GST has become a great issue for small business men who used to get their simple VAT return filed in a quarter, but under this GST regime it is required to submit three returns per month. It’s something very unfair especially for the small retailers, which increases the accounting charges as well as professional fees […]
1) Who shall furnish details: Every registered person who causes movement of goods shall furnish information relating to the said goods in Part A of FORM GST EWB-01, electronically, on the common portal, before commencement of such movement.
Form GST TRAN-1 has been the subject matter of all the controversies from the beginning of transition into GST. A contrast between recent notifications and the GST council decision have made it more controversial and created a panic in the minds of taxpayers and consultants.
Filing GST returns…?? As all GST returns have to be filed online only using either offline GST return tool or punching online on portal, it have all possibilities to get error if you have selected to upload the return using offline GST return tool using either Excel template or CSV files.
Articles Compiles list of 84 types of expenses on which we have discussed if GST is applicable or not and if applicable what will be rate of GST and Eligibility for Input Credit- Sr. No Nature of Expense Rate of Tax Whether registered supplier will levy tax Reverse Charge (If supply is unregistered) Whether Eligible […]
GST Composition Scheme is an option available to a registered taxpayer who needs to inform the tax authorities of his intention to be registered under the scheme. In case the registered taxpayer fails to comply with the same he would be treated a normal tax payer and administered accordingly. Such option needs to be for all business of the tax payers is both for goods as well as services
Looking to the averments which are made in the petition and the reply which has been filed, it appears that the system is not working upto the level and the same is required to be corrected & updated to meet requirements.
There are a lot of confusion like when to issue Payment Voucher, Self Invoice, What to fill in GSTR-1, GSTR-2 & also many compliance in relation to REVERSE CHARGE (RCM) in GST, so through this Video we are covering all such points through a SUMMARIZED CHART, Hopefully this Video (YouTube link is mentioned below) will […]
It is to be noted date for REVISION OF TRANS 1 which has been filed timely has been extended not the time of ORIGINAL DATE FOR FILING TRANS 1 extended.
Restriction on number of layers for certain classes of holding companies. (1) On and from the date of commencement of these rules, no company, other than a company belonging to a class specified in sub-rule (2), shall have more than two layers of subsidiaries:
