10 #GST deadlines/forms for FY20 that need to be complied with,by 31stAug 2020👇
1)#GSTR-4:It is an annual form to be filed by composition dealers
2) ITC 03:#ITC 03 is a form that is filed in special circumstances when input tax credit that has been availed,has to be reversed
3)#ITC-04 is related to job workers &submitted by the principal every quarter;Details to be furnished in ITC-04 are
i)Goods sent to job workers
ii)Goods received back from job workers or sent out from business place of job-work
4)#GSTR-5 is submitted by taxable #NRIs
#Economy
5)#GSTR-5:It is submitted by #OIDAR service providers
6)#GSTR-6:It is filed by input service distributors,within 13 days from end of month
7)#GSTR-7:It is filed by #TDS deductors&furnished within 10days after end of month in which tax has been deducted at source
#EconomyOnTrack
8)#GSTR-8:Its submitted by E commerce operators who collect tax at source under #Section52
9)#LetterofUndertaking:Its a document that exporters file to export goods/services without having to pay integrated taxes;Any registered person can furnish #LUT in form #GSTRFD11,to export
10)#GSTCMP-02:When dealers wants to opt for Composition Scheme under #GST,they have to intimate govt
This can be done by filing Form CMP-02;Existing ones are not required to apply again
Time limit to opt for #Composition scheme for FY21 in form CMP-02,extended to 31stAug 2020
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