What is GSTR-6?
Every Input Services Distributor must submit a monthly return detailing the invoices for which credit has been granted. It contains information about ITC received by an…
The GSTR-2 is a monthly tax report that details your purchases for that month. When you make purchases from registered vendors, the information from their sales returns (GSTR-1) will be…
What is GSTR-5?
Every registered non-resident taxable person must electronically file a GSTR-5 return through the GST Portal.
Non-Resident foreign taxpayers are those who do not have a permanent business presence…
GSTR-2B is an auto-drafted ITC statement prepared for every regular taxpayer based on the information provided by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person), and GSTR-6 returns…
What is GSTR 2A? The GST portal automatically generates GSTR 2A, a purchase-related dynamic tax return, for each business. The information is captured in GSTR 2A when a seller files…
Form CMP-08 was introduced in April 2019 and is effective for the fiscal year 2019-2020. Composition dealers were given a new tax payment process in April 2019 to make compliance easier…
GSTR-4 is a return that must be filed by the taxpayers opting for Composition Scheme on an annual basis. Until FY 2018-19, the return was filed every quarter which got…
Before or at the time of moving goods for supply to the recipient, a registered person must issue a tax invoice. GST invoices for services can be issued before, during,…
If your business is GST registered, you must issue GST invoices to your customers for the sale of goods and services. Your GST-registered vendors will issue you purchase invoices that are GST-compliant.…
Considering a new business venture? When it comes to starting a small business, one of the most important factors to consider is whether you're launching a startup or a small…