Types Of Returns To Be Filed Under The GST Regime
All individuals registered under the GST Act has to furnish the details of the sales and purchases of goods and services along with the tax…
Matching GSTR-3B With GSTR-1, GSTR-2
Business Entities are now preparing to file their GSTR-1 returns in full swing, after completion of the filing of GSTR-3B returns last month. The GST council…
Important Due Dates To Remember For The Month Of July & August!
The decision of the GST Committee to allow transitional credit towards discharging tax liabilities of July, the extension of due dates for tax payment & filing of GSTR-3B…
Filing GSTR 3B For The Month Of July & August!
GSTR 3B is a temporary & simpler return that businesses must file in the first two months of GST i.e. in the month of July & August. Taxpayers need to declare only the summary of outward and inward supplies. However, the invoice-wise details in Form GSTR-1 and Form GSTR-2 for July and August will be filed in September.
Know Everything About Goods Transport Agency (GTA) Under GST!
Services provided or agreed to be provided by a Goods Transport Agency (GTA) In respect of transportation of goods by road to: any factory registered…
Everything About Reverse Charge Mechanism Under GST!
Usually, the supplier pays tax on supply. But in this case, the receiver or recipient becomes liable to pay tax which means the chargeability gets…
Mixed Supply Under GST
Mixed supply under GST means two or more individual supplies of goods or services, or any combination, made in conjunction with each other by a taxable…
Composite Supply Under GST
GST Composite Supply means a supply comprises of two or more goods or services, which are naturally bundled and are supplied in with each other in…
Input Tax Credit On Job Work
The principal is eligible for ITC on the inputs and capital goods sent for job work. WHEN INPUTS OR CAPITAL GOODS ARE SENT FOR JOB…