Friday, September 24, 2021

GST – system failure

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Finance Minister Arun Jaitley  said that the Goods and Services Tax was a reform that would end harrassment of taxpayers and will result in a more transparent and simplified system. The implementation of the GST, he said, was crucial for the economic...
Rate of tax under GST on expenses debited to Trading Profit & Loss A/c Sr. No Nature of Expense Rate of Tax Whether registered supplier will levy tax Reverse Charge(If supply is unregistered) Whether Eligible for Input Credit 1 Salaray, wages & bonus paid to employee 0% No No No 2 Electricity bill 0% No No No 3 Water...
Rate of tax under GST on expenses debited to Trading Profit & Loss A/c Sr. No Nature of Expense Rate of Tax Whether registered supplier will levy tax Reverse Charge(If supply is unregistered) Whether Eligible for Input Credit 1 Salaray, wages & bonus paid to employee 0% No No No 2 Electricity bill 0% No No No 3 Water...

HOW TO PAY GST ONLINE

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In this article, we will go through the GST Payment module of the GST portal. Through this portal, you can pay your taxes without any professional help. Step 1 – Login to the GST Portal. Enter your username, password, and captcha code Step 2 – Once you...
August 2017 is a very crucial and important month for every tax payer, as this is practically the first month everyone has to file a GST return for the supplies made during the month of July 2017. Form GSTR-3B was...
Important points to be remember for filling GSTR-1 Its time to file GSTR-1 first time. So before filling or when you are filling the GSTR 1  followings points to be take care so that your return will be filled within...

Q WHAT IS CGST ?

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On this blog we have already talked about GST – Introduction and Working and this article is based on Central Goods and Services Tax, which is one of the 3 categories under Goods and Services Tax (CGST, IGST and SGST) with a concept of one nation one tax. It falls...

Benefits of GST

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GST Benefits – Advantages of Goods and Services Tax Bill in India   Updated on Aug 04, 2017 - 03:22:26 PM The Goods & Service Tax or GST is one of the biggest fiscal reforms in India since Independence. All businesses, small...
August 2017 is a very crucial and important month for every tax payer, as this is practically the first month everyone has to file a GST return for the supplies made during the month of July 2017. Form GSTR-3B was...
Please note following *changes in your Income Tax Profile* from today. You may be required to update your Mobile Number and Email Address in your Income Tax Profile upon Login: 1. Now you need to provide your *own email address + your...