Bihar Government extends due date for furnishing Form GSTR-1 for each of the months till March, 2021
Due date for furnishing FORM GSTR-1 of the Bihar Goods and Services Tax Rules, 2017, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from October, 2020 to March, 2021 is extended till the eleventh day of the month succeeding such month.
The Bihar Goods and Services Tax (Twelfth Amendment) Rules, 2020
The amendment provides that in case of a registered person who is required to furnish a Nil return, any reference to electronic furnishing shall include furnishing of the said return or the details of outward supplies or statement through a short messaging service.
NSE formulates Penalty structure for Non closure of Client Collateral / Client Margin Trading Securities demat accounts.
For Non-closure of existing Client Margin/ Collateral account and Client Margin Trading Securities account shall attract a penalty of Rs. 50,000/- per account (where Members are unable to provide reasonable explanation). Member to be disabled in all Exchanges in case account is not closed within one month of levy of penalty.
Government of Bihar notifies the due date for filing of Form GSTR-1.
The Time period for furnishing details in form GSTR-1 for the quarter from October 2020 to December 2020 shall be 13th January 2021 and for the time period, January 2021 to March 2021 shall be 13th April 2021.
FSSAI directs food businesses to mandatorily submit annual returns through the new online portal.
The food businesses involved in the manufacturing of milk and milk products, the half-yearly return shall be discontinued. They shall be required to file the annual return for manufacturers as per the revised format online.
