Equipping Modern Enterprises with Powerful GST & E-Way Bill Solutions
Every taxpayer who has filed GST Annual Return (GSTR 9C) have reported some issues. Here is the list of issues reported while filing Form GSTR-9C and their possible solution. But before moving to that it is better to have a fair knowledge about GSTR-9C (GST Annual Return): What is GSTR-9C? Any taxpayer whose turnover exceeds…
Central Board of Direct Taxes has extended the due date for filing ITR (Income Tax Return) for FY 2018-19 to 31st August 2019 from 31st July 2019 for certain types of taxpayers who were required to file their ITR by 31st July 2019. Every assessee was eagerly waiting for this announcement as many CAs (Chartered…
www.gst.gov.in is a government GST Portal that provides different services from obtaining GST registration to applying for cancellation of GST registration. Through GST Portal website www.gst.gov.in, the taxpayer can file GST Returns. In addition to this he can view notices and orders, furnish letter of undertaking and so forth on gst.gov.in. In this article we will…
Form GST CMP-08 was introduced in April 2019 for composition dealer replacing the GSTR-4 for the FY 2019-2020. Here are some of the main topics of CMP-08 Form. Scope of Content What is Form CMP-08? Who needs to file CMP-8 Form? What are the consequences for not filing CMP-08 Form within the prescribed due date?…
The Start-up India program was launched by the government of India with the main objective to transform India into a job-creating country rather than job-seeking one. Start-up India was launched on 16th of January 2016 in India. Comparison Report In the 3rd week of November 2018, DPIIT recognized a total of 14,036 start-ups in India…
As per the recent Union Budget announced by Mrs Nirmala Sitharaman, e-invoicing will be introduced in 2020 and there will be no need to generate a separate e-way bill. In this article we will discuss e-invoicing under GST in brief: Why e-way bill was introduced? The e-way bill was introduced by the Government of India…
To understand the changes in GST (Goods and Services Tax) as per Union Budget 2019-20, we are taking two fictional characters into consideration namely Ram and Shyam. Ram: Shyam, what are the major GST changes in Union Budget? Shyam: Ram, this union budget 2019-20 is a more sensible budget than a sensational one. Some of…
The government of India has set the GST rate on medicine and medical supplies depending upon the nature and necessity of the same. Currently, there are 4 slab rates of GST on medicines and medical supplies that we will discuss in this article. Nil GST Rate on medical supplies Currently, there are only 3 types…