Aadhaar Linking: 4 Deadlines That You Can't Afford To Miss

Aadhaar, the 12-digit unique identity number issued by the Unique Identification Authority of India (UIDAI), has to be mandatorily linked to your mobile phones, permanent account number or PAN, mobile phones and is also to be shared with financial institutions and has to be submitted to avail the various social security schemes. There are different deadlines for each of these.

1. Aadhaar PAN Link: Deadline December 31, 2017
The CBDT (Central Board of Direct Taxes) has extended the last date for linking of Aadhaar with PAN "to facilitate ease of compliance by the taxpayers". The new deadline is December 31, 2017, while the former one was August 31, 2017.
Linking Aadhaar-PAN is mandatory for processing of income tax returns (ITRs) for assessment year 2017-18.

2. Aadhaar Mobile Phone Link: Deadline is February, 2017
All mobile phone numbers not linked with Aadhaar will be deactivated after February 2018, according to a report by news agency Indo-Asian News Service (IANS) citing sources.
That means mobile phone service users will have to link their Aadhaar numbers with mobile numbers. Telecom companies had been earlier instructing users to start the process of linking Aadhaar with phone numbers.

3. Aadhaar financial institutions, banks link: December 31, 2017
The government has made it mandatory for all banks and financial institutions to mention the Aadhaar details of clients in the KYC (Know your Customer) document. A KYC document basically provides all the details that authenticate the identity of a user. People who have taken loans are also supposed to file their Aadhaar details. If you fail to link it with your bank account by December 31 this year, it may even become inoperable. 

4. Aadhaar Details For To avail Social Security Schemes: December 31, 2017
Your 12-digit Unique Identity Number has to be provided for all social security schemes by December 31, 2017.  In order to avail your pension, LPG cylinders or government scholarships, one must provide his Aadhaar card details.

Source:http://www.msn.com/en-in/money/topstories/aadhaar-linking-4-deadlines-that-you-cant-afford-to-miss/ar-AArSiq7?li=AAggbRN&ocid=iehp

GSTR return filing date extended to 10th September

The Government on Monday said the date of filing GSTR 1 has been extended to September 10 against the earlier deadline of tomorrow.

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Subsequently, filling of GSTR 2 and GSTR 3 has been extended to September 25 and 30 respectively.
The filing of GSTR 1 for August has been extended to October 5, GSTR 2 till October 10 and GSTR 3 till October 15.
By late afternoon, the GSTN portal had crashed under heavy load and users got an error message asking them to try again later. 
Form GSTR-1 is a statement in which a regular dealer needs to capture all the outward supplies made during the month. Broadly, all the outward supplies made to registered businesses (B2B) are required to be captured at invoice level, and supplies made to unregistered business or end consumers are required to be captured at rate-wise. This would often mean several thousand invoices would need to be uploaded by a mid sized firm and therein lies the challenge. 
GSTR-1 format contains 13 tables in which the outward supplies details needs to be captured. However, the companies ET.com spoke to there are additional details the site asks for and this is proving to be another time consuming area.
"With the extension in deadline for submitting GSTR-1 for the month of July by five days, taxpayers will have more time to upload their data and submit return. However, given the issues being faced by taxpayers, more extension may be required than just five days," says ClearTax,Founder & CEO, Archit Gupta.
Read more:http://economictimes.indiatimes.com/small-biz/policy-trends/government-extends-gstr-1-filing-date-to-september-10/articleshow/60365236.cms
Source:https://goo.gl/8BrmrW
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