GSTR 9C and CYGNET ACE

What is GSTR 9C? GSTR 9C is a reconciliation statement between the GSTR-9, the Annual return of GST and the Audited Financial Statements (AFS). This reconciliation is aimed to verify the correctness of the balances as lying in the audited books of accounts with the figures as mentioned in the GSTR-9 Annual Return. Under GST, a …

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GSTR 9 Filing Made Easy by Cygnet GSP

Annual Return filing has been the topic of discussion with the date of filing approaching fast. GSTR 9 – Annual return is technically a summary return that needs to be filed after the year end and summarises the entire year’s returns filed. An elaborate return that it is, it’s divided into several sections that need …

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How have E-way bills changed the way we transport goods

As per the GST requirements, transporters need to carry E-way bill with them while transporting goods in case of inter-state transports. A person registered under GST cannot transport goods worth more than Rs.50,000 without generating an E-way bill on ewaybillgst.gov.in. In most cases, supplier needs to generate an E-way bill. However, in cases where the …

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GSTR forms and their applicability

GST is already 1.5. years old and there have been many challenges as well as changes in the law and implementations. In this article, we shall run through the snippets of all GSTR forms, simplified GST returns and their applicability. GSTR forms are designed in a manner to capture the entire sales cycles and make …

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