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. 

Inter and Intra State Supplies under GST

Inter and Intra State Supplies under GST As per Section 5 of IGST Act, Integrated Goods and Service Tax (IGST) will be levied on all inter-state supplies of goods or services or both. As per Section 9 of CGST Act, Central Goods and Service Tax (CGST) will be levied on all intra-state supplies of goods or […]

Latest Change In GSTR-3B as Government simplifies filing

Latest Change In GSTR-3B as Government simplifies filing The government on Wednesday came out with a simplified version of GSTR-3B , making it more user-friendly amidst indications that it may possibly be used even beyond March 31. According to a note prepared by PwC, GSTN has made the following key changes in the process of […]

Composite and Mixed Supply as per CGST Act 2017

Composite and Mixed Supply as per CGST Act 2017 Here I would like to share with all of you basic understanding of Composite and Mixed Supply . What is Composite Supply under GST? What is Mixed Supply under GST? Composite Supply: Composite supply is when two or more goods are sold in together with combination. […]

How to claim GST refund of excess balance in Cash Ledger?

How to claim GST refund of excess balance in Cash Ledger? RFD-01: a step-by-step guide to claim GST refund of excess balance in Electronic Cash Ledger of GST Portal There can be a lot of mistakes while creating GST challan for making GST Payment, it may be due to confusion, deadlines pressure or due to […]

Manual processing of refund claims in detailed

Manual processing of refund claims in detailed REFUND PROCEDURES UNDER EXPORT: Following are the Forms for Refund Procedures GST RFD – 01 Application for Refund GST RFD – 02 Acknowledgement for Application of Refund submitted GST RFD – 03 Deficiency Memo GST RFD – 04 Provisional Refund Order GST RFD – 05 Payment Advice GST […]