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Category: GST Tips

GST TIP – 432

As per Notification No 6 – Central Tax, the late for the filing of GSTR – 5A is Rs 25 per day in case of regular returns and in case of Nil returns is Rs 10 per Day.

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GST TIP – 431

As per Notification No 5 – Central Tax, the late for the filing of GSTR – 5 is Rs 25 per day in case of regular returns and in case of Nil returns is Rs 10 per Day.

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GST TIP – 429

As per Notification No 3 – Central Tax, a new section has been added in FORM RFD-01 for claiming of Refund for “Exports made to SEZ unit or SEZ Developer (on payment of tax)”.

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GST Tip – 423

As per Notification No 3 – Central Tax, every transporter who carries the goods have to carry the goods with a tax invoice or a bill of supply along with the goods where there is a requirement to carry the e-waybills .

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GST Tip – 422

As per Notification No 3 – Central Tax, The CGST rate for the manufactures has been reduced to 0.5% to 1%.

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GST Tip – 421

As per Notification No 3 – Central Tax, Taxpayers who are registered in the erstwhile tax regime can cancel their registration number by 31st Match 2018 against the olden date of 31st Dec 2017 as per rule 24, in sub-rule (4)

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GST Tip – 420

As per Notification No 3 – Central Tax, Person taking registration under composition scheme has to file Form ITC-03 within 180 days from the date of taking registration under composition scheme. Replacing old provisions of 90 days in Sub-rule 3(a) of rule 3 of CGST Act.

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GST Tip : 419 – ITC Reversal

If the supplier of goods or service is not paid within 180 days of the issue of the tax invoice, the recipient has to reverse the ITC availed and show it in the GSTR – 3B of the December 2017 to be filed by 20th January 2018. This provision is similar to the provision we […]

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E-waybills in GST

Central E-waybills are mandatory from 1st of Feb 2018 for all interstate transactions. It is optional for the taxpayers from 16th Jan 2018. The E-waybills has to be generated online only and we can have the following four options Web-based  Bulk Generation  SMS API Form 1st of Feb 2018, the taxpayers need not go to […]

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GST Tip – 418

Table 6A  of FORM GSTR – 1 is enabled for taxpayers only for claiming the refund of taxes paid on exports or claim refund of the input tax credit for exported goods if FORM GSTR – 1 is not filed during the month the refund is being applied.

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