Gst Return Related Articles

Oct - 2024

23

GST Registration Cancellation: Key Provisions and Clarifications under the CGST Act

GST Registration Cancellation: Key Provisions and Clarifications under the CGST Act

GST Registration Cancellation: Key Provisions and Clarifications under the CGST Act GST registration cancellation refers to the termination of a taxpayer's GST registration and relieves the person or entity to comply with GST regulations. This can happen for various reasons, such as non-filing GST ...

Jun - 2024

19

How to Reply GST Notice Online?

How to Reply GST Notice Online?

How to Reply GST Notice Online? A GST notice is an official communication from tax authorities regarding potential issues with your GST filing. Ensure a prompt and proper response to this notice helps you to avoid penalties. To reply GST notice online, log in to the GST portal, navigate to the "Ser ...

Jun - 2024

14

Form CMP 08 for GST Composition Scheme

Form CMP 08 for GST Composition Scheme

Form CMP 08 for GST Composition Scheme Form CMP 08 is a vital quarterly return form introduced for taxpayers who have opted into the GST Composition Scheme. Effective from the fiscal year 2019-2020 onwards, this form is designed to simplify the tax filing process for small businesses by allowing th ...

Apr - 2024

18

Best GST Software for GST Return Filing: LEDGERS

Best GST Software for GST Return Filing: LEDGERS

Best GST Software for GST Return Filing: LEDGERS In the dynamic landscape of financial compliance, businesses across India face myriad challenges in managing their Goods and Services Tax (GST) processes. Efficient and precise GST return filings are crucial for maintaining compliance and avoiding pe ...

Apr - 2024

08

Year-End GST Reconciliations

Year-End GST Reconciliations

Year-End GST Reconciliations As the financial year (FY 2023-24) has ended, businesses subject to GST must ensure the accuracy of GST return filings. This process helps avoid discrepancies that could lead to penalties and legal complications. Year-end GST reconciliations can identify discrepancies t ...

Mar - 2024

22

GST Compliance: Year-End Checklists

GST Compliance: Year-End Checklists

GST Compliance: Year-End Checklists With the end of the fiscal year approaching and the onset of a new one, it's imperative for companies to engage in several activities related to the Goods and Services Tax (GST) to remain compliant and enhance efficiency. These activities, including registering, ...

Dec - 2023

22

GST Quarterly Return Filing Option for Small Businessman

GST Quarterly Return Filing Option for Small Businessman

GST Quarterly Return Filing Option for Small Businessman The CBIC (Central Board of Indirect Taxes and Customs) introduced the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under GST to assist small taxpayers with a turnover of less than Rs. 5 crores. This scheme provides the v ...

Oct - 2023

09

Types of GST Returns

Types of GST Returns

Types of GST Returns The Goods and Services Tax (GST) regime has been a significant overhaul of India's indirect tax system. It has simplified taxation and made compliance more accessible for businesses across the country. One of the crucial aspects of GST compliance is GST return filing. There are ...

Oct - 2023

07

GSTIN: A Comprehensive Guide

GSTIN: A Comprehensive Guide

GSTIN: A Comprehensive Guide The Goods and Services Tax Identification Number (GSTIN) is a unique identification number assigned to every business registered under the Goods and Services Tax (GST) regime in India. It is a 15-digit alphanumeric code that serves as proof of GST registration and enabl ...

Jun - 2023

08

How to track GST Return Filing Status?

How to track GST Return Filing Status?

How to track GST Return Filing Status? The Goods and Services Tax (GST) is an indirect tax system introduced in many countries, including India, to simplify and streamline the taxation process. Under the GST regime, businesses must periodic returns to report their sales, purchases, and tax li ...

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