Businesses are exploring and expanding. To accommodate the expansion, some businesses add additional places to their business list. The GST law requires taxpayers to disclose such amendments and additions on the GST portal. In this article, we will list down the steps to add additional places of business on the GST portal. Step 1: Log … Read moreHow To Add An Additional Place Of Business On The GST Portal?
The Goods and Service Tax regime was introduced to the citizens of India in July 2017. The Senate had to ensure that the revenue of the Central and State Governments are not compromised/reduced because of the new tax structure. It was a known fact that the revenue of the Government would not be the same … Read moreRevenue Neutral Rate (RNR) In GST
GST registered Taxpayers can pay GST liability by utilising the available Input Tax Credit (ITC) or balance in the electronic cash ledger. Every deposit made by taxpayers through internet banking or by using credit or debit cards or National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS) or by over the counter deposits … Read moreForm GST PMT-05
Fraud Fraud is defined to be an intentional act by an individual or a group of them, who are charged with governance (who are in authority), or third parties, involving the use of deception to obtain an unjust or illegal advantage. A fraud could take the form of misstatement of information (financial or otherwise) or … Read moreFrauds Under Goods And Service Tax
Once the refund application (in RFD-01) is filled, GST registered Taxpayers can check the status of their refund application on the GST portal. The entire refund process is standardised and online. Taxpayers can check the status of the refund claim with or without login. In this article, we will walk you through the steps to … Read moreHow To Track GST Refund Status Online?
Under GST, when goods are in transit, the Commissioner or an officer empowered by him (in this behalf) can authorise officers to intercept a conveyance to verify the e-Way Bill or the e-Way Bill number in its physical form for all inter-State and intra-State movement of goods. Physical verification of a conveyance can also be … Read moreForm GST EWB-03
The GST law generally allows a registered person (principal) to send inputs and capital goods to the job-worker without the payment of GST as long as the inputs are returned within 1 year and the capital goods are returned within 3 years. In such a case, the principal will have to file a declaration in … Read morePreparing ITC-04 Using Offline Utility
Taxpayers who have recently registered under the GST regime should fill Form GST ITC-01 to claim the available Input Tax Credit. In other words, Form GST ITC -01 is a declaration form filed on the GST portal for claiming the eligible ITC. Note: Filling of this form is mandatory to claim ITC. In this article, … Read moreForm GST ITC-01