GST Penalties and Appeals

By |2021-12-14T12:35:56+00:00January 20th, 2022|Categories: GST|Tags: , , , , , , |

The GST law determines the kinds of infringement that can be submitted and the punishments that will be forced for each situation. This is basic data for all entrepreneurs, bookkeepers, and duty experts, as an inadvertent blunder may bring about genuine results. Late Updates on the Union Budget for 2021 Senior individuals matured 75 and up [...]

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GST Practitioner – Enrollment Procedure

By |2021-12-09T07:47:49+00:00December 23rd, 2021|Categories: GST|Tags: , , , , , |

The Goods and Services Tax (GST) is designed to restructure India's entire indirect tax system and make conducting business in the country easier. Over one crore registered firms will be registered as taxable persons under GST and will be needed to comply with different GST compliance criteria with the implementation of GST. The government has introduced [...]

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DRC-03: Applicability and Procedure to pay Additional Tax

By |2021-12-08T10:36:04+00:00December 17th, 2021|Categories: GST|Tags: , , , |

DRC-03 is a form required by the GST law to be filed for voluntary tax payments made in response to a demand or tax deficiency discovered after the deadline for filing returns for a financial year has passed. This form is covered under CGST Rule 142(2) and (3). The article goes overall you need to know [...]

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Reverse Charge: Buying from Unregistered Dealers | Section 9(4) of CGST Act

By |2021-12-08T07:12:48+00:00December 15th, 2021|Categories: GST|Tags: , , , , , |

Indian GST is a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services. The Indian government has implemented the Indian Goods & Services Tax (GST) from 1st July 2017 with the objective to streamline India’s indirect taxation system. Indian Government has imposed Reverse Charge under Indian GST for certain goods or services [...]

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Anti-Profiteering Rules: Complete Guide

By |2021-12-07T11:56:22+00:00December 11th, 2021|Categories: GST|Tags: , , , |

As an anti-profiteering measure, it is required to pass on the benefit of a lower tax rate or an input tax credit to the customer. On June 18, 2016, the GST Council announced the anti-profiteering guidelines. Anti-profiteering rules are required, as evidenced by experiences learned from other nations, which reveal that inflation and price increases occurred following [...]

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CGST Rules: Chapter 5 – Input Tax Credit

By |2021-12-01T10:56:48+00:00December 5th, 2021|Categories: GST|Tags: , , , , , , |

The most recent update of Input Tax Credit 28th May 2021: STR-6 is to be filed on the last day of April 2021 through GCS for April 2021, May 2021, and June 2021. GTS OPC should be utilized to comply with the CSTG's Rule 36(4) Input Tax Credit, which permits applications to be submitted together in [...]

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