Key features of new GST quarterly returns
The new GST quarterly returns are meant for the small businesses in India. It is an initiative by the GST Council to ease compliance procedures for such businesses. In this article, let us understand the key features of the new GST quarterly returns. Who can…
45,915 total views, 14 views today
Key features of new GST monthly returns
In the 28th GST Council meeting, the GST Council approved the new GST monthly returns. These had also been placed in the public domain for feedback from businesses, CAs and industry bodies. A major change in the new GST returns is the simplified monthly return…
47,169 total views, 7 views today
Last Chance to claim Unclaimed ITC – GSTR-3B
The GSTR-3B of September, 2018 is little different compared to the GSTR-3B which you had filed all these days. The difference here is not about the format rather it is about compliance activities, effort and time involved in filing GSTR-3B of September, 2018. Yes, you…
52,608 total views, 11 views today
Form GSTR-9 – Annual Return in GST
It’s been more than 15 months since the introduction of GST and by now, most of the businesses registered under GST are quite familiar in filing GST returns i.e. GSTR-1 which needs to be filed either quarterly or monthly and GSTR-3B on a monthly basis….
33,319 total views, 14 views today
How to File GST Sahaj Return
Form GST Sahaj is a quarterly GST return to be filed by 20th of the subsequent quarter. The businesses whose turnover in the previous financial year is up to 5 Crores and engaged in making outward supplies only to B2C i.e. end consumers or unregistered…
31,806 total views, 11 views today
Simplified GST Returns – New GST Return Forms
In order to simplify the GST return filing process, the GST council meeting held on 21st July, 2018 has approved the new GST returns. Different new GST return forms have been introduced considering the diversity of businesses operating in the country. Are you GST ready…
39,223 total views, 11 views today
ITC on Goods in Transit
In a business world, it is quite natural to have a situation where the date of supply of goods by the supplier and the date of receipt of goods are in two different months. Let’s say, the supplier has billed and dispatched the goods on…
44,852 total views, 11 views today
New GST Input Tax Credit Rules
Input Tax Credit is the heart of GST compliance for all taxpayers. It is the provision of input tax credit that ensures that taxpayers only need to pay GST on the value added to the goods or services supplied. In the first phase of GST…
53,705 total views, 9 views today
New GST Return Filing Process – A Quick Guide
After the introduction of GST on 1st July, ’17, the GST Council has repeatedly taken measures to simplify the GST return filing process for taxpayers. As part of this exercise, the GST Council is working to bring in the second phase of GST, with greater…
56,041 total views, 20 views today
Freedom From Fear – Avoid GST Mismatches and Notices
Over the past few months, several businesses across the nation have been plagued with GST notices from the government. If reports are to be believed, there has been a nearly 34% of GST mismatch or underpayment of GST, amounting to an overwhelming deficit of INR…
60,973 total views, 10 views today
Highlights of New GST Returns
In the 27th GST Council meeting, the GST Council first announced the new GST return filing process. In the 28th GST Council meeting, the new GST returns and return filing process have been approved. Within a week, a draft of the new GST return forms…
74,946 total views, 14 views today
Why you need freedom from the clutter of spreadsheet?
In our blog yesterday, we took you through the many advantages of automation, and why it is probably the right time for you to attain freedom from manual business processes. It is good to note that numerous small businesses across the country are coming to…
54,626 total views, 9 views today
