Conditions for claiming Input Tax Credit are to be fulfilled by all the GST (goods and services tax) registered buyers. Having said that, these buyers cannot claim Input Tax Credit …
Know the conditions for claiming Input Tax Credit under GST Read More »
Under GST, there are 11 types of GST Returns. The taxpayers under the GST regime have to file GST returns depending upon the type of supply of goods or services …
Know Types of GST Returns, Filing Period & Due Dates Read More »
Advance income, as the name suggests is said to be when the payment of income is made before its actual time. This advance income may sometimes be required by the …
Basics of GST on Advance Income Easily Explained Read More »
GST Invoices GST invoices are the important documents. This is so because it not only evidences the supply of goods or services but is also an essential document for the recipient …
GST Invoices Bill Easily Explained Guide By Expert Read More »
From new year, 2022 there are a host of key changes in GST which are applicable from 01.01.2022. These changes include the goods and services tax rate changes on footwear, …
Key Changes in GST That are Effective from January, 2021 Read More »
Compliances play an essential role for taxpayers as well as government. These compliances keeps the checks and balances for each GST registered taxpayer. The GST compliances for month of August, 2021 are as follows:
In order to provide relief to small scale businesses of GST registered taxpayers, the Central Board of Indirect Taxes and Customs has published Quarterly Monthly Payment (QRMP) Scheme. It can be availed by taxpayers having an aggregate turnover of up to Rs. 5 crores.
Time & again various extensions have been provided to taxpayers to comply with filing of returns. GST Compliance for July, 2021 is as follows: