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FAQ – 10

For determining the eligibility for the GST Audit, do I need to consider the turnover as per the financial statements or I need to compute it separately? It has to be considered separately as the turnover given in the Financial statements is based on the accounting standards and for GST it is based on Aggregate […]

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FAQ – 9

Can a taxpayer take input tax credit after the due date of September month return or filing of Annual Return? No, you cannot take credit of the previous fiscal year after the due date of the September month return or filing of annual return whichever basis on the provisions of Sub-Section 4, Section 16 of […]

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FAQ – 8

FAQ – 8 : A Taxpayer has operations in three different states and his total turnover as per GST in all the three states is Rs 2.25 Crs. Turnover in State A is Rs 2.04 Crs, State B is Rs 14.00 Lacs and turnover in State is Rs 7.00 Lacs. Does the taxpayer has to file GSTR – […]

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FAQ – 7

Under which provision of the GST Act, the audit is required? GST Audit is required as per provisions of Sub-section 5, Section 35 of the CGST Act 2018.

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FAQ – 6

What is Form GSTR – 9C? Form GSTR – 9C is a reconciliation certificate to be filed by the taxpayers whose aggregate turnover in a financial year crosses two crores have to get their books audited by a Certified Cost Accountant or Charted Accountant.

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FAQ 5

Is there any specific form for filing of GST annual return? If yes what are the form names and which taxpayer has to file which form for GST annual return? All taxpayers have to file the Form GSTR – 9 Taxpayers registered under composition scheme have to file Form GSTR – 9A Taxpayers registered as […]

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GST Annual Return

Every registered taxpayer under GST has to file Annual Return by 31st December 2018 for the period July 2017 to March 2018. The same is notified wide Notification No. 39/2018 – Central Tax dated 4th September 2018  It is a summary return to be filed for the transactions which have taken during the above said […]

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Notifications Released on 20th Sep 2018

Two notifications have been issued on 20th September 2018, one for the tax rate for TCS and another for adding an explanation for Serial No 41 of  Notification No 12/2017-Central Tax (Rate), dt. 28-06-2017 Seeks to notify the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for intra-State […]

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Check list to be followed before filing GST Returns for the month of September 2018

One of the main features of Goods and Service Tax is the availability of the Input Tax Credit across the supply chain cycle. This statement provides very soothing sound to the trade and industry but it has certain conditions to be fulfilled to take advantage of this statement. As there is no matching for the time being as the Government has […]

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GST Audit Notified

The much-awaited GST Audit is notified wide Notification No 49/2018-Central Tax ,dt. 13-09-2018

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