GST was introduced to simplify indirect tax system in India and to meet the concept of one nation one tax. It has to some extent simplified indirect tax laws by subsuming various previous tax laws in it. However, the large number of returns to be … [Read more...]
How to File GSTR 3B in 8 easy steps
GSTR 3B online filing is easy process provided you have all the details for supply of goods/services. In this article I have explained how to file GSTR 3B online in easy steps. Steps to file Gstr-3B return online GSTR- 3B is simple and easy to file … [Read more...]
GSTR 3B- Purpose, Applicability & Due Date
GST was introduced to simplify indirect tax system in India and to meet the concept of one nation one tax. It has to some extent simplified indirect tax laws by subsuming various previous tax laws in it. However, the large number of returns to be … [Read more...]
Reverse Charge under GST- A Guide
In normal case, under GST Law a supplier of goods & services charges GST on outward supplies made by him. But government has listed several services and goods for which the recipient needs to pay the GST. Under this article I have covered most of … [Read more...]
Reimbursement under GST-Taxability & Treatment
GST is chargeable on supply of goods and services. There are some payments/receipts which are reimbursement of expenses in relation to supply of the main service/goods. In this article we are discussing whether such reimbursement will attract GST or … [Read more...]
GST Compensation Cess- A Guide
GST is a consumption based tax i.e. tax is chargeable on consumption of goods and services. It means revenue for this tax is generated in place where the goods & services are consumed. For this instance the states that where the major … [Read more...]
All About TCS Under GST
This article will explain provisions of TCS under GST act. TCS was initially a part of income tax act, but later in year 2018 it was introduced in GST Law. TCS is collected as a percentage of tax from the buyer on specific transactions and deposited … [Read more...]
TDS Under GST-A Complete Guide
In this article I will explain all details related to TDS under GST Law. Originally, TDS concept is part of the income tax act, where it is required to deduct TDS under different heads like Rent, salary, professional receipt etc. Later in year 2018 … [Read more...]
How to Calculate GST
GOODS AND SERVICE TAX [GST] is an indirect tax applicable in India, with effect from 1st July 2017. GST is one indirect tax which was introduced with the motto of ‘One Nation One Tax’ to be charged on the supply of goods and services for domestic … [Read more...]
Composition Scheme Under GST
The composition scheme under GST is the scheme that allows the tax payers to choose between the standard taxation or an alternative method of computing tax payable by them. The scheme is specifically designed for the small business owners who have … [Read more...]