Post by: Renu Suresh in GST GST in India
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…
Post by: Renu Suresh in GST
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…
Post by: Renu Suresh in GST
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…
Post by: poonamgandhi in GST
Recent amendments in GST return filing due dates The Central Board of Indirect Taxes and Customs, via various notifications issued on 15th October 2020, came up with the following amendments- Amendments relating to due dates of Form GSTR-1; Amendments relating…
Post by: poonamgandhi in GST
Key Highlights of 42nd GST Council Meeting 42nd GST Council Meeting was held on 5th October 2020 via video conferencing mode. The key recommendations made by the GST council, during the meeting, are highlighted in the present article. Various amendments…
Post by: Rita Seal in GST GST in India
GST E-Invoice Under New GST Return System 2020 Provisions relating to the GST invoice are discussed under Rule 46 of Chapter VI of CGST Rules 2017. Every supplier with a GST registration in India needs to issue an invoice in…
Post by: IndiaFilings in GST
GST Annual Return Due Date The Government has extended the GST annual return due date for FY2017-18 to 31st December 2019. Also the due date for filing GST annual return for FY 2018-19 has been extended upto 31st March 2020.…
Post by: Arnold Thomas in GST
GST Annual Return NOT Required The GST Council in its 37th meeting announced that GST annual return is not required for small businesses with a turnover of less than Rs. 2 crores. The relaxation is applicable for financial years 2017-18…
Post by: Arnold Thomas in GST
New GST Return Taxpayers in India who are paying the Goods and Services Tax (GST) will benefit from the new, simplified GST return system unveiled by the central government a few months ago. Taxpayers will soon switch to a set…
Post by: Arnold Thomas in GST
35th GST Council MeetingThe newly appointed Finance Minister, Nirmala Sitharaman, headed her first GST council meeting on 21st June 2019 at New Delhi. Key highlights of the 35th GST council meeting is summarized hereunder:Amendment in GST registration procedureGST registration procedure is…