Tag: GST Returns

Filing GSTR-1 Quarterly Returns

In order to make compliance easier for the small and medium businesses, it was decided to introduce the quarterly GST returns, in the 22nd GST Council meeting held on 10th November, 2017. The businesses with aggregate turnover of up to 1.5 crores are allowed to…

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Get ready for GST with Tally.ERP 9 Release 6

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All About Monthly Filing of GSTR 1 Form

As per the decisions taken in the 23rd GST Council meeting, taxpayers with an annual aggregate turnover up to INR 1.5 Crore can now avail themselves of the option of filing quarterly GSTR 1 returns, whereas those taxpayers with an annual aggregate turnover of more…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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5 Steps to Make GST Returns Filing Easier

Introduction The GST regime is very different from the previous indirect tax regime, in more ways than one. However the biggest difference is in the nature of compliance, which has undergone a major change. In the previous regime, it was not mandatory for a buyer…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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GST Return Filing Guide for Tax Consultants

This guide is written for GST Tax Consultants (GST Tax Practitioners). If you are a business owner, you might still find it interesting to read further and forward this to your tax consultant. Topics Covered Introduction Details Required at invoice level Types of clients What are…

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Get ready for GST with Tally.ERP 9 Release 6

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How to File Form GSTR-3B

This blog post is updated with the GST Council’s decision to extend the return due dates The 17th GST Council meeting held on 18th June, 2017, provided a much needed relief to the businesses across the nation. Listening to the concerns raised by the various…

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Get ready for GST with Tally.ERP 9 Release 6

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Impact of GST on Traders

On October 14th, 2016 the Confederation of All India Traders (CAIT) signed an MOU with Tally Solutions in order to train their member businesses – roughly 6 lakh traders all over the country, on the subject of GST. While the focus is largely to enable…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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Assessment of Tax Liability in GST

Assessment of tax means determination of the tax liability of a person. The tax liability of a person is the amount of tax to be paid by a person during a tax period. The types of assessment of tax under GST remain similar to those…

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Get ready for GST with Tally.ERP 9 Release 6

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Consequences of Non-compliance under GST

Various measures have been laid down to check non-compliance under GST. These vary based on the severity of the offence. Penalties have been made stricter for tax evaders under GST, when compared to the current regime. In the current regime, tax authorities can arrest a…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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How to Claim Tax Refund under GST

A Tax Refund refers to any amount that is due or returnable to the tax payer from the tax department. There are specific scenarios in which refund is allowed and dealers can claim tax refund only in these scenarios, such as excess payment of taxes,…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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How to File Your GST Returns

Every registered taxable person has to furnish outward supply details in Form GSTR-1 (GST Returns-1) by the 10th of the subsequent month. On the 11th, the visibility of inward supplies is made available to the recipient in the auto-populated GSTR-2A. The period from 11th to 15th…

Are you GST ready yet?

Get ready for GST with Tally.ERP 9 Release 6

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