Equipping Modern Enterprises with Powerful GST & E-Way Bill Solutions
GSTR-11 is a type of GST return that has to be filed by the taxpayer who has been obtained a Unique Identity Number (UIN) in order to claim GST refunds on all the inward supplies of goods or/and services. Let us now discuss GSTR-11 in detail: This content covers the following topics: What is GSTR-11?…
Types of GST Returns and Due Dates What is GSTR-9C Form? Who needs to furnish GSTR-9C? Can someone file GSTR-9C without filing Annual GST Return (GSTR-9)? Are there any pre-requisites for filing GSTR-9C? When is the last date of filing GSTR-9C? When does GST Portal enable filing of Form GSTR 9C? What is the procedure…
This article is regarding the filing of Annual GST Return i.e., GSTR-9 Form, by a normal taxpayer for the financial year 2017-18. The taxpayer has to file the GSTR-9 on the GST Portal latest by 30th June 2019. Further, it shall be noted that every regular taxpayer including who has cancelled their GST Registration during…
Indian economy drastically changed after the introduction of GST, this, in turn, brought reform in Indian indirect system. The GST council is planning to introduce electronic invoicing under goods and services tax so as to bring more transformation under GST and to modernize the business conducts. If India adopts the e-invoicing system, then all the…
GST council decides the GST rate on goods and services and the council includes state and central government member. To decide the GST rate slab there were various meetings that took place in 2017. After discussion they decided the 7 rate slabs for GST namely 0%, 0.25%, 3%, 5%, 12%, 18% and 28%. And in…
As per notifications released by the Central Goods and Services Tax (CGST) authorities on March 7th, 2019, a concessional rate of GST has been prescribed for suppliers of exclusive goods, composition dealers, and normal taxpayers. Read on to know about the new concessional GST rates for the same. The following topics have been covered…
A debit note has different uses in GST and in accounts. Its use in GST is of great significance to those involved in business transactions. Hence, to give a better understanding, below is an overview of debit note in GST and how it is different from those in accounts. About a Debit Note Accounting permits…
According to section 35 of the GST Act, a registered taxable person needs to maintain the following accounts: Stock of goods Goods production or manufacturing Sale/Purchase of Goods/Services Input tax credit claimed Output tax paid and payable Additional Accounts that shall be maintained by a taxpayer There are some additional books that shall be maintained…