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The GST Payment

All about the GST Payment

Once GSTR 1 and GSTR 2 are filed, a dealer needs to enter GSTR 3 and make the GST Payment. In addition, if a refund is required to be claimed, then the related refund can be done by filling out the relevant form.

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GST Revenue In 2018-19

GST Revenue In 2018-19 To Grow 14%-16%, Says SBI Report

New Delhi: Due to recent speculation on the GST collection target for the current and next fiscals as being “overtly aggressive”, state-run State Bank of India on Monday estimated that the GST Revenue in 2018-19 would grow at a rate of 14-16 %, bringing it closer to the decadal growth rate in indirect taxes of […]

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GSTN enables online filing

GSTN enables online filing of letter of Undertaking

GSTN enables online filing on GSTN PORTAL. Basic Instructions for filing LUT online on GST Portal:- Login to the GST Portal. Go to User Services and click on the link “Furnishing Letter of Undertaking” After clicking that link the Form of GST RFD-11 is displayed. Here you have to Select the financial year for which […]

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Not make payment of Taxes

GST: What happens if person files return but does not make payment of taxes?

In Case One taxable person files a return under the GST Act but does not make payment of taxes what happen? I understand that the applicability of GST on the reverse charge basis has been suspended. In this scenario, I want to know whether the information is applicable to the import of services, for which […]

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Form GSTR-2 Online Process

File Form GSTR-2 Online Process

About Form GSTR-2 Online Process through Video After filing of GSTR-1 which contains the details of outward supplies, the taxpayers should file GSTR-2 Form which contains the details of all inward supplies Based on this return the Input Tax Credit (ITC) that a taxpayer is eligible to avail is determined.

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GST Offline Tool

GST Offline Tool- ITC-03 and ITC-04

Who should Fill GST ITC-03 Form? The taxpayer needs to fill ITC-03 if: you have opted for composition scheme or the goods or services or both supplied by you become wholly exempted and have availed Input Tax Credit (ITC)

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GST rules set to be simplified

GST rules set to be simplified further in Next GST Council Meet Which is held on 27 Feb through Video Conferencing

The 26th meeting of the council, held through a video conference, is expected to take measures that will make compliance easier for small businesses and traders, said the report.

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finalized return simplification

This Week GST Panel to meet industry for finalized return simplification

New Delhi: The government-appointed panel on  Goods and Services Tax returns under GSTN chairman Ajay Bhushan Pandey will meet industry and traders this week to seek their views on the finalized return simplification process.

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file GSTR-6 Form

Input service distributors (ISD’s) can now file GSTR-6 Form for the month of Aug 2017 to Jan 2018

ISD’s can now file GSTR-6 Form for the month of Aug 2017 to Jan 2018 over the Government portal site. What is GSTR 6? GSTR 6 is a monthly return that has to be filed by an ISD. It contains details of Input Tax Credit (ITC) received by an ISD and distribution of ITC.

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Registration date increased to composition scheme

Registration date increased to composition scheme till 31st March

Registration date increased to composition scheme till 31st March, another opportunity for small traders New Delhi:- GST has given more relief to the small businessmen for paying less tax to the government. The Registration date increased to composition scheme by The government till 31st March.

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