GSTR filing

GSTR 3B Return Filing- What is GSTR 3B? and How to file?

GSTR 3b Return Filing- What is GSTR 3b and How to file

A monthly authentication report of GSTR 3B Return Filing to be filed with GSTR 1 and GSTR 2 return forms by a registered GST merchant. GSTR 3B Return Filing is a simple return report that summarizes a tax period’s GST responsibilities. Under Section 39 of the 2017 Central Goods and Services Tax Act, every taxpayer … Read more

Negative Liability in GSTR-4- Filing of Annual Returns by taxpayers

Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4

As we know, under the Composition scheme taxpayers have to file a CMP-08 challan. Consequently, Composite taxpayers filing Annual Returns are facing issues in the portal. Several taxpayers reported an issue of negative liability appearing in GSTR-4. In this article, we will understand the government’s notification on Negative Liability in GSTR-4. What are GSTR-4 and … Read more

GST Registration for E-Commerce

GST Registration for Ecommerce

E-Commerce business is the new and one of the most valuable business platforms these days. It has been found in a survey that almost 80% of the population on the internet has bought something from these E-Commerce stores. However, it involves a complex taxation system. For instance, GST Registration for E-Commerce confuses many. Therefore, In this … Read more

GST Compensation: Centre releases 75000 crores to states, Uts

GST Compensation Centre releases 75000 crores to states, Uts

A finance department has released Rs 75 thousand crores nowadays to Uts and States with the government under the end-to-end loan ability in lieu of GST compensation. The authority has rented and provided to states Rs 75000 crore to create up for the deficit in their proceeds as of the GST execution. The finance department … Read more

GST on Cryptocurrency? Overseas exchanges may face 18% tax

GST on Cryptocurrency Overseas exchanges may face 18% tax

India is among the countries where cryptocurrencies are not considered assets and, therefore, not liable for capital gains tax. The department of indirect taxes has asked some Bitcoin exchanges to provide information regarding their customer bases to determine whether or not they should be required to pay GST on Cryptocurrency on specific services along with … Read more

GST Collection in June 2021 Slips Below Rs 1 Lakh Crore

GST Collection June 2021 Slips Below Rs 1 Lakh Crore

The GST Collection in June 2021 is shocking and was expected figures at the same time. It is estimated that GST Collection in June 2021 has fallen significantly. Experts estimate that the reason is, of course, none other than lockdown due to Covid-19 Crisis. As we all know, most of  India was under lockdown due … Read more

GST on Supply of Electricity

GST on Supply of Electricity

As we know GST on the Supply of Electricity is confusing to many people. The reason is it is hard to qualify Electricity as a good or service. Also, whether or not a tax is payable in combination with the delivery of power combining with some other service components to clients. Therefore, in this article, … Read more

Petrol, Diesel under GST Regime: HC Asks Centre to Decide

Petrol, Diesel under GST Regime HC Asks Centre to Decide

The Kerala government asked the Central Board of Revenue (CBR) to take a decision on bringing petrol, diesel under GST regime and proposed that the matter be transferred to the GST appellate tribunal. Chief justice S Mani Kumar and justice Shaji P Chaly demanded that the government should decide on the representation of the petitioner … Read more

GST on Transport: GST Rates for Transport Sector

GST on Transport GST Rates for Transport Sector

Knowing about GST on Transport is very important for us. The reason is Transportation is a crucial part of our economy. In this article, we will understand the GST on Transport. Besides, we will also have a look at Rates for Transport Sector under Goods and Service Tax. Know about GST As the name suggests, The … Read more

No GST on examination fee charged by Central/States/NBE

No GST on examination fee charged by CentralStatesNBE

No GST on examination fee charged by Central/States/NBE is the latest update. It will help the students as they won’t have to pay an extra fee. The decision for the No GST on examination and GST relaxation for Mid-Day meals resulted from the council meeting held in May. Therefore, in this article, we will understand these … Read more