ITC-04 & Job Work: Charging GST on Goods not Owned

ITC-04 and Job Work under GST | Job Work includes outsourced activities that may or may not culminate into manufacture | Read more about due-date, format and filing here!

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Paid GST on Your Purchase? Exercise Your #RighttoKnow

The implementation of GST, has probably been the biggest taxation reforms in independent India. Besides uniting the country under a single tax regime, the roll out of GST has also laid the path for the formalisation of the economy.

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E-Invoice Schema | FORM GST INV-01 | E-Invoice Portal -Complete Guide

E-invoicing model has been adopted by many countries globally with varying implementation models. The Indian adoption consists of following components.

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Cases where Input Tax Credit cannot be availed under GST

The Input Tax Credit mechanism allows a taxpayer to reduce his tax liabilities on his sales with the taxes paid on inward supplies.

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GSTR 4 (Annual Return) – Everything You Want To Know About It!

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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System computed values of GSTR 1 (Monthly filers) will be available in Form GSTR 3B as PDF Statement by GST Portal

GSTN makes System computed values of GSTR 1-Monthly filers available in Form GSTR 3B as PDF Statement

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IT Grievance Redressal Mechanism under GST

The taxpayers and the GST authorities have had multiple encounters with such technical glitches, which has led to erroneous or missed filings. Thus, in order to address such issues on the GST portal, an IT-Grievance Redressal Mechanism was introduced in April 2018.

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Issues in Export Refunds -Top Reasons Why Your Invoice data did not Transmit to ICEGate

With ICEGate, the user can make E-payments, Track Document status at Customs EDI, Register for IPR, Verify IE Code, etc. making it an essential tool for traders and exporters in India.

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Time Release Study – Understanding the International trade

With the global trade becoming a norm, there has been a dramatic change in the cross border trade in recent years.

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GST Refund Process with Single Authority Disbursement – CBIC Advisory

In order to help taxpayers understand the electronic refund processing, the following advisory was released by the CBIC.

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September 2019, Newsletter #21

Newsletter covers 37th GST Council Meeting – Key Highlights | E-invoicing | IRIS Sapphire: Navigation Upgrade | Provisional ITC

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