CMP-08 is a quarterly return form to be filed by every taxpayer who has opted-in for the Composition Scheme under GST , applicable from FY 2019-2020 onwards.In April 2019, CBIC had introduced this form CMP-08 for the composite dealers in India replacing form GSTR 4-Quarterly vide GST Notification No.

20/2019 dated 23rd April 2019

GST Return | GST Return Filing | GST Return Status Online - Return Frequency, Types, and Process

Shruti Chugh 2022-06-30

Want to file the GST return? Check your GST return filing status online. Hence, for expert and professional services, contact us immediately. After providing all the required information, click on “Generate GSTR-1 Summary. Lastly, refresh the page to see the changed status of the form to submit and click on “File Return.

Apply for GST return

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Earlier there was more burden on consumers due to a tax known as VAT. But now VAT has been replaced by GST (goods and service tax ). every user having an income of more than 40 lakhs, has to compulsory register for GST. For more detail, u can also read https://dallyfilingjaipur. com/accountingperks/post/definitions-understanding-and-latest-news-about-tax-advisor

Get the online GST Return Services From Indian Salahkar

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On successful GST enlistment on the web, you will be designated an interesting GST registration number which is known as "Goods & Service Tax Identification Number" (GSTIN). The GST registration number (GSTIN) isn't just significant for GST invoicing and return documenting yet additionally essential for opening a financial balance. Finishing up GST Return Services is a critical errand that fills in as a connection between the public authority and the citizen. It is the citizen's liability to record the GST Return once the GST Enlistment has been finished. Thousands of Indian businesses are setting aside time and cash by re-appropriating GST Return Services to Indian Salahkar team.

A comprehensive guide to master the online process of GST Return Filings

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Harnessing the power of technology to understand how to file GST return online not only optimizes time and resources but also elevates precision and transparency in tax-related transactions. This comprehensive guide aims to provide you with an intricate, step-by-step walkthrough of the online GST return filing process. Step-by-Step Guide to Filing GST Returns OnlineStep 1: Registration and LoginInitiate the process by registering on the official GST portal (www. ConclusionUnderstanding how to file GST return online remains a significant query for some individuals, particularly those from the Gen X generation. By adhering to the comprehensive step-by-step guide outlined in this article, businesses can confidently navigate the complexities of filing GST returns online.

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What's Are New Dates IRS Tax Filing 2020

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Learn all about new dates for IRS tax filling 2020, due to Covid-19 United States government gives a big relief of USA tax payer and now they can e-file federal tax till 15 July 2020 , Know the advantages of Tax Filing Deadline 2020 Extension and how users can easily file any types of federal, income, sales, corporate tax in new dates.

Now register your company easily with us

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Company registration in India begins with the selection of a conducive business structure for the business.

Also, the most important question is how to do online company registration in India?Before starting the main topic let us suggest that if you are in the Yamuna Nagar area and want to register your company then visit the office of company registration in Yamuna Nagar for registration now!Different types of company registration in Indiaprivate Limited companyone person companylimited liability partnershipChoosing the right business structure for company registration in India:When you are going for company registration in Yamuna Nagar or any other place in India it is important to choose your business structure carefully while registering your company.. For example, One Person Company and Private Limited Company have to file annual returns along with income tax returns with the Registrar of Companies.

Hence, it is important to choose the right business structure while thinking of company registration in India.Important things to keep in mind while choosing the right business structure before registering a company in India:Risk: All organizations convey some level of hazard, risk and entrepreneurs will need to pick a design that shields their own resources from business liabilities.Taxation: Another important aspect to consider is taxation.

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For example, an investor may be hesitant to lend money to a sole proprietorship firm.

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GST Return - GST Return Filing Overview

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Who is required to fill out a GST Return? Under the GST rules under the GST regime, all registered dealers are required to submit returns, regardless of company, turnover, or profits during the reporting time. Importance of GST ReturnLate tax is imposed on the taxpayer when the tax return is not submitted before the due date. If a taxpayer is yet to file his GST tax return yet, the taxpayer is not able to submit the return afterward. The GST filing process itself is completed online using the GST file services close to the area created by the authorities.

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Versatile Accounting Calgary File And Pay On Time

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The penalty is 5% of your balance owing on the due date of your return, plus 1% of your balance owing for each full month your return is late, to a maximum of 12 months.

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GST return forms- Different types of GST returns in India

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The goods and services tax (GST), a value-added tax, is levied on the majority of goods and services that are offered for domestic use. What does a GST return? Various entities must file the tax return forms known as GST returns to the Indian Income Tax authorities. A GST Return Form must include details about all purchases, sales, output GST (on sales), and input tax credit (GST paid on purchases) in order to calculate the assessee’s GST owed for a particular tax period. After-the-deadline GST return filing penaltiesThe rules for the GST late filing penalty are as follows:A person is late with information on supplies coming in or going out, with a monthly return, or with a final return.

Responsive Design is not enough for lead generation

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Goods and Services tax Return Filling in Ludhiana

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What is GST?GST is a break-through in the taxation system as India progresses towards a highly structured system.

Instead of falling prey to the multiple taxation systems, GST has brought in a new era which ensures that taxation system becomes logical, easy to understand and well structured.The Goods and Service Tax (GST) has been a biggest game changing reform in India's Indirect Tax Structure which has rightly attracted the heightened interest from all the stakeholders.

From July 1, 2017 onwards, GST will replace India's current complex Central and State indirect tax structure to create a common market with a seamless indirect tax regime.Goods and Service Tax is one indirect tax for the whole nation on the supply of goods and services, right from the manufacturer to the consumer.

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GST Filing Services

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GST Applicable on sale of OLD Vehicles

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The sale of used and old vehicles was taxed at the same rate as applicable on new vehicles which was 28% + Applicable cess which was up to 15%, and due to this effective tax on the sale of old vehicles was up to 43%. Big Relief on Sale of Old and Used Vehicles:Government by issuing the Notification No. 8/2018 Central Tax Rate read with state Tax Notification, reduced the Rate of GST on the old and used vehicles as follows:1. Note: Government also Exempted the Cess applicable on the sale of used vehicles through Notification No. Concessional rates are not available if input tax credit under GST or Cenvat Credit under Cenvat Credit Rules or ITC under State Vat was availed.