E-way bill under GST
What is E-way bill under GST? E-way bill under GST is an electronically generated bill which will be required for the movement of goods if the value of such goods exceed INR 50,000. This bill has to be generated from the GSTN portal in FORM GST INS-01 and it is mandatory for the movement of goods. In case of multiple consignments, [...]
Form GSTR 3B: Return Formats, Filing Process, Due Dates
Introduction The 17th GST Council meeting held on 18th June 2017, provided a relief to the nation. The council decided to extend the deadline for invoice‐wise return filing in Form GSTR 1 and Form GSTR 2 for the first 2 months after listening to the problems faced by both the buyers and the suppliers. Therefore, for July and August, you [...]
Non-Resident Taxpayer under GST
Non-Resident Taxpayer (special cases under GST Registration) are those suppliers of goods or services or both, who have come for a short period to make supplies in India without having any business establishments here. They import products to make local supplies. Therefore, they will be allowed to avail Input Tax Credit only on IGST paid on imports. However, other taxpayers [...]
Debit-Credit note under GST
Introduction Debit Credit Note Rules as per Tax Invoice, were released for GST on 18th May 2017. The documents issued like GST Tax Invoice, Bill of Supply, Receipt Voucher, Payment Voucher, Refund Voucher, Delivery Challan, GST Revised Tax Invoice, Debit Credit Note & Tax Invoice in special cases should [...]
Tax Refund under GST
Introduction Tax refund includes refund of tax on goods and/or services exported out of India or on inputs or input services used in the goods and/or services which are exported outside India, or refund of tax on the supply of goods regarded as deemed exports, or refund [...]
Reverse Charge under GST
Reverse Charge means the liability to pay the tax by person receiving goods and/or services instead of the person supplying the goods and/or services in respect of specified categories of supplies. In India, the concept of reverse charge under GST is being introduced which is already present [...]
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