7 GST updates for the month of January

The new returns shall introduce new and simplified forms GST Ret 1, Ret 2 and Ret 3 along with annexure form GST Anx 1 and Anx 2.

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38th GST Council Meeting – Highlights

The 38th GST Council meeting was held on December 18, 2019, under the chairmanship of Union Finance Minister of India, Smt. Nirmala Sitharaman. Here are the preliminary highlights of the 38th GST Council Meeting:

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Necessary actions to be taken for GSTR 9 and GSTR 9C – CBIC Press Release

Although the due date to file the annual return forms has been extended to August 31, 2019, the confusion among the taxpayers is yet to be settled. In order to

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Credit Availed and IGST paid in GSTR 9 – Table 8 Explained

Table 8 of the annual return form GSTR 9 contains two sections. The first section relates to the comparison of credit availed on forward charge by the taxpayer with the

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Issues Faced while Filing GSTR9 and GSTR9C

Amidst the chaos and hustle to file their first ever GST annual returns, taxpayers have been facing certain issues while filling form GSTR 9 and GSTR 9C. The CBIC has

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Clarifications Regarding Filing of GST Annual Return (FORM GSTR-9) – Released on 4th June 2019

The Annual Return in the form GSTR-9 for FY 2017-18 is to be filed by 30th June 2019. However, there have been many inconsistencies in the form requiring suitable amendment

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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. These return forms are as follows:

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Nil GSTR9 Return Filing: Do You Need to Do That?

As you may know, GSTR 9 is an annual return form that a regular taxpayer is required to file for his/her annual turnover. The form requires invoice details for inward

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GSTR 9 Vs GSTR 9C, which One should You Prepare this Year?

Since the day annual return filing has been announced in GST lobby, the taxpayers are perplexed on the applicability of the form type to them. Should they be filing GSTR

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