GST Refund Process Related Issues Clarified By CBIC

Here’s everything you want to know about the GST Refund Process related issues and its clarifications given by the CBIC (The Central Board of Indirect Taxes and Customs). Read on…

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How to Amend your GST Return: GSTR1 & GSTR 3B

Here’s how you can amend your GST Return – GSTR 1 and GSTR 3B easily. Know how to resolve mistakes in GSTR 1 and how to reset GSTR 3B. This article features invoice and summary level amendments.

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Advisory on Opting-in for Composition Scheme by GSTN – 2020-21

Considering the present scenario in the country with COVID-19 outbreak, GSTN (Goods and Service Tax Network) has recently issued an updated advisory for taxpayers opting for Composition Scheme for the Financial for Year 2020-21.

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Composition Form CMP 08 – All you need to know!

A quarterly statement cum challan, form CMP 08 shall be used to declare the self-assessed details of the tax payable by a composite dealer in the given quarter.

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Do You have Missing Invoices in Your GSTR 1?

The monthly return (in some cases quarterly) containing the details of outward supplies made during the period.

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GSTR 3A – Notice on Non-Filing of GST Returns and Paying GST as EMI

Form GSTR 3A is not a return form but a notice form for taxpayers who have failed to file their GST returns.

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GST Return Forms  Various Types and Who Need to File

In order to simplify the taxation process and the cash flow, the GST returns have been segregated as per taxpayers’ registration and business types. Different types of return forms under GST are as follows..

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GSTR 4 and Composition Scheme under GST

Composition Scheme is a simple and easy scheme under GST for small taxpayers. The composition scheme is available only for taxpayers whose turnover is less than Rs. 1.5crores.

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Form GSTR 1 – Everything you need to know about it

GSTR-1 is a monthly or quarterly return (based on taxpayer’s annual turnover) that should be filed by every registered dealer. The due date for GSTR-1 is based on the taxpayer’s annual turnover.

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The Curious Case of GSTR 2X

GSTR 2X return need to be filed by taxpayer who wants to claim for TDS and TCS credit received. Here taxpayer will get auto-population of data from his counterparty who files GSTR 7 and GSTR 8.

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Job Work and ITC 04 : Charging GST on Goods not Owned

GSTN brings relief to companies engaged in Job Work. The due date for filing ITC-04 for period from July 2017 to March 2019 hs been extended till the 30th June 2019.

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GSTR 7 and TDS Explained in 10 ‘Should Ask Questions’

Conceptually, TDS under GST is similar to TDS under income tax. In the GST regime, the deductor is supposed to declare the TDS deposits through a form – GSTR 7.

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