“The facility to revise Form GST TRAN-1 declaration has been introduced on the GST Portal for taxpayers who had already filed it prior to November 9, 2017,” GSTN said.GST Network on Friday said businesses can now make changes to the forms uploaded on the portal to claim transition credit. “The facility to revise Form GST […]

GST Council meet on Friday, may announce new measures to boost digital payments, cut tax rates

NEW DELHI: A year after demonetisation, India is getting ready to give digital payments yet another push. It could consider providing incentives in the goods and services tax (GST) regime for payments that are settled electronically. The GST Council meeting on Friday is likely to consider a proposal in this regard, a senior government official […]

Frequently Asked Questions On Composition Levy

Q 1. What is composition levy under GST? Ans. The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States). The objective of composition scheme is to bring simplicity and to reduce the compliance […]

How can u get registered under GST

Every business carrying out a Taxable Supply of goods or services, or both under GST regime and whose turnover exceeds the threshold limit of ` 20,00,000 or ` 10,00,000 as applicable will be required to register as a normal taxable person. This process of registration is referred as GST Registration. Who should register and what […]

GST Return

TYPES OF GST RETURNS AND THEIR DUE DATES In this article, we will discuss the various returns that are required to be furnished under the new GST law. What is GST? The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is proposed to […]