The Goods and Services Tax (GST) revolutionized India’s taxation system in 2017. It aimed to simplify and unify the country’s complex tax structure. Within this framework, Section 74 of the Central Goods and Services Tax (CGST) Act plays a crucial role in...
Table of Contents Types of GST registration Register as Normal taxpayer Registration under Composition scheme Casual taxable person Non-Resident taxable person Input Service Distributor (ISD) Special Economic Zone (SEZ) developer/unit E-Commerce operators Tax...
Table of contents: What is MUKY Objectives of the MUKY Key features Who can apply? What banks come under this scheme? Application process Benefits of the scheme Challenges and solutions Impact of the scheme Comparison with other schemes Conclusion The Mukhyamantri...
Table of Contents Why GST number Verification is Important? Process to Verify GSTIN number Online How to search for GSTIN with PAN details? How to Understand a fake GST number? Benefits of verification to businesses Common mistakes to avoid Legal Implications Case...
Table of Contents What is Supply Under GST? Key Aspects of a Taxable Supply Under GST Importance of Accurate Supply Classification Components of Supply Under GST Classification of Supplies Under GST Scope of Supplies Under GST Conclusion The Goods and Services Tax...
Table of Contents: What is the QRMP Scheme? Eligibility Criteria for QRMP Scheme Benefits of the QRMP Scheme Exercising the Option of QRMP Scheme How to Calculate Tax Under the QRMP Scheme? Interest Under QRMP Scheme Late Fee Under QRMP Scheme Due Dates for Quarterly...
Table of Contents: Understanding Levy of GST Types of GST Levies Collection of GST Understanding Section 9 of the CGST Act GST Collection and MSMEs: Challenges faced and Solutions Statistical Analysis GST Compliance for MSMEs Conclusion The Goods and Services Tax is a...
Table of Contents Understanding Assessment Under GST Importance of Assessment Under GST Types of Assessments Under GST Self-Assessment Provisional Assessment Scrutiny Assessment Summary Assessment Best Judgment Assessment Assessment for Non-filers Common Mistakes to...
If you own a business in India and want to close or stop your Goods and Services Tax (GST) registration, you need to take one last important step: file GSTR 10, your final GST return. This complete guide will tell you everything you need to know about GSTR 10, from...
Table of contents: What is ‘Section 16 of CGST Act’? Section 16: Eligibility and Conditions for ITC Eligibility Criteria Ineligibility conditions other conditions Amendments and new clauses Section 16 (2) of CGST Act Section 16 (4) of CGST Act FAQs Section...
Table of contents: An overview Understanding interest on GST late payment Applicability Scenarios GST late fee calculation Interest on late fees Penalties How to pay GST late fees and interest As a GST registered business. you probably already know that under the GST...
GST payables are required when as a taxpayer you have to make payments for GST. This can be done offline or online on the GST portal. This can be related to GST refunds, filing of returns on a monthly/quarterly basis, or any late fees and interest on GST payables, or...
As a registered GST taxpayer, you will have to file GST returns on a monthly/quarterly basis to stay GST compliant. But, to ensure that your filing has been successful, or the stage it is in, you must also check GST return status. This will ensure that you have not...
