April 2019, CBIC introduces form CMP 08 for the composite dealers in India. Form CMP 08 (Replacing form GSTR 4) is a quarterly return form and will be applicable from
As registered taxpayers, entities need to file various returns based on their nature of business and the type of registration obtained. Returns filing under GST is often perceived as a complicated activity
What is form GSTR 3A? Under GST, a registered taxpayer, with a turnover exceeding the threshold limit, is required to file his/her GST returns on a monthly/quarterly basis along with
In order to simplify the taxation process and the cash flow, the GST returns have been segregated as per taxpayers’ registration and business types. These return forms are as follows:
What is composition scheme? Composition Scheme is a simple and easy scheme under GST for small taxpayers. Under GST small taxpayers can choose to free themselves from the hassles GST
GSTR 1 – Introduction GSTR-1 is a monthly or quarterly return (based on taxpayer’s annual turnover) that should be filed by every registered dealer. In this form, the registered taxpayers
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
29 March 2019 Update: 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
GSTR 7 and TDS Explained in 6 ‘Should Ask Questions’ When it comes to Indirect Taxation, one item that forms an important part of the team’s job is filing TDS
‘Input Distributor Officer’ is one of the most crucial concepts in the Indian economy, especially for the big players in the market. With ISD, the common expenditure shared between sub-branches
When a business is born, the mind behind the venture begins to dream of a future where the business has grown in every corner of the nation. However, as the
Just like Job Work, ecommerce transactions also involve a different buy-sell arrangement, hence need special attention in GST Law. As per the section 52 of CGST Act 2017, a person
