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...

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...

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...

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...

What is GSTR 9A Annual Return? GSTR 9A is a simple annual return form which needs to be filed by every assessee registered under the...

The concept of GST, Goods and Services Tax, is not relatively a new one. The concept of a single tax called the Goods and Services Tax...