In India, The Goods and Services Tax (GST) regime has streamlined taxation but also introduced new documentation requirements. One of the critical documents in the GST registration process is the consent letter. Whether you are renting a commercial property or using a...
GSTR-4 is a crucial Goods and Services Tax (GST) return form for businesses operating under the Composition Scheme in India. But what is GSTR-4 exactly? It’s a quarterly return that GST composition taxpayers must file to report their business transactions. This...
Table of Contents 9 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 Key Authorities Involved in...
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...
Table of contents: Introduction What is GSTR 10, and Why Does It Matter? Who Needs to File GSTR-10? GSTR 10 Due Date and Penalties Documents Required for GSTR 10 Filing Step-by-Step Guide to Filing GSTR 10 Input Tax Credit (ITC) Reversal Common Challenges and...
Table of contents: Introduction Why Section 16 is Important Detailed Breakdown of Section 16 Under CGST Act Eligibility for Claiming ITC Under Section 16 Conditions to Avail ITC Under CGST Act Time Limit for Claiming ITC Under CGST Act Blocked Credits and Restrictions...
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...
Table of contents: Introduction What is GST Payable Calculation of GST Payable GST Payable by Taxpayer Offline Methods for GST Payments How to Pay GST Online What is the time limit for GST payments? Common Challenges with GST Payable Recent Changes in GST Conclusion...
