Tag: GSTR-1

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…

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Get ready for GST with Tally.ERP 9 Release 6

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The Best Way to File GSTR1 Returns

Introduction The GST filing period has begun! “How do I and my tax consultant file GST returns for my business?” – is the one question that is likely to linger on top in your head, among others. This blog suggests the best method for filing…

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Get ready for GST with Tally.ERP 9 Release 6

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Recommendations Made by the GST Council

The 21st GST Council meeting held at Hyderabad on 9th September 2017, discussed some of the crucial issues such as difficulties faced by the businesses in filing the return, increase on Cess on cars, proposals received from various trade associations to lower the rate of GST…

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Get ready for GST with Tally.ERP 9 Release 6

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Match GSTR-3B with GSTR-1, GSTR-2 and GSTR-3

With the completion of the filing of GSTR-3B returns last month, businesses are now preparing in full swing to file their GSTR-1 returns. The recent decision by the GST Implementation Committee to extend the due dates for filing GSTR-1, GSTR-2 and GSTR-3 for the month…

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Get ready for GST with Tally.ERP 9 Release 6

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Step-by-Step New GST Registration Guide : Part 3

Introduction The process for New Registration under GST in the GST portal comprises of Part A and Part B. We have familiarized you with Part A of the process. In our previous blog, we took you through the first 3 pages of Part B of…

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Get ready for GST with Tally.ERP 9 Release 6

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Step-by-Step New GST Registration Guide : Part 2

Introduction In our previous blog, we took you through the first part of the step-by-step new GST Registration guide as per the GST portal – primarily completing Part A of the form, after which you obtained your Temporary Registration Number (TRN). As mentioned earlier, the…

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Get ready for GST with Tally.ERP 9 Release 6

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How to Correct GSTR-3B?

This blog post is updated with the GST Council’s decision to extend the return due dates The deadline for filing the first GST return, the Form GSTR-3B ended last month on dates August, 25 and August, 28, 2017. Yet, there are many businesses which are…

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Get ready for GST with Tally.ERP 9 Release 6

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GST on Supply of Second-Hand Goods- Margin Scheme

Second-hand goods dealers deal in purchase and sale of used goods. These goods might be sold as they are or after minor refurbishing. In this blog, let us understand the impact of GST on the inward and outward supply of used goods by these dealers….

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Get ready for GST with Tally.ERP 9 Release 6

16,242 total views, 10 views today

Registration for GTA & Persons Taking GTA Services

In our previous blog, we have learnt about who is liable to pay tax on transportation service taken from a GTA and the eligibility of input credit on the tax paid. In this blog, we will understand whether a GTA and the recipient of transport…

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Get ready for GST with Tally.ERP 9 Release 6

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Tax liability and ITC on GTA Service under GST

This article has been updated as per the GST Council’s decision to exempt transportation service provided by GTA to non-specified persons. In our previous blog, we have understood who a GTA is and the GST tax rates applicable to the service of transportation of goods…

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Get ready for GST with Tally.ERP 9 Release 6

18,033 total views, 7 views today