GST registered Taxpayers can access the GST Systems via third-party applications. These applications will provide the Taxpayers with all user interfaces through desktops, mobile phones, and other applications. They will also be able to interact with the GST system through secure GST System APIs. The service providers developing these applications are collectively called GST Suvidha … Read moreList Of GSPs (GST Suvidha Providers) Approved By The GSTN
The Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme under GST was introduced on 1 January 2021 for Taxpayers having an aggregate annual turnover of less than INR 5 Crores. Under this scheme, the notified Taxpayers have an option to file GSTR-3B on a quarterly basis and pay tax every month. Furthermore, Taxpayers … Read morePoints To Remember While Filing GSTR-1 For Jan-Mar 2021 Under QRMP Scheme
A GST invoice evidences the supply/sale of goods and services and is a requisite to avail the eligible Input Tax Credit (ITC), transport goods and generate IRN. However, in different scenarios, different kinds of GST invoices have to be issued/generated. In this article, we will talk about: Which Are The Different Types Of GST Invoices? … Read moreTypes of GST Invoices
Regular GST registered Taxpayers who don’t want to avail ITC facility and who have an aggregate annual domestic PAN-based turnover as per the following limits can opt for the Composition Levy under GST: Up to INR 1.5 Crores (in the previous FY), Up to INR 75 lakhs (in the previous FY) for Taxpayers who are … Read moreHow To Opt-In For Composition Scheme For The Financial Year 2021-22?
Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is the Government’s initiative to simplify GST compliance for small Taxpayers. Under this scheme, Taxpayers having an aggregate turnover at PAN level up to INR 5 crore can opt for filing GSTR-1 and GSTR-3B quarterly. In addition to this, tax payments can be made in the first … Read moreHow To Change The Profile Under The QRMP Scheme?
The Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme was launched on 1 January 2021 for GST registered persons having Annual Aggregate Turnover (AATO) less than INR 5 Crores. Under this scheme, eligible Taxpayers can file GSTR-1 and GSTR-3B quarterly and pay tax on a monthly basis. Note: This facility can be availed … Read moreHow To Make Tax Payments Under The QRMP Scheme?
The GSTN has enabled the Aadhaar Authentication/e-KYC facility for Taxpayers on the GST portal. Though this authentication is optional as of now, Taxpayers are advised to complete it at the earliest. In our previous article, we have explained the steps Taxpayers can take to complete the Aadhaar Authentication. However, in some instances, the signatories may … Read moree-KYC For Existing Taxpayers On GST Portal
GST registration is mandatory* for businesses that have a turnover of more than INR 40 lakhs (INR 10 lakhs for North-Eastern and hilly states). In some cases, the turnover criteria is not applicable. That means some businesses have to be GST registered irrespective of their turnover. When a business applies for GST registration, an Application … Read moreHow To Check GST Registration Status?