How to file Nil GST Return?

By | May 1st, 2019|Categories: GST Law, GST Return Filing|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Everyone with a GST Registration must file GST Return, whether there has been any turnover or not, during the month. In short, no Sale or Purchase has occurred, in a month, you, still, need to login to Government GST Portal and submit a NIL Return. So if you are thinking of why or how to file Nil GST Return Format, read [...]

GST Penalty, Offences, and Appeals The implementation of the Goods and Services Tax comes with rules and regulations. Non-compliance with the same could lead to the imposition of

By | January 23rd, 2019|Categories: GST Law|Tags: , , , , , , , , , , , |

Overview The implementation of the  GST tax regime has been a welcome change to the way taxes are levied on value addition for delivery of goods and services. In order to comply with the new taxation structure, a business has to register GST number also called GSTIN, file GST returns,  and maintain a high GST compliance rating. Non-Compliance [...]

GST Rules in India . Rules for GST released by CBEC A business neds to abide by the GST rules in order to maintain compliance with the new regimen/ taxation structure obn value addition in India.

By | January 19th, 2019|Categories: GST Law|Tags: , , , , , , |

GST: Introduction The Introduction of GST [Read for origins of GST] in India has brought comprehensive changes to the taxation system and how taxes are levied on value addition in the country. In order to pay taxes via GST, the taxpayer has to register GST, and file corresponding GST returns. Compliance with the new rules and regulations [...]

GST Refund Procedure: How to Claim GST refund? On the payment of GST, certain scenarios could arise where you are eligible for a refund of GST paid. Let's look at the procedure to claim this refund

By | January 7th, 2019|Categories: GST, GST Law|Tags: , , , , , , , , , , , , , , , , , , |

Introduction to GST Refund Predominantly, any taxpayer can become eligible for a refund on their GST payment if the tax paid is more than the GST liability . The process for GST refund is standardised and done online in order to avoid confusion .GST refund includes refund of tax on goods and/or services exported out of [...]

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

By | October 10th, 2018|Categories: GST Law, GST News|Tags: , , , , , , |

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 [...]

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

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

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 [...]

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

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

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 [...]

GSTR 1 Guide : Return formats, Filing process, Due dates

By | September 2nd, 2017|Categories: GST, GST Law, GST News, GST Return Filing, Videos|

What is GSTR 1? GSTR 1 prescribes the details to be provided by the taxpayer in relation to outward supplies made to the buyer for the relevant period. GSTR 1 needs to be filed by every taxpayer except Composition Scheme taxpayers, Non-Resident Foreign taxpayers, TDS deductors, E commerce Operators and Input Service Distributors as there are separate returns [...]

GST Transition Form TRAN 1

By | September 1st, 2017|Categories: GST, GST Law|

Form GST TRAN 1 Form GST TRAN 1 is filed by the registered taxable person who wants to claim transitional ITC (Input Tax Credit). Form GST TRAN 1 is categorized into 12 tables on the basis of various business circumstances where ITC is allowed. The tax payers are required to fill the relevant tables of Form GST [...]

Composite and Mixed Supply in GST

By | August 31st, 2017|Categories: GST, GST Law|

Introduction A person or a business which supplies either goods or services or both are liable to pay GST. In simple words, supply under GST includes the supply of all kinds of good and services such as barter, rental, transfer, sale, license, exchange, disposal made and lease. Here, the person gives consideration to further the business. [...]