Category: GST in India

GST in India is the most significant reform in the field of Indirect Taxes and included Summarised Provisions for the Assessment Year 2020-21.

New GST Return Forms – RET-1, RET-2, RET-3, ANX-I, ANX-II

The GST Council, as per the decision taken at the 39th GST Council Meeting, has introduced a New GST Return Forms System to improvise and simplify the return filing procedure. Under the new mechanism, a taxpayer will have to file only one main called the FORM GST RET-1, which will have […]

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Provisional Assessment under GST [Section 60 of the CGST Act. 2017]

Provisional Assessment under GST is carried out in cases where a Taxable Person is unable to determine his Value of Supplies or Rate of Tax applicable thereto. In such case tax liability is discharged on provisional basis subject to finalization of assessment by the department. Once assessment is finalized, the […]

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List of GST Returns / Statements to be Furnished by Registered Persons

The following GST Returns / Statements are required to be Filed by Registered Persons: GSTR-1 Details of outward supplies of taxable goods or services or both CSTR-1A Details of inward supplies as added, corrected or deleted by the recipient made available to the supplier GSTR-2 Details of inward supplies of taxable goods or services or both […]

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Casual Taxable Person and Non-Resident Taxable Person [Section 27 of CGST Act. 2017]

(1) Validity of certificate of registration issued to a casual taxable person or iron-resident taxable person [Section 27(1)] : The certificate of registration issued to a casual taxable person (CTP) or a non-resident taxable person (NRTP) shall be valid: — for the period specified in the application for registration or […]

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