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 […]
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.
Refund process for IGST Paid on Export of Goods The Refund process for IGST paid on export of goods has been fully automated and facility has been made available on the dashboard of taxpayer to track status of transmission of Invoice data to ICEGATE system of Customs.
Still confused about your GST Jurisdiction Goods & Service Tax, India’s biggest tax reform is going to complete its first anniversary in next 45 days but still many of us are confused in respect to our jurisdictional offices of GST .
Determination of Time of Supply of Goods The liability to pay tax arises at the Time of Supply of Goods, time of supply is determined as per the below provisions: Time of Supply of Goods shall be earlier of the following dates: Date of Invoice – Invoice should be issued either before or at the […]
Latest Change In GSTR-3B as Government simplifies filing The government on came out with a simplified version of GSTR-3B , making it more user-friendly indications that it may possibly be used even beyond March 31. following key changes in the process of filing GSTR-3B.