June 22, 2020
Outward Supplies under GST & their reporting plays a very major role for both the Supplier & the Receiver while filing GST Returns.The introduction of the New GST Return System has brought changes & additions to the existing reporting pattern of outward supplies.These Changes will have a variety of effects on Businesses.All this & more
June 22, 2020
Table of Contents Know when you can apply for GST export refund for your business & How to get GST refundWhat is GST Refund under Exports & How does it work?There are two ways in which Exports can be carried out in India with respect to GST-Refunds under GST Export : Basic detailsWhat is Form
June 2, 2020
The New GST Return System will inaugurate in October 2020 as per the decision of the 39th GST Council Meeting held on March 14th, 2020.The changing system also has impacted various components of the Existing System. The introduction of new forms will also change the reporting of various miscellaneous transactions.Let us understand what changes are
June 1, 2020
What is RCM under GST? Reverse Charge Mechanism or RCM under GST is the payment of Taxes in a reversed cycle that is directly through the recipient to the Government. The Working of reverse charge is tricky & technical involving multiple conditions.We have created a detailed guide on the working of the Reverse Charge Mechanism
May 26, 2020
Article CoversBackground of the MSMEs & the MSME Act 2006Introduction to the GST Regime & its impact on MSMEsIntroduction to New GST Returns & the Revised Forms New GST Return System- What’s in it for the MSMEs?-Anticipated BenefitsAnticipated IssuesConclusion Watch video on Importance of Form GST REG-06 Background of the MSMEs & the MSME Act 2006The
May 21, 2020
Introduction In its 31st GST Council Meeting, which was held in December 2018, the GST Council proposed the idea of a new system of GST Return filing.This system of Return filing was supposed to be implemented at the beginning of this year. But the date of implementation got extended from April 2020 to October 2020.The