ACCOUNTS AND RECORDS IN GST GST regime has just been implemented, hence it is upmost necessary to understand the provisions related to accounts and records by every registered persons. The relevant provisions of law in GST regarding Accounts and Records are detailed in Section 35 and Section 36 of Central Goods and Service Tax Act, […]
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.Returns to be filed in GST Under GST Regime different types of forms are provided to be filed under different dealers. A very easy and understandable chart is given here for better understanding.
Impact of GST on Rentals from Immovable Property Rental from Immovable Property in GST Regime Under GST Regime, ‘renting of immovable property’ is included in schedule II which defines it as the supply of services on which the GST rate is 18%. However Entry no. 12 of exemption Notification no. 12/2017 dated 28.06.2017 exempts the […]
Different invoices under GST 1. Invoices under GST: Issued by registered taxable person who is supplying taxable goods/services. A total of 3 copies are to be issued (original for recipient, duplicate for transporter, triplicate for supplier) i.e.in case of goods, either at the time of removal or when it becomes available to the recipient, and, […]
Sales Return in GST Act I. Statutory Provisions of Sales Return in GST Act Under Section 142(1) States that Where any goods on which duty, if any, had been paid under the existing law at the time of removal thereof, not being earlier than six months prior to the appointed day, are returned to any place […]