Tag: GST Type of Returns

GST Software
Updated on February 18th, 2019 in GST Return

Step by step guide on how to file NIL GSTR 1

Here are the steps to file NIL GSTR-1. After login with username and password, select Return Dashboard. Select Financial Year 2017-18 and suitable return filing period i.e. July. Click Search and Select GSTR-1. In case we will file the NIL GST Return without feeding any data and submitting it directly then it will show system…

Updated on February 18th, 2019 in GST Return

GST Returns

Pre 1st July 2017, a manufacturer, trader, retailer or any other business was filing returns for various compliance’s – Excise, VAT, Service Tax, Sales Tax, Income Tax etc. with individual returns for each of them. A continuous process of filing returns – monthly, quarterly, half-yearly and yearly existed and businesses were apparently occupied throughout the…

Types of GST Returns
Updated on November 13th, 2018 in GST

GST Rates

All goods and services [over 1700], transacted in India will fall under two coding systems – HSN code system and SAC code system. All the goods will fall under HSN category and the services under SAC. These items will attract any one of the total 7 tax slabs [ 0%, .25%, 3%, 5%, 12%, 18%, 28% ]. This article aims to give you a comprehensive, yet an easy understanding about each of the above GST tax slabs.

GST Rates
Updated on November 13th, 2018 in GST

GST laws: Analysis of “Time of Supply of Goods and Services”

At an informal business meet, our senior addressed to a group of businessmen – “You all are well aware that GST comprises of IGST, CGST and SGST taxes. A simple question: Can anyone tell when or at what moment will you have to pay the taxes?” As many floundered for words, few of them gave hazy, even humorous, replies – After sale of goods, after providing a service, at the end of the month, at the start of the quarter, within so-and-so days of the next month!

GST Suvidha Provider
Updated on February 16th, 2019 in GST

Input Tax Credit

The term “Input Tax Credit” assumes significant importance in the arena of indirect taxation. Let us zero in on our analysis on this topic under GST regime. “Input tax” means the GST Taxes (CGST, SGST, IGST) charged on any supply of goods or services or both made to a registered person in the course or furtherance of his business and includes such tax payable on reverse charge basis— but excludes tax paid under composition levy.

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