Restriction on GSTR 1 Filing from Sept 2021 |

📍In this session we will discuss about the new Advisory by the GSTIN on implementation of Rule 59(6) related to restriction on GSTR 1 filing from September 2021. Rule-59(6) of CGST Rules, 2017; inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in filing of GSTR-1 in certain cases
👉a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1, if he has not furnished the return in FORM GSTR-3B for preceding two months;
👉 a registered person, required to furnish return for every quarter under the proviso to sub-section (1) of section 39, shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using the invoice furnishing facility, if he has not furnished the return in FORM GSTR-3Bfor preceding tax period;
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#rule59 #rule59(6)

[@knowledgemata9667]

Thanks for update sir ❤️😊

[@FinTaxPro]

Always welcome

[@ztaxconsultancy7540]

Very good information Sir

[@adityaghosh3154]

Thank you sir 🙏

[@FinTaxPro]

Always welcome

[@vivekdhargalkar7155]

Will you pl upload video on how to record current year's Short Term capital loss and LT Capital Gain on shares and MFs in ITR2 ?

[@JPS0.1]

Sir kitna din me GST NO ban jatahe

[@FinTaxPro]

7 working days approx

[@JPS0.1]

Sir mujhe banbana he GST NO

[@asissahu6415]

Need help on refund of accumulated itc please make a video