October 8, 2020

Form ITC 04 Job Work: Section 19 of the CGST Act, 2017 defines provisions for input tax credit on job work under GST. Read our guidelines.Content TableWhat is Job Work?Input Tax Credit on Job Work Time limit to receive Goods from Job worker Direct Sale from Job Worker’s Place  Records to be maintained by the Principal

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October 8, 2020

Content TableWhat is GSTR-7?Who is required to deduct TDS and file GSTR-7?When and how much is TDS required to be deducted?When shall TDS not be deducted? Due Date for filing GSTR-7 Penalty for Non-Compliance TDS Certificate Details to be provided in GSTR-7 What is GSTR-7? GSTR-7 is required to be filed by every person who

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October 8, 2020

Content TableIntroductionWhat is a Form GST CMP-08 ?Who can file Form CMP 08 ?GST Tax Rate for Composition Dealer under GST Due Date, Interest and Penalty Steps to File Form GST CMP-08 Introduction Form CMP-08 under GST was introduced vide Notification No. 20/2019 dated 23rd April, 2019. Further, amendments were made to CGST Rules by

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January 14, 2020

Table of Contents e-Invoicing Applicability under GSTWhat is E-Invoicing?E-invoicing Applicability in GSTMyths & Facts About E-invoicingSteps for E-Invoice Generation ProcessImportant Terms and PointsBenefits of E-invoicingModes of Generation of E-InvoiceGenerate complete and ready-to-use e-Invoices in just 1-click ! In the 37th GST Council Meeting held on 20th September, 2019, decision was made to implement e-invoice. Further, in

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December 20, 2019

On 18th December, 2019, Wednesday, 38th GST Council Meeting was held in New Delhi under the chairmanship of our Hon’ble Union Finance Minister Nirmala Sitharaman.  Some major decisions were taken in the Council meeting that shall affect the business were as follows – File GSTR-9 in 10 Minutes |Watch video for step by step process

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December 2, 2019

Under GST, valuation of taxable supply is a critical aspect. While value of supply under GST has various points need to be considered and one such area is GST discounts and its treatment.A lot of confusion among businesses and CA’s regarding treatment of various GST on discounts received by a business.With regard to this, a

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