GST audit for 2020-21 is to be submitted in GSTR 9C the last date is 31st December 2021. Earlier, Government looking at the hardship of Taxpayers have decided to give GST audit extension to 31st December 2020 from 31st October
Complete Guide to Form GSTR-2B
What is the new Form GSTR-2B in the gst portal? GSTR-2B is an online auto-computed Input Tax Credit statement. This form will show availability of input tax credit to the taxpayer against each document filed by his suppliers. It can
Casual Taxable person in GST
A person is casual taxable person in a particular State if he occasionally undertakes supply from there when he does not have a fixed place of business. Who is a Casual Taxable person in GST? • Transactions are undertaken occasionally
TDS under GST
What is TDS mechanism means under GST? Tax Deduction at Source (“TDS”) means a person making payment or crediting to the supplier’s account for supply of taxable goods or services or both is required to deduct GST at source if
Job Work under GST : Complete guide
What do you mean by Job work in GST? For work to be treated as Job work under gst following conditions needs to be satisfied: Two Persons – Principal and Job worker The goods should belong to another GST registered
Advance Ruling under GST
An Advance Ruling under gst mechanism is sought when there is confusion regarding the law. Advance ruling helps the applicant in planning his activities, which are liable for payment of GST, well in advance. Seeking an advance ruling is inexpensive
GST on Directors Salary
The rate of GST on directors salary or remuneration is 18%. Tax liability needs to be discharged by company on Reverse charge basis. So directors’ don’t need to take gst registration. Is reverse charge is applicable for all the directors’
9019 HSN code, GST Rates on Medicines and Ventilators
GST rates on Ventilators and PPE kits GST rates on Medicines is 5% GST rates on Ventilators is 12% GST rates on Masks is 5% GST rates on Testing kit is 12% GST rates on PPE kit costing above Rs
GST Registration – The complete Guide
What is GST registration? GST Registration under the GST Law of business entity means getting a unique number from the tax department for the purpose of collecting tax on behalf of the government from the customers and also to avail
GST on Transportation: trucks, Rail, Cargo, Renting, Warehousing….
Following are some basic answer to the queries relating to GST on transportation: Question 1: I am a single truck owner-operator and I ply my truck mostly between States, carrying the goods booked for my truck by an agent; aggregate