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 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 […]
GST on cryptocurrency transactions The objective of this article is to keep it short and sweet. This is solely based on my understanding of GST legislation. If you differ with me for any reason, please let me know the reasons. Since the topic is debatable, multiple viewpoints are possible.
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 GST effected Income Tax GST, or the goods and service tax, has become a reality in India now. This could be called the biggest reform in the history of our nation, especially in the Indirect Taxation where around 11 types of taxes would be incorporated into a single tax. There are no doubts in […]
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 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 […]