What are the GSTR-1, GSTR-2, GSTR-2A, GSTR-3 & GSTR-3B and who, when to file such returns.
What is Regular under GST ? The following tax payers needs to be mandatory registered under regular scheme of GST
The tax payers whose turnover is more than Rs 1.5 crore.
who are dealing in Inter state of goods or services or both.
What is Composition Scheme under GST ? Composition scheme is available to the dealers whose turnover is less than the notified amount Rs 1.5 crore
India, with its tax reforms & re-focus on digitization to reduce hurdles in adhering to tax compliance, every year, crores of new tax payers are filing their first time ITRs. It’s vital to understand what need to be kept for future.
Tax Exclusive This means that the price charged for goods or services or both does not include tax. Tax is separately charged on the price. For example: If the price of good is Rs 200 exclusive and […]
What is Bill of Supply? A registered person supplying exempted goods or services or both or paying tax under composition scheme should issue a bill of supply
Tax Invoice All registered persons supplying taxable goods or services or both shall issue tax invoice. Particulars in a ‘Tax Invoice’ Name, address and GSTIN of the supplier. A consecutive serial number not exceeding sixteen […]
Difference between Nil Rated, Exempted, Zero Rated, and Non-GST Supplies and it’s impact on Taxes
After a pause in the implementation of e-Way Bill, Today, Apr 01st 2018, all businesses are required to generate e-way bills to transport goods, if the value is greater than Rs. 50,000. EZTax.in
EZTax.in | GST Accounting – Latest Release Updates – Mar 27th 2018