What is GSTR-9C return? GSTR 9C is an annual audit form a.k.a. reconciliation statement released by the government on 13 Sep,2018. As the...

GST is Goods and Services Tax which is an indirect tax that is imposed on supply of goods and services. It consolidates all the taxes at...

While it is mandatory to get registered under the GST Act for people having an annual turnover exceeding Rs.20 lakhs, individuals can...

A user faces many issues relating to settlement, disclosure etc of Input Tax Credit (ITC) at the time of GSTR 9 Annual Return Filing. We...

Whether credit availed at the time of migration from composition scheme to normal scheme has to be separately disclosed in the Annual...

What is Bill of Supply ? Tax Invoice is issued in case a registered person is supplying taxable goods or services or both and also charge...

GST is a destination-based consumption tax i.e. the tax is levied on the consumption of supply at the destination or at the point of...

The annual turnover of a business refers to the overall revenue generated from its sales and supplies throughout a fiscal year. This...

While making various transactions errors may take place. For reconciliation of these errors debit notes or credit notes are required as...

Letter of undertaking is the document that the user provides declaring the fulfillment of all the requirements under GST for exports...

E-invoicing has become an important aspect of the compliance requirements for GST in India. There have been various amendments to the...

The introduction of the biggest indirect taxation reform in India namely Goods and Services Tax (GST) has impacted the functioning of all...

A pro forma invoice under GST is a document made before the actual sale of goods or services. This document is issued by the retailer or...

Suo moto cancellation of GST registration refers to the cancellation of GST registration under the GST Act by the tax officer in his...

What is the meaning of Composition Scheme under GST? Composition scheme is an alternative taxation levy under GST. It is an optional...

GST (Goods and Services Tax) is more than a year old now and right from its inception we have seen a lot of changes and amendments in the...

The Central Government notified the much-awaited indirect tax reform in India i.e., Goods and Services Tax (GST) with effect from 1st...

GST is a destination-based consumption tax which has been implemented in India w.e.f. 1.7.2017. The law is designed and implemented in...

The Goods and Services Tax (GST) in India is a broad-based indirect tax imposed on the supply of goods and services. It has replaced many...

GSTR-9 is an annual return to be filed by registered taxpayers under the Goods and Services Tax (GST). Since it is an annual return it is...