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...

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...

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...

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...

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...

Goods and Services Tax (GST) is an indirect tax implemented in India and applicable to the supply of goods and services. GST is a...

A partnership firm is a simple and convenient way to start a business with two or more people. A partnership firm does not need to...

Distinct persons refer to individuals with distinct GST Identification Numbers (GSTINs) associated with a single legal entity (single...

The Goods and Services Tax (GST) is a comprehensive indirect tax merging different central and state taxes and levies on the supply of...