30th GST Council Meeting : Formation of GoM and State’s Revenue Discussion The 30th GST council meeting was held on 28th of September 2018, Friday via video conferencing. Main discussion were on formation of Group of Ministers and GST revenue situation in all the states

30th GST Council meeting came out with some positive and good steps to ease compliance of GST and also wrinkle out the hindrances in the implementation of GST. The 29th GST Council meeting focused on Digital Payments and Empowering MSME sector. In the 30th Meeting of the GST council, the council came out with two objectives achieved: Formation of the [...]

Advantages and Disadvantages of Composition Scheme under GST Composition scheme under GST is a conveinient structure of taxation for small scale business taxpayers. It helps them to escape the complex and comprehensive compliances under GST

GST and its provisions On 1 st July 2017 the GST taxation system was introduced in India and it has revolutionized the taxation system in India. The VAT regime had many problems and GST seems to have eradicated those problems like the cascading effect of taxes. However, one issue still remains with the GST system, the issue of high-maintenance compliance. In [...]

By | September 27th, 2018|Categories: GST|Tags: , , , , |0 Comments

GSTR 10 : Rules, Eligbility, Due Date, Format GSTR 10 is basically a return to be filed by registered regular taxpayers who have either opted out of GST registration or their GST registration has been cancelled

What is GSTR 10? GSTR 10 is a return to be filed by taxpayers whose GST Registration has either been surrendered by the taxpayer or has been canceled by authorities. The return is also called as Final Return, which is different from Annual Return. Annual return is the return to be filed every year in accordance with the quarterly returns [...]

By | September 22nd, 2018|Categories: GST, GST Law, GST Return Filing|Tags: , , , , , |0 Comments

GSTR 9A Due Date, Eligibility, Format CBIC(Central Board of Indirect Taxation and Customs) released Notification 39/2018 on 4th September, 2018 detailing the formats of GST Annual returns for Taxpayers under composition levy scheme with GSTR 9A

What is GSTR 9A? GSTR 9A is basically an Annual Return under GST for taxpayers who have chosen the Composition Levy scheme of taxation. It differs from GSTR 9 because GSTR 9 is for regular taxpayers who file GSTR 1, GSTR2, and GSTR 3. GSTR-9A consists of all the details given in the quarterly returns given by composition taxpayers during [...]

By | September 21st, 2018|Categories: GST, GST Law, GST Return Filing|0 Comments

GSTR 9 Guide : Rules, Eligibility , Due Dates , Filing Formats Taxpayers registered under GST as well as those registered under composition levy scheme have to file Annual Returns in compliance with GSTR 9 format

Index What is GSTR-9? Eligibility for Filing GSTR-9 Types of returns under GSTR-9 GSTR-9 due date What if I file GSTR-9 late? List of particulars required for filing GSTR-9 What is GSTR-9?  GSTR 9 is basically an Annual Return on GST. Taxpayers registered under GST as well as composition levy scheme have to file this return once a year. GSTR [...]

By | September 20th, 2018|Categories: GST|0 Comments

GSTR 9C : Reconciliation of Input Tax Credit and Certification

Introduction It's been more than a year since GST was implemented in India. The government is still working out the kinks and fine-tuning the details of the new taxation regime. Many radical changes have been introduced to ease the migration to GST with GST registration procedure and simplification of GST Returns. Read more about GST returns and their types. Some [...]

By | September 19th, 2018|Categories: GST, GST News|0 Comments