GST News and income tax updates | Official Blog

What is GST Demand & Recovery?

August 04, 2020

As per the provisions of recovery of tax in GST, if the amount payable by a taxable person, remains unpaid, even after 3 months from the date of issuing the order for demand of tax, then the recovery of tax under GST will be initiated.

GST, GST Updates

GST Return due dates

August 07, 2020

GST return due dates and interest related queries have been extended and solved respectively through the various circulars and notifications published by the government.

GST, GST Return, GSTR

Types of GST

August 19, 2020

The GST types are determined based on the province in which the goods and/or services are exchanged and transactions made. The types of GST include: • Central Goods & Services Tax (CGST) • State Goods & Services Tax (SGST) • Union Territory GST (UTGST) • Integrated GST (ITGST)

GST, GST Updates

What is GST Framework?

August 20, 2020

GST framework is a design made by the India Government that would eliminate most of the indirect taxes like VAT, customs duty, excise duty, CST, service tax, entertainment tax, and bring it all under a single tax structure called GST.

GST, GST Updates

GST Classification

August 21, 2020

GST classification is the diverse broad categories into which goods and services are categorized, taking into consideration certain specific set of factors.

GST, GST Classification

GST Registration

August 28, 2020

GST Registration is that part of the GST regime in which every business with turnover of Rs.40 Lakhs should register as a normal tax payer. The threshold turnover limit for GST registration for NE and hill states is Rs.10 lakh.

GST, GST Registration

What is GST Compensation Cess?

October 14, 2020

The GST Compensation Cess will compensate the states for any revenue loss incurred on implementing Goods & Service Tax (GST) on July 1, 2017 for a period of 5 years or as the GST council recommends

GST

Schedule II of the CGST Act

October 29, 2020

Schedule II of the CGST Act specifically illustrate the activities to be treated as supply of goods or supply of services, it provides that any treatment or process which is applied to another person’s goods is a supply of services.

GST, GST Classification

GSTR 1: What is GSTR 1? How to File GSTR 1?

January 25, 2021

GSTR1 is a return that shows all sales transactions of a business. GSTR-1 can file either monthly or quarterly basis. GSTR 1 due date is based on turnovers.

GSTR, GSTR 1, GST

GST Payments and Refunds

GSTR 2 Form - Details to Know

What is GSTR 2?

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OUR BLOG

What is GST Demand & Recovery?

GST Return due dates

Types of GST

What is GST Framework?

GST Classification

GST Registration

What is GST Compensation Cess?

Schedule II of the CGST Act

GSTR 1: What is GSTR 1? How to File GSTR 1?

GST Payments and Refunds

GSTR 2 Form - Details to Know

What is GSTR 2?

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