How to adjust GSTR-3B tax liability with ITC available Query 1: Our as our GST portal account Credit Ledger shows balance of ₹ 13,22,658.00 for the month of July and the payable as per the Liability ledger for July shows Rs. 6,06,618.00 in GSTR-3B
Category Archives: Goods and services Tax
Goods and services Tax
Goods and services Tax is applied by Indian government as one nation one tax
“GST” Was Apply by the Government to benefited to Business Man.
Before Implementation of GST Various Indirect taxes like service tax,Sales tax,and Excise duty was applicable in india .
In Above all indirect tax cenvat credits i.e. input tax credits on purchase/services received was adjusting with outward sales and outward services given .
For smooth running of this system the Indian Government also implemented this by discontinue of above mentioned tax,
In This Section we try to clarify regarding GST Refunds,GST Returns,GST Circulars,GST Notifications,GST Forms.
Reverse Charge Provisions for goods transport agency In terms of Sr. No. 1 of paragraph 1 of Notification No. 13/2017- Central Tax (Rate) dated 28.06.2017, Central Government had earlier notified the applicability of reverse charge for goods transport agency by providing that Supply of Services by a goods transport agency (GTA) in respect of transportation […]
Commerce Graduates Now as GST Tax Practitioner Rule 83 of the CGST Rules 2017 provides that any person who, (i) is a citizen of India; (ii) is a person of sound mind; (iii) is not adjudicated or insolvent; (iv) not been declared convicted by a competent court and satisfies become GST Tax Practitioner if fulfill […]
Refund in GST – Applicability and Procedure Procedure of Refund in Goods and services tax is time bound and if not paid in time will be subject to interest. It seems to be simple . Circumstances are defined under which tax payer shall be eligible to file for refund and same shall be process as […]
All about Imports under GST I. Introduction Imports Under GST Imports Under GST regime, Art. 269A of Constitution mandates the supply of goods or services or both in the course of import in to the territory of India shall be deemed to be the supply of goods or services or both in the course of […]