Celebrating 2 years of GST

GST celebrated its second birthday on 1 July, 2019 and we have more than one reason to cheer. The two years of implementing and evolving the gigantic law has made us all learn a lot of things about businesses and taxation and the impact that these create on the economy. Initially where the launch of …

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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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GST: Simplified Returns Format

The key features and the new format of the GST returns were approved in the 28th GST council meeting on 21st July 2018. The Note on Simplified returns contains 15 sections dealing with various return formats, applicability of forms, instructions to fill the forms, amendments to returns and payment of taxes etc. The sections outline …

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Simplified guidelines to file GSTR 1, 2 and 3

GST returns guidelines

GST is a destination based consumption tax which means that revenue will be accumulated from the state where goods/service is consumed. Filing GST return is an important link between taxpayer and tax administration as it is crucial for: Compliance verification program of tax administration Providing necessary inputs for taking the policy decision Audit management and …

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