GST return filing

GST-3B Return filing, format , due date & rules

GST-3B Return filing, format , due date & rules

GST Return Filing is the online procedure through which tax payers declare their taxable turnover, determine and pay net tax liability. It is mandatory for every business having GST registration to file their GST returns as per the nature of business. There are 13 main GST returns. The GST-3B Return is among the most important … Read more

GST govt reminds e-com operators to file TCS return by 10th june

GST govt reminds e-com operators to file TCS return by 10th june

Due to the approaching deadline, the Goods and Service Tax Network (GSTN) has urged e-com operators to file TCS returns in form GSTR-8 by the 10th of June 2022. TCS is similar to TDS under GST and it is important for every e-commerce operator. Here this article discusses all that you need to know as … Read more

CBIC waives GST Return Filing Late Fees for GSTR4

CBIC waives GST Return Filing Late Fees for GSTR4

A piece of positive news for taxpayers as CBIC has notified GST Return Filing Late fees waiver for GSTR4. This was done to provide convenience to small taxpayers. However, taxpayers must note that this relief is available for only a short duration. Therefore, you must not miss this golden opportunity to file delayed GST Returns. … Read more

GSTR 3B GST Return Filing Due Date Extended for April 2022

GSTR 3B GST Return Filing Due Date Extended for April 2022

A relief for taxpayers as GSTR 3B GST Return Filing Due Date extended for April 2022. The notification was released by the CBIC yesterday i.e. on 17th May 2022. The GSTR 3B GST Return Filing Due Date and due date of payment of tax for the month of April, 2022 by taxpayers under QRMP scheme … Read more

All about Scrutiny of GST Returns

All about Scrutiny of GST Returns

Every GST Registered Taxpayer needs to file GST Returns on time and in the accurate manner. Otherwise, hiding transactions, incorrect information or even minor errors can result in scrutiny of GST Returns. Scrutiny Notice will also have strong impact against your business.  Therefore, You also have to submit your response accurately and in timely manner … Read more

GST Return Filing for SEZ units

GST Return Filing for SEZ units

Due to the fact that GST and the e-way bill will have an impact on everyone, SEZs are also included in the scope of the changes they bring. If your business is in SEZ or you want to set it up there, you must know about the GST Return Filing for SEZ Units. This article … Read more

Online Process of Filing NIL GST Return in India

Online Process of Filing NIL GST Return in India

GST Return Filing is mandatory for everyone who has GST Registration in India. It is compulsory to do GST Return Filing no matter the business turnover, profitability, or revenue in a month.  Taxpayers are required to file NIL returns even if they indicate that they have not issued any invoices for their registered firm at … Read more

Difference Between GST and VAT

Difference Between GST and VAT

The introduction of the Goods And Service Tax has overshadowed the other taxation systems like excise duty, service tax, and VAT. It was implemented on the 1st of July 2017 under the unique ideology, ‘one nation, one tax’. In this article, you will understand the difference between GST and VAT. The aim of introducing GST … Read more

Types of Invoices Under GST

Types of Invoices Under GST

GST or goods and service tax was launched on the 1st of July 2017. The tax has replaced almost all the indirect taxes in India. It is mandatory to issue an invoice or bill of supply when the supply value is more than Rs. 200 under GST Registration in India. There are several types of … Read more

Benefits of GST on Business and Consumers

Benefits of GST on Business and Consumers

GST is an indirect tax imposed on the supply of goods and services in India. The GST has lowered the burden of many taxes and placed them under one roof, benefiting Indian consumers and companies. Hence, there are several benefits of GST on Business and Consumers. In this article, you will understand GST Registration and … Read more