Ever since GSTR-9 & GSTR-9C forms have been released by CBIC, there has been persistent confusion surrounding who must file these forms and whether the details required for both are the same or not. But not any more! This article provides you a quick comparison of GSTR-9 and GSTR-9C. Quick comparison of GSTR-9 & GSTR-9C Points of comparison GSTR-9: Annual Return […]
Quick comparison of GSTR-9 & GSTR-9C Read More »
What is GSTR 3B? GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed, and net tax payable in GSTR-3B. “A separate GSTR-3B must be filed for every GSTIN” The GST liability must be paid on or before the
GSTR-3B:- Return Filing, Eligibility, Rules, Due DatesGSTR-3B:- Read More »
What is GST Registration Under Goods And Services Tax (GST), businesses whose turnover exceeds the threshold limit of Rs.40 lakh or Rs.20 lakh or Rs.10 lakh as the case may be, must register as a normal taxable person. It is called GST registration. For certain businesses, registration under GST is mandatory. If the organization carries on business
GST Registration: Complete Process with Documents required Read More »
What is a Tax Audit? There are various kinds of audits being conducted under different laws such as company audit /statutory audit conducted under company law provisions, cost audit, stock audit etc. Similarly, income tax law also mandates an audit called ‘Tax Audit’. A tax audit is the process of verification and inspection of the
TAX AUDIT AS PER INCOME TAX ACT,1961 Read More »
