GSTR-1 is a monthly or quarterly return that is supposed to be filed by every registered dealer, registered under GST. GSTR-1 contains the details of outward supplies or Sales. All in all, this return has 13 sections.What is the due date to file GSTR-1? The due dates to file GSTR-1 varies depending on the turnover… Continue reading Detailed Information about GSTR-1
Recently, a scheme was launched by the Government of India, in order to waive the late fees for the delayed filing of the GST Return. It is a one-time scheme, that is launched for the filing of GSTR-1, GSTR-3B and GSTR-4 for the period of July 2017 to September 2018, that is, for the period… Continue reading Late fees for GST Return Waived
The Indian Logistics sector obtained a vastly improved rank of 35 among 160 countries in the World Bank sponsored Logistics Performance Index last year and could potentially be a huge contributor to the new GST tax regime. According to an IMAP estimate, India’s logistics market is valued at USD 260 billion and has consistently seen double… Continue reading How GST Affects my Logistics Business?
Prior to the 2000s, being an entrepreneur in India was demeaning and met with mockery from the society. However, time has brought changes and now saying that you are the founder of a startup does actually sound appealing. The startup culture is booming in India so much that even the Indian government has decided to… Continue reading How the Implementation of GST has Impacted Start-ups in India
Under the GST regime, a “dual GST” model has been introduced keeping in mind the federal structure of India. Instead of levying different type of taxes by both the center and the state, GST will be levied on every supply of goods and services which take place within the boundary of the state. GST has two components: Central tax (CGST) which is levied… Continue reading IGST Act in India
GST i.e. Goods and Services Tax as the name suggests is the tax levied on the supply of goods or services or both in India. The Goods and Services Tax will provide the much-needed stimulant for economic growth in India by transforming the existing base of indirect taxation towards the free flow of goods and… Continue reading Advantages of GST for Citizens and the Country
Goods and Services Tax, popularly known as GST has always been the talk of the town. GST was successfully implemented on 01st of July 2017. GST was launched to overhaul the entire Indirect Tax Regime of the country and to make it easy to do business in India. Individuals registered under GST are required to… Continue reading The Responsibility and Enrollment of a GST Practitioner in India
A large part of India is educated still a lot needs to be done the Educational status of a country is the most important prerequisite for its development. It gives a boost to the economy of the country. Keeping in mind, the importance of education on the economy of a country several public as well… Continue reading Impact of GST on Educational Sector