Customer Care
askus@india-gst.in

Change or Perish: New Year – New Resolutions in Business

The new year is around the corner, and we normally come across resolutions adopted by the people for the beginning. Now the same has intruded into the business, especially from the GST perspective. It is the time for the business to take resolution and then take it forward else the entrepreneur cannot reach his goals. […]

Read More

FAQ’s on IFF

1. What is Invoice Furnishing Facility (IFF)? Invoice Furnishing Facility (IFF) is a facility provided to quarterly taxpayers to file their details of outward supplies in first two months of the quarter (M1 and M2). The facility will be similar to FORM GSTR-1 but will allow filing for only following tables: 4A, 4B, 4C, 6B, […]

Read More

Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme

An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. Taxpayers who have opted for quarterly filing frequency under the scheme can file their details of outward supplies (B2B invoices only) […]

Read More

e-invoice data auto-population to GSTR-1

To provide better user experience at the same time to curb the tax evasion, e-invoice is introduced from 1st Oct 2020 for taxpayers having turnover above Rs 500 Crores. Now the same is extended to taxpayers having turnover above Rs 100 crores from 1st Jan 2021 and which will be further expanded to all B2B […]

Read More

e-invoicing

Goods and Service Tax has been rolled out from 1st of July 2017 and has completed two years. During this period there were many changes introduced as part of the tax ease of doing business and also to curb the menace of tax evasion. Once such measure to curb tax evasion is the introduction of ewaybills. As a next step now, […]

Read More

27th GST council meeting discusses change in GST rate for digital transactions and imposition of Sugar Cess

Incentive to promote Digital Transactions:   Keeping in view the need to move towards a less cash economy, the Council has discussed in detail the proposal of a concession of 2% in GST rate [where the GST rate is 3% or more, 1% each from applicable CGST and SGST rates] on B2C supplies, for which […]

Read More

GST Council unveils new, simplified return filing process

The GST Council on Friday unveiled a new simplified return that would require a taxpayer to file only one return every month and set a period of six months for the transition to take place. “It will take about six month for GSTN to prepare for it so for that period the current arrangement of […]

Read More

GST Tip – 248

As per the GST Returns Final Formats, in Table 9 of the GSTR – 1, all the debit notes, credit notes, refund vouchers issued for the supplies made for the earlier period has to be shown here. The documents for the B2B and B2C will be shown here.

Read More

GST Tip – 247

As per the Final GST Returns Formats, in table 8 of GSTR – 1, supplies for the month has to be classified as Nil Rated, GST Exempted and Non-GST Supplies have to be shown at a summary level for  B2B and B2C for interstate and intrastate.

Read More