GST Payment 5 key Points about GST Payment :- The electronic tax liability register, electronic credit ledger and electronic cash ledger will be maintained on the common portal for every registered person. The electronic tax liability register shall be debited with amount of tax, interest, late fee, mismatch in credits, etc. It shall be credited… Read More »
GST Payment Formats Final GST Payment Formats GST PMT 1 to GST PMT 7 to as per Final GST Payment of Tax Rules approved by GST Council 18.05.2017 Download Final GST Payment Formats Sr No Form No Title of the Form 1 GST PMT 1 Electronic Liability Register of registered person (Part–I: Return related liabilities… Read More »
Flow chart GST e-Registers e-Tax liability, e-Cash Ledger,e-Credit Register What are E-Ledgers under GST? Ans. Electronic Ledgers or E-Ledgers are statements of cash and input tax credit in respect of each registered taxpayer. In addition, each taxpayer shall also have an electronic tax liability register. Once a taxpayer is registered on Common Portal (GSTN),… Read More »
Input Tax Credit Mismatch under GST of India Flow Chart of Input Tax Credit Mismatch under GST Process of Intimation of Input Tax Credit Mismatch under GST Any discrepancy in the claim of input tax credit in respect of any tax period, shall be made available to the registered taxable person making such claim and… Read More »
Key Points of GST Return -(India) General Key Points about GST Return The registered taxable person is required to file details of outward supplies in Form GSTR-1 electronically. The recipient will receive GSTR 2A on the basis of details furnished by supplier in GSTR 1. The recipient will file details of inward supplies in GSTR… Read More »
5 Key Points about GST Registration in India The application for GST registration will be made online either directly on the GSTN Portal or through Facilitation Centres. The proper officer will examine registration application and grant registration within 3 common working days. If the application is found deficient, then applicant will be intimated within 3… Read More »
GST Invoice Key Points about GST Invoice Details in GST Invoice :-Supplier needs to mention following details in invoice if recipient is unregistered and taxable value of supply is Rs 50,000 or more: ➢ Name and address of recipient; ➢ Delivery address along with the name of State. Place of Supply :- Every invoice should… Read More »
Compulsory Registration under GST Compulsory Registration under GST ( CGST Act 2017 of India ) Compulsory Registration under GST in India is required as per Section 22 and Section 24 of CGST Act 2017. Section 22 of CGST Act 2017 Explains Persons liable for registration and Section 24 of CGST Act 2017 explains Compulsory registration in certain cases. with graphical presentation which are as follows… Read More »
Cabinet approves amendments to the HIV and AIDS (Prevention and Control) Bill, 2014 The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval to introduce official amendments to the HIV and AIDS (Prevention and Control) Bill, 2014. The HIV and AIDS Bill, 2014 has been drafted to safeguard the… Read More »
Service tax assessment under GST: Technical committee to iron out differences, hold meetings After differences cropped up between Centre and states regarding the administrative control of service tax assessees in the second meeting of GST council on Friday, a technical committee of officers will now hold a series of meetings, beginning with one later this… Read More »