The CBIC has recently issued Advisories 500 and 501 on 26th August 2021 dealing with furnishing of form GSTR-1/IFF and addressing the issues related to HSN while filing of GSTR-1 respectively.
PMT-04 is a GST form with which one can file ledger related grievances or complaints. If there’s any discrepancy in electronic liability ledger, electronic cash ledger or electronic credit ledger taxpayers can file FORM GST PMT-04.
The government released several relief measures in the 43rd GST Council Meeting and one of the major ones was the GST Amnesty Scheme. Read all about the relaxations here.
Impact of e-invoicing on Nil rated and exempted goods reporting in GSTR 1. Only regular tax invoices, debit - credit notes should be sent for IRN generation. Bill of Supply need not be sent. Read here
Inverted Tax Structure in the GST regime | Inverted Tax Structure is a condition where the rate of tax on inputs purchased is more than the rate of tax on outward supplies (finished goods).
Form GST REG-03 is a notice for seeking additional information in the form of clarification, documents relating to the application for registration, amendment or cancellation.
September GST Returns of a year is the last return period during which taxpayers can rectify any missing inputs or errors in the returns already filed during the previous. Read important checklist to consider!
If a taxpayer’s GST registration is cancelled or surrendered, then he/she needs to file a return in Form GSTR-10 to declare stock held by such taxpayer. . It is also known as the Final Return. Know more...
The Special Economic Zones are deemed as foreign territory for trading operations and taxation purposes, i.e. any goods or services supplied to the SEZ shall be treated as Zero-Rated supply and attract 0% GST.
Form GST RFD-10 is similar to Refund Application RFD-01 but it is made only by UIN or multilateral financial institutions. Read more about RFD-10 here
Form RFD-09 is also known as Reply to Show Cause Notice. This is the reply by applicant on form RFD-08 issued by the concerned government officer.
Form RFD-08 is also known as notice for rejection of the application for refund. This form provides information about the reason why form RFD-01 and RFD-01A is rejected.
