Key Takeaways The Goods and Service Tax (GST) in India, has been designed to improve transparency and tax compliance. With frequent modifications and updates in the norms, businesses are required to stay informed about different procedures and forms to ensure proper tax filing. One such key form is the GSTR-1A return, which allows businesses to […]
Key Takeaways All registered taxpayers must file a GST nil return regardless of their business’s lack of monthly or quarterly sales. Now registered persons can submit GSTR-1 nil returns through SMS via their mobile phones from July 1st 2020. The total number of login requirements to access the GST portal is now minimised through this […]
Key Takeaways In India’s dynamic taxation and financial ecosystem, the GST Act serves a major purpose to maintain accountability and smooth operations of businesses. To further aid the process, the GST Council has proposed various GST returns that need to be submitted online according to prescribed formats. GSTR-1 return is one such important statement that […]
Key Takeaways GSTR-2 return was a monthly return that allowed taxpayers to report and summarise details of their inward purchases of taxable goods and services. However, since September 2017, the government suspended this form through amendments to the CGST Rules. Although GSTR-2 is no longer in use, you must learn about its structure and significance […]
by Key Takeaways GSTR 11 return filing is crucial for certain entities such as embassies and consulates. The list includes additional entities who need to file this return. Mentioning the necessary details while filing the GSTR-11 return form, across all the parts of the format is further essential for seamless refund on inward supplies. Learn in […]
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