All pending refunds under Income Tax,GST & custom to be released by department

With a view to provide immediate relief to the business entities and individuals under COVID-19 situation, it has been decided to issue following pending refunds:-

1. All the pending income-tax refunds up to Rs. 5 lakh, immediately. This would benefit around 14 lakh taxpayers.

2.  It has also been decided to issue all pending GST and Custom refunds which would provide benefit to around 1 lakh business entities, including MSME. Thus, the total refund granted will be approximately Rs. 18,000 crore.

(Source : Press release dated 8 April 2020)

GST portal : New matching functionality for comparing tax liability declared and ITC claimed.

GST Portal provide matching functionality. Any one access the same by Login into GST portal. It provided in Return dashboard under the headings "Comparison of liability declared and ITC claimed". 

This functionality provide four reports : 

1. Liability other than export/reverse charge

2. Liability due to reverse charge

3. Liability due to export and SEZ supplies

4. ITC credit claimed and DUE

1. Liability other than zero rated (export and SEZ Supplies) /reverse charge

Its shows the comparative month wise data  of liability declared in GSTR-3b (as per table 3.1(a)) and liability declared in GSTR-1 (as per table 4A,5,6C,7,9A,9B,9C,10,11).If there is any differences shows in this report ,then it must be immediately identify and rectify.Because data in GSTR-1 and GSTR-3b ,both were declared by the taxpayer itself and the same should be reconciled.

2. Liability due to receipt of reverse charges supplies

Its shows the comparative month wise data of liability declared in GSTR-3b (as per table 3.1(d)) and amount auto -populated in GSTR-2A (as per Part-A).

3. Liability due to export and SEZ supplies

Its shows the comparative month wise data of liability declared in GSTR-3b (as per table 3.1(b)) and liability declared in GSTR-1 (as per table 6A, 6B, 9A, 9B, 9C).

4.  ITC credit claimed and DUE

Its shows the comparative month wise data  of ITC claimed in GSTR-3b (as per table 4A(3)+4A(4)+4A(5)+4D(1)+4D(2)-4B(1)-4B(2)) and ITC auto-populated in GSTR-2A (as per Part-A, PART-B).

E-Way Bill Portal : Four new changes to be introduced

Upcoming four new changes are :

1. Based on PIN code, automatic calculation of route distance while generation of EWB.
2. Now there is only for one e-way bill for one invoice.
3. In case of consignment is in transit, extension of e-way bill is possible.

Now the transporter can extent the e-waybill when goods are in transit.Goods on road or in Warehouse are covered within the meaning of transit.

4.Interstate transactions are blocked for composition dealers.

For more details visit at

Forthcoming changes in E-way bill

Statutory Compliance Due Dates January 2019

Due Dates		Description	Who needs to do the compliance
7 January 2019	Income tax	Deposit TDS for the month of December 2018.	All non-government deductor responsible for TDS deduction.
11 January 2019	GST	GSTR-1 for the month of December 2018.	All taxable persons whose turnover exceed Rs. 1.5 crores or opted to file monthly return.
13 January 2019	GST	GSTR-6 for the month of December 2018.	All input service distributers.
15 January 2019	Income tax	TCS return in form 24 G for the month of December 2018.	All person responsible for collecting TCS.
		Quarterly statement of TCS for the quarter ended December 2018.	All person responsible for collecting TCS.
		Quarterly statement of Foreign remittances in form no. 15CC for quarter ending December 2018.	All responsible person. It is furnished by authorised dealers.
		Due date for furnishing of Form 15G/15H declarations received during the quarter ending December, 2018	Taxable person (where taxable income is nil) can submit these forms in bank or any other place to make sure TDS is not deducted on income (interest, insurance commission, income from corporate bond, post office receipts, rental income etc)
		Issue of TDS certificates for tax deducted under 194IA and 194IB for the month of November 2018.	All Deductors.
18 January 2019	GST	GSTR-4 for the quarter ended December, 2018.	A taxpayer opted Composition scheme.
20  January 2019	GST	GSTR -5 for the month of December, 2018.	All registered non-resident taxpayers.
		GSTR-5A for the month of December, 2018.	All registered non-resident OIDAR Service providers.
		GSTR-3B for the month of December, 2018.	All registered taxable person under GST.
30 January 2019	Income tax	Due date for furnishing challan-cum-statement for TDS made under 194IA and 194IB for the month of December 2018.	All Deductors.
		TCS certificate in respect of tax collected for the quarter ending December 31, 2018.	All person responsible for collecting TCS.
31 January 2019	Income Tax	Quarterly statement of TDS deposited for the quarter ending December 31, 2018.	All Deductors.
		Quarterly return of non-deduction at source by a banking company from interest on time deposit in respect of the quarter ending December 31, 2018	Banking Company
		Intimation under section 286(1) in Form No. 3CEAC.	A resident constituent entity of an international group whose parent is non-resident.
	GST	GSTR-1 for the period of October 2018 to December 2018.	All taxpayers (regular taxpayer) with turnover upto Rs 1.5 crores in previous FY or Current Financial year.
		GSTR 8 for the month of October, November and December, 2018.	All e-commerce operators responsible for collecting tax at source.
		GSTR 7 for the month of October , November and December, 2018.	All authorities responsible for deducting tax at source.