Payment & Refund with GST

Website Payment & Refund with GST Table of Contents Current GST return filing mandates that, after submitting GSTR-1 to record sales, one file GSTR-3B to report the ITC and make the requisite GST payment each month. If a refund is necessary, it can be obtained by completing the appropriate refund paperwork. What are payments to […]

SGST, CGST, IGST and UTGST

Website SGST, CGST, IGST & UTGST Table of Contents The central government will collect CGST, SGST, or IGST depending on whether the transaction is intrastate or interstate under the GST law. When goods or services are supplied within a state, this is referred to as intra-state transactions, and both the CGST and SGST are collected. […]

GST: The Fundamentals

Website GST: The Fundamentals Table of Contents GST has been well-received. A new law has been proposed in India that will change the way individuals do business and how goods and services are taxed. Nobody can say whether it lowers the cost of goods for ordinary people like you and me. However, this will have an […]

GST Accounts & Records

Website GST Accounts & Records Table of Contents Multiple tax levies have been replaced by a single GST tax under the GST regime. This has resulted in significant changes in the accounts that business owners must keep track of. Previously, you would have kept separate accounts for VAT, excise, CST, and other service taxes, each […]

Business Compliances: GST Registration & Mandates.

Website Business Compliances: GST Registration &  Mandates. Table of Contents For a business to start functioning there are few mandates & requirements for GST registration process. Before reaching the consumer, every product passes through several steps in the supply chain. The lack of total understanding, along with the GST structure, has instilled a dread of […]

GST Analysis and Opinions

Website GST Analysis & Opinions Table of Contents The Government of India implemented GST in the hopes of simplifying the country’s tax structure compared to the previous regime. GST’s primary goal is to create a single taxing system and remove most of the indirect taxes and combine them in different tax slab under the GST […]

GST Payment

Website GST Payment Table of Contents Current GST returns filing requires that, after filing GSTR-1 to report sales, one file GSTR-3B to report the ITC and make the necessary GST payment each month.  Payments What are the GST payments to be made? The tax to be paid under GST is primarily divided into three categories […]

Form 10BD : Tax Rebate on Donation & Charitable Trust

Website Form 10BD : Tax Rebate on Donation & Charitable Trust Table of Contents Latest News and updates on Form 10BD: Goods and Services Tax was introduced in India w.e.f. 1st July 2017. Change is a constant process in today’s world. We need to be constantly updated on the changing rules and tax benefits. Lets […]

Form CMP-02: A Guide

Website Form CMP-02 Table of Contents Form GST CMP-02 is an online application form required for each taxpayer who is enrolled as a regular taxpayer under GST. This form must be submitted to the GST site before the start of the fiscal year for which the option to pay composition tax is exercised. A new […]

GST Registration Process

Website GST Registration Process Table of Contents GST registration is available through the GST portal. To apply for GST registration, use Form REG-01 on the GST portal and follow the steps outlined. GST Registration: Part A- 8 components.  Step 1: Go to the GST website. Select Services. After that, go to the ‘Registration’ menu and select ‘New […]