Get rewards from the government for paying tax The government is looking to put in place an incentive programme to rewards and recognize honest taxpayers to encourage a culture of compliance. A committee has been set up under Central Board of Direct Taxes (CBDT) to draw up the scheme.
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.
After Surrender GST number Which return to file ? Have you surrendered GST number or, has your GST registration been cancelled and do you think you are free from filling GST return after doing so?
Error rectification in GSTR1 September return – Critical compliance for 2017-18 It has been a year since the rollout of GST in India. Time has come for taking stock of transaction undertaken during the period July 2017 to March 2018 and take corrective action for mistakes/omissions in GSTR1 that may have crept during the said […]
Simplified Returns under GST – Key Features The GST Council in its 28th GST Council Meeting held on July 21, 2018 under the Chairmanship of Shri Piyush Goyal, Union Minister for Railways, Coal, Finance & Corporate Affairs has approved the new return formats. The Council had earlier approved the basic principles of GST return design […]
GST taxpayers look forward to simplified filing forms – 36 returns to 12 In the 27th GST council meeting, one of the most notable announcement was that the government was considering a simplified return filing system, where input credit would be system driven. This system will be implemented gradually after trial, allowing sufficient time for […]