Understanding Demand Notice under GST

Understanding Demand Notice under GST Under the GST regime, the responsibility of assessing the tax liability falls on the taxpayer himself. While self-assessment spares the GST officials from the cumbersome

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Exploring Simplified GST Returns – Taxpayer’s Profile

GST 2.0, a.k.a the Simplified GST Returns is expected to simply indirect taxation for the taxpayers, and provide a boost to the economy in India. But as they say, “Rome

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Procedural Aspects of Sabka Vishwas (LDRS) Scheme

What is Sabka Vishwas – Legacy Dispute Resolution Scheme? Sabka Vishwas (LDRS) Scheme, 2019, a dispute resolution and amnesty scheme under GST, shall come into force from September 1, 2019.

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Sabka Vishwas – Legacy Dispute Resolution Scheme (LDRS)

The Union Finance Ministry, Nirmala Sitaraman introduced ‘Sabka Vishwas-Legacy Dispute Resolution Scheme’ in Union Budget 2019. A 4-month program, Sabka Vishwas aims to reduce the cases under legacy service tax

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Deemed Export under GST

The process of supplying the goods (produced/manufactured in the country) on an international scale is known as Export. Such supply of goods and service contribute to the growth of an

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Casual Taxable Person under GST

The provisions made under GST define a Casual Taxable Person as any individual who transacts goods and services occasionally while acting as a Principal, Agent or in any other capacity

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Composition Form CMP 08 – All you need to know!

April 2019, CBIC introduces form CMP 08 for the composite dealers in India. Form CMP 08 (Replacing form GSTR 4) is a quarterly return form and will be applicable from

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5 Key Changes in New Simplified Returns

The Simplified returns are to be introduced under GST in order to simplify the complexities in the current return system. While the new GST system would be applicable for all

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Inward Supplies and ITC in GSTR 9: Table 6 Explained

Update: 6th July 2019: Clarification on Duplication in Table 6B and 6H:  Many taxpayers have represented about duplication of information in Table 6B and 6H of the annual return. It may

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10 Step Guide to Outward Supply: Table 4 and 5 of Form GSTR-9 Explained

Update: 4th June 2019:Clarifications released by CBIC around GSTR 9 preparation, suggest that: Clarifications regarding Part II of Form GSTR-9 1) In Part II of Form GSTR-9 only the following transactions

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The GST Glossary

The Goods and Service taxation introduced in the country in 2017 is one of the most intricate taxation systems worldwide. And to shift taxpayers from diverse taxation systems like excise,

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How to Fill GST ANX-1: Simplified GST Returns

The new – simplified GST return system is expected to be introduced, mandatorily, onto the current GST Returns system of India in the month of October, 2019. As per the

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