April 2, 2021
Table of Contents Stages of GST refund process & How to track GST refund statusStages of how to track GST refund statusSteps to track the GST refund status via GST portalSteps to track GST refund status on account of IGST paid on export of goodsSteps to track the bank account validation via PFMS portalRelevant Frequently
March 10, 2021
Since, the implementation i.e. 1st July 2017, Goods and Services Tax (GST) has undergone a wide amount of changes. Notably, the government is taking immense steps to completely digitize the process and auto-populate the details/ returns /GST Registration process as much as possible. Due to digitization and auto-population, post GST registration, the registered taxable person needs
February 26, 2021
Table of Contents Coverage of the term capital goods as per GST lawProvision of ‘supply’ in connection with the capital goodsThe different possible situation with regard tothe sale of capital goodsAmount of GST (tax) payable on the sale of capital goods:File your GST returns in minutes, not hours! Due to the complex provisions prevailing under the
February 15, 2021
India’s first-ever digital budget 2021 was presented by the Finance Minister, Smt. Nirmala Sitharaman, on 1st February 2021.The present article covers the analysis of ‘Goods and Services Tax’ amendments as proposed vide the Finance Bill, 2021.Budget 2021 | CENTRAL GOODS AND SERVICES TAX ACT, 2017 Retrospective expansion in ‘scope of supply’ [new clause (aa) to
February 4, 2021
There are many GST invoice rules under CGST ACT. for example IFF in GST. IFF full form in GST is Invoice Furnishing Facility . IFF enables the small registered person, furnishing the quarterly Form GSTR-1, to file their invoice details on monthly basis. Notably, ‘Invoice Furnishing Facility’ is made effective from 1st January 2021. The present
January 29, 2021
Form GSTR-3B is a return summarizing GST liability of the registered person for a specific tax period.Provisions of section 39(1) of the CGST Act, 2017 and rule 61 of the Central Goods and Services Tax Rules, 2017 governs the GSTR-3B filing.Watch video on GSTR-3B Filing with maximum Input Tax Credit Recently, both the above provisions