ASP Solution

New GST Returns: Sahaj and Sugam

The new GST simplified Return forms launched by the CBDT are of 3 types. Sahaj Return forms, Sugam Return forms and GST Return forms for normal taxpayers. The forms have been categorized based on the tax payer categories they will be applicable for. Out  of these the Sahaj and Sugam forms are the GST Return …

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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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Reconciling GSTR 1 with GSTR 3B

When it is time to file ITC claims, businesses get busy making sure that the invoices they have filed on GSTN match with the GSTR 2A and that there are no mismatches in GSTR 1 and 3B records as well. This is important so that the ITC claims are not rejected ad they don’t receive …

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