ITC is not shown in GSTR 3B Return According to the relief provided by the government in GST, the GSTR-3 returns from July 11 to September 15 are to be filled in September and the return in the month of August is to be filled by September 26. Apart from this, the GSTR 3B returns […]
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.
How GST will impact a common man’s budget It has been more than 40 days since GST has been implemented in India. While the industry was very apprehensive, the GST transition has been smooth. The big question is how GST will impact a common man’s budget. Goods and services tax is stated to be one […]
GST impact on consignment sale Consignment sale is not new in the present business scenario. However, there are few consequences (pros and cons) on Consignment sale due to implementation of new indirect tax law i.e. GST. The author tried to explain the impact of GST on the consignment sale. This article written in question and […]
Few days are left to file your first GST return – How to do ? Filing of monthly returns, GSTR 1 and GSTR 2, has been deferred till September, but in the month of August you will have to file a simpler return in the form of GSTR-3B. The deadline to file GSTR-3B for the […]
Steps in Classification of Goods – GST GST for goods has provided schedules in line with VAT but the principles are based on the customs classification (also adopted in central excise) The need to classify properly is understood by all as it may lead to payment of differential tax with credit in case of self-correction […]