GST Updated News

GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, and clarification (on Goods). The decisions of the GST Council have been presented in this note for easy understanding. The same would be given effect to through Gazette notifications/ circulars which shall

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All About GSTR 9 -ANNUAL RETURN FILING

1. What is GSTR 9? GSTR-9 is an Annual Return to be filed by the persons registered under the GST including those registered under composition scheme. It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST, SGST and IGST. It consolidates the information furnished in the

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What to do if your last GSTR-3B has errors?

Made an error in GSTR-3B Yesterday was the last date to file your GSTR-3B for September 2018. This was also the last opportunity to claim any leftover ITC, or report sales missed earlier or make sure those who sell to you have reported it properly. In case you’ve committed a mistake in filing this GSTR-3B,

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Impact of TCS on sellers- Purpose of Introduction of TDS on GST

TDS must be deducted where total value of supply exceeds Rs 2.5L. This only applies where the payer is a government entity (central and state govts, local authority, govt agency) or those notified by the govt as GST Council may suggest from time to time. Is TDS on GST 1% or 2%? 1% TDS is required

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Advisory for Taxpayers to file Refund for Multiple Tax period – under GST

Refund application filing for multiple tax period is available for below grounds of refund: Export of Goods & Services-Without payment of Tax Export of services with payment of tax Supplies made to SEZ Unit/SEZ Developer-Without payment of Tax Supplies made to SEZ Unit/SEZ Developer-With payment of Tax ITC accumulated due to an inverted tax structure