Gst Returns Related Articles

Jun - 2024

14

Form CMP 08 for GST Composition Scheme

Form CMP 08 for GST Composition Scheme

Form CMP 08 for GST Composition Scheme Form CMP 08 is a vital quarterly return form introduced for taxpayers who have opted into the GST Composition Scheme. Effective from the fiscal year 2019-2020 onwards, this form is designed to simplify the tax filing process for small businesses by allowing th ...

Mar - 2024

22

GST Compliance: Year-End Checklists

GST Compliance: Year-End Checklists

GST Compliance: Year-End Checklists With the end of the fiscal year approaching and the onset of a new one, it's imperative for companies to engage in several activities related to the Goods and Services Tax (GST) to remain compliant and enhance efficiency. These activities, including registering, ...

Oct - 2023

09

Types of GST Returns

Types of GST Returns

Types of GST Returns The Goods and Services Tax (GST) regime has been a significant overhaul of India's indirect tax system. It has simplified taxation and made compliance more accessible for businesses across the country. One of the crucial aspects of GST compliance is GST return filing. There are ...

Feb - 2023

02

Interim Highlights of the Union Budget 2023-2024

Interim Highlights of the Union Budget 2023-2024

Interim Highlights of the Union Budget 2023-2024 Finance Minister Ms.Nirmala Sitharaman presented the Interim Union Budget 2023-24 on February 01, emphasizing the rural sector, social sector schemes, infrastructure creation, and the middle class. In this article, we will look at the highlights of t ...

Jul - 2022

29

Proposed Changes in GST Returns 2022

Proposed Changes in GST Returns 2022

Proposed Changes in GST Returns 2022 To increase taxpayer convenience, the CBIC has proposed to make certain changes or disclosures in the GST returns. The CBIC has also proposed a separate amendment table in GSTR-3B to display the changes made by the taxpayers in GSTR-1, which contains details of ...

Feb - 2022

05

New Functionalities for Taxpayers on the GST Portal - January 2022

New Functionalities for Taxpayers on the GST Portal - January 2022

New Functionalities for Taxpayers on the GST Portal - January 2022 The Goods and Service Tax Network (GSTN) has issued an update to provide details of new functionalities implemented on the GST Portal for taxpayers in January 2022. In this regard, a document has been issued. These functionalities ...

Sep - 2019

23

GST Annual Return NOT Required

GST Annual Return NOT Required

GST Annual Return NOT Required The GST Council in its 37th meeting announced that GST annual return is not required for small businesses with a turnover of less than Rs. 2 crores. The relaxation is applicable for financial years 2017-18 and 2018-19. Filing of GSTR-9 for taxpayers whose aggregate tu ...

Sep - 2019

10

New GST Return

New GST Return

New GST Return Taxpayers in India who are paying the Goods and Services Tax (GST) will benefit from the new, simplified GST return system unveiled by the central government a few months ago. Taxpayers will soon switch to a set of simpler return Forms, which will offer greater efficiency and conveni ...

Nov - 2018

21

Export to Excel Feature in Returns Offline Tool

Export to Excel Feature in Returns Offline Tool

Export to Excel Feature in Returns Offline Tool The GSTR 2 return file can be downloaded from the GST portal and viewed in the GST Returns offline tool to modify the invoice details uploaded earlier on GST Portal. The taxpayer can export these records to excel file and take action such as edit, rej ...

Nov - 2018

17

Filing of Form GST ITC-03

Filing of Form GST ITC-03

Filing of Form GST ITC-03 Form GST ITC-03 is filed by a taxpayer who is liable to pay an amount that is equal to the input tax credit through cash ledger or electronic credit. This form is filed under certain circumstances when the input tax credit that has been availed has to be reversed. Input Ta ...

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