Goods and Service Tax
What does LUT under GST mean & Process of filing it ?
A letter of Undertaking is a document that exporters can file to export goods or services without paying taxes. Under the new GST regime, all exports are subject to IGST, which can later be reclaimed via a refund against the tax paid. A LUT (Letter ...
How to Raise Invoice on GST E-Invoicing Portal?
The transportation of goods from one place to another is facilitated by the filing of ‘e-Way Bills’ on the common GST portal. Similarly, in its 35th meeting, the GST Council had decided to implement a system of e-Invoicing, which will apply to ...
How can we file GST Return in Tally Software?
How can we file GST Return in Tally Software? One of the key aspects of the GST era is that most of the indirect taxes - for which returns had to be filed separately for various businesses - have been subsumed. Today, irrespective of whether one is a ...
How to File GSTR 3B Quarterly Return
Quarterly Return Filing & Monthly Payment of Taxes (QRMP) Scheme To simplify the process of filing returns for small business taxpayers, the QRMP scheme has been launched by the Indian government. This guide will explain the scheme, the criteria to ...
How to file GST Return Online ?
From manufacturers and suppliers to dealers and consumers, all taxpayers have to file their tax returns with the GST department every year. Under the new GST regime, filing tax returns has become automated. GST returns can be filed online using the ...
Login Page To Check GST Return
There are two types of GST login procedures for www.gst.gov.in. One is for existing users, and another is for new users. Let’s see in detail about both the procedures. Steps to GST login for an existing user Step 1: Visit www.gst.gov.in or the ...
GST Registration is not compulsory in the case of
This article is all about the exemptions under GST registration mentioned by the Government of India. GST registrations will start latest by 1st July 2017. There are some people who are exempted from the GST Registration based on what is the nature ...
How can we apply for GST Cancellation Online?
A new functionality has been introduced on the GST portal for the surrendering of GST Registration. If you want to cancel your GST registration, follow below steps: Step 1: Login into your account on gst.gov.in Step 2 : Go to Services >> ...
How to surrender GST registration online?
A GST registration obtained in India can be cancelled by the registered person or by an officer, or by the legal heirs, in case of death of a person registered under GST. GST registration cancellation is different from the GST Registration amendment. ...
What are the various Compliances under GST?
Types of GST Returns and Due dates GSTR-1 GSTR-1 is the return to be furnished for reporting details of all outward supplies of goods and services made. In other words, it contains the invoices and debit-credit notes raised on the sales transactions ...
GST Registration without Aadhaar Authentication
At the time of GST registration, every applicant can opt for the Aadhaar authentication. The exceptions are persons exempted by the Central government under the CGST Act or those who must mandatorily undergo the Aadhaar authentication under section ...
Important Due Dates For GST Returns Filing
Important GST Dates – GST Calendar 2021- 2022 GST calendar helps every registered business and professionals to be ready for compliance well in advance. GST Dates are crucial for every taxpayer to file the GST returns and prescribed forms under the ...
GST Registration Fees & Charges of CA
The government does not charge any GST registration fees for GST registration online through the government portal. Once the relevant documents have been uploaded, as mentioned previously, you will receive an Application Reference Number (Or ARN) on ...
How To Calculate Goods And Services Tax
What is GST? Goods and Services Tax or GST refers to the indirect tax levied on the supply of goods and services. From July 1, 2017, GST came up as single taxation system in India and replaced all the indirect taxes in the country. The Central ...
How many GST returns are there?
GST return is a form that a taxpayer registered under the Goods and Services Tax (GST) law must file for every GSTIN that he is registered. Did you know that 22 types of GST returns are prescribed under the GST Rules? Out of them, only 11 GST returns ...
Different Types Of GST Returns in India
GST returns are different forms that a taxpayer has to file for every GSTIN to which he is registered. What are GST Returns? GST Returns are a type of form that a taxpayer has to file. There are around 22 types of GST forms available. From these 22 ...
What is the Limit for GST Registration
As per the GST Regime, businesses or business owners whose turnover exceeds more than Rs. 40 lakhs is required to register under GST as an average taxable person and Rs 10 lakhs, GST Registration Threshold Limits for Services operated in NE and hill ...
GST Registration for E-Commerce Seller
GST has a significant influence on Indian e-commerce. With more and more trade online, the government has created additional laws and regulations that e-commerce businesses must follow under GST. Regardless of the value of the supply, all members who ...
GST Registration for Proprietorship
GST Registration for Proprietorship Firm can be done quickly Online, but Today in this guide, we give you tips so you can easily apply GST Registration for Proprietorship Firm Online. We will tell you whether the sole proprietorship firm can be ...
How to do Self GST Number Registration
GST Registration process is online based and must be carried out on the government website gst.gov.in. Every dealer whose annual turnover exceeds Rs.20 lakh (Rs.40 lakh or Rs.10 lakh, as may vary depending upon state and kind of supplies) has ...
GST Compliance Rating can Make or Break your Business
What is the GST Compliance Rating? The GST compliance rating is a score given by the government to all registered businesses based on their record of compliance with the GST rules and regulations, and this score will be made visible to all other ...
How to Check GST Cancellation Status
How to check GST registration cancellation status There is a difference between cancelling a GST registration and modifying a GST Registration. We’ll go through the steps involved in cancelling your GST registration in this article. # What Is ...
GST Registration For Foreign Company in India
GST Registration For Foreign Companies All individuals should apply for GST registration for foreign companies as per the GST Act. Goods and Services Tax or GST acts as an indirect tax in India. The tax applies to all the goods and services. The ...
Benefits of goods and service tax
Hailed as one of the biggest tax reforms of the country, the Goods and Services Tax (GST) subsumes many indirect taxes which were imposed by Centre and State such as excise, VAT, and service tax. It is levied on both goods and services sold in the ...
Steps for Goods and Service Tax Payment
After making all adjustments and taking Input Tax Credit (ITC) available to a taxpayer, a taxpayer must pay any balance GST liability online. Here is a step-by-step guide that will help you make GST payments with ease – Step 1 – Login to the GST ...
What are the GST Compliance Filing Checklist in India?
The GST compliance rating is a score given by the government to a business so that other businesses can see how compliant they are with the tax department. This score will be calculated based on parameters such as timely filing of monthly and annual ...
Goods And Service Tax (GST) Login Portal
India’s Goods and Service Tax (GST) portal is an official website hosted on www.gst.gov.in . The GST Portal Login provides various services through which all the compliance activities related to Goods and Services Tax (GST) are undertaken by ...
What are the Different Compliances under GST?
While all the returns under GST would be required to be filed electronically, the details of Central and State taxes would be consolidated together for the purpose of reporting the details of outward and inward supplies, Input Tax Credits (ITC), tax ...
Proprietorship Firm GST Registration
While many businesses have enrolled/migrated to GST, many have yet to register. Registration of any business entity under the GST Law implies obtaining a unique GST number from the concerned tax authority to collect tax on behalf of the government ...
GST Applicability & Registration for Proprietorship Firm
Sole Proprietorship Sole Proprietorship Registration Procedure & Advantages A Sole Proprietorship form of business organization is where a business is managed by a single person. Generally, it does not require any registration as such. Any individual ...
Where to Register Proprietorship Firm
Documents Required for Sole Proprietorship Registration in India Sole Proprietorship is the most accessible form of business done in India since any specific laws don’t govern it. Under sole Proprietorship's, the compliance’s are minimal and easy to ...
How to Check GSTIN Number Validity?
GST Registration Check – How to Check GSTIN Validity? GST Registration Validity GST registration for regular taxpayers do not have an expiry date and is valid until it is surrendered or cancelled. Only the GST registration for non-resident taxable ...
Some Benefits of Sole Proprietorship Firm
What is meant by a Proprietorship firm? A proprietorship firm means (one person company ) the firm is no different from its proprietor, i.e, the owner. It is not a company so to say that it is not necessary for a proprietorship firm to be registered ...
How to Utilise & Adjust Input Tax Credit in GST?
Input Tax Credit (ITC) under GST What Is Input Tax Credit (ITC). Input Tax Credit refers to the tax already paid by a person at time of purchase of goods & services and which is available as deduction from tax payable. For e.g- A trader purchases ...
Goods and Service Tax Registration
Find Complete Details of GST Registration Procedure GST registration applies to all individuals and entities supplying goods or services in India. GST registration becomes mandatory when the aggregate value of supply exceeds Rs.20 lakh. The Ministry ...
Cases When E-Way Bill is Not Required
Cases when an Eway bill is not required The Goods and Services Tax (GST) law was introduced in India to correct the erstwhile law’s several wrongs. One of the main problems was a lack of transparency concerning both the taxpayers and the government. ...
How to Check E-Way Bill Status
There are many scenarios, where a tax payer may want to reject e-way bill generated against his GSTIN, by other parties – be it recipient, supplier or transporter. The reasons could either be an e-way bill raised by mistake or as a recipient, you may ...
How to Generate E Way Bill For Unregistered Person
How to Generate E-Way Bill for Unregistered Person? An E-Way Bill is an online document that is generated via an e-way bill portal for the movement of goods from one place to another. The Government of India implemented an e-way bill to minimize the ...
How to Generate e way bill in Tally Prime
e-Way Bill in TallyPrime The e-Way Bill system was introduced by the government to simplify and streamline the process of GST compliance. An e-Way Bill document has to be carried while shipping the goods from one location to another. This document ...
How to Generate e way bill for multiple invoices?
How to Generate E-Way Bill for Multiple Invoices Consolidated E-Way Bill (EWB-02) is a single document that contains details of all the E-Way Bills related to the consignments. If you are a transporter/ supplier who wants to transport multiple ...
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