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 […]
Category Archives: Goods and services Tax
Master your business financials with our definitive guides, updates, and compliance resources on the Goods and Services Tax (GST). Navigating modern taxation can be challenging, but our clear breakdowns help business owners, freelancers, and accounting professionals stay ahead of regulatory changes while optimizing their tax positions.
Why GST Compliance Matters
Understanding GST is critical for legal compliance, seamless input tax credit processing, and avoiding costly penalties. Staying informed ensures your pricing strategies remain competitive and your cash flow stays healthy in a fast-evolving regulatory landscape.
What You Will Find Here
- Compliance & Filing: Step-by-step navigation for monthly, quarterly, and annual tax returns.
- Input Tax Credit (ITC): Strategies to maximize claims and recover tax paid on business inputs.
- Regulatory Updates: Real-time analysis of changing rate slabs, legal amendments, and notifications.
- Invoicing & E-Way Bills: Practical templates and workflows for generating flawless, compliant documentation.
how to file GST returns, input tax credit rules, GST rate slab updates, tax planning and invoicing.Decoding the Extension in GST R 3B Return Filing Date GST Council had earlier decided to defer the filing of return in FORM GSTR-3 and had recommended the filing of return in FORM GSTR-3B. Accordingly, the Central Government vide notification No. 21/2017-Central Tax dated 08.08.2017 had notified the last date for filing of return in […]
GST Exemption – Understanding & Common Errors In GST It is essential for the government to issue certain exemptions and concessions considering the need of the economy and public policy for supporting certain initiatives and tax some highly to make up the revenues. Tax exemptions and concessions have been used as an instrument of fiscal […]
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 […]
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 […]