Frequently Asked Questions on the GSTR 1 Form Introduction The Goods and Services Tax (GST) has significantly transformed India’s taxation landscape. Among the various GST forms, GSTR 1 holds a pivotal place. It is a return form that necessitates the […]
Government Extends Levy of GST Compensation Cess Till 31 March 2026 Introduction The government has extended the date of collection of the GST Compensatory Cess by nearly four years to 31st March 2026. The cess was initially due to be […]
The Ultimate Guide to GST Returns Filing For Multiple States Introduction The implementation of Goods and Services Tax (GST) in India has brought about significant changes in the tax landscape for businesses. Filing GST returns is an essential compliance requirement, […]
How to claim a refund through GST RFD-01? A Step-by-Step Guide Introduction The implementation of the Goods and Services Tax (GST) in India has significantly transformed the taxation system, simplifying it and promoting a unified approach. While GST has streamlined […]
GST Simplification Using LUT for Exporters: Explained Introduction Exporters operating under the Goods and Services Tax (GST) regime often deal with various compliance requirements, including tax payments, return filing, documentation, and record maintenance. Although exports are treated as zero-rated supplies […]
Reasons why small businesses fail to keep up with GST compliance Introduction Small businesses often struggle to keep up with GST (Goods and Services Tax) compliance due to several challenges. These challenges can result in small businesses failing to comply […]
GST LUT for Export of Goods: A Complete Compliance Guide Introduction GST LUT for Export of Goods is an important compliance mechanism that allows eligible exporters to undertake exports without paying Integrated Goods and Services Tax (IGST). For many exporters, […]
Compliance Calendar February 2023 Starting, owning, or doing a business in India comes with important compliance that a business, irrespective of its structure, has to adhere to during a financial year. Be it filing of Income Tax Return or GST […]
Form GST REG-21 – Restoration of Cancelled GST Registration Introduction Restoration of a cancelled GST registration is possible if you file the Restoration within the prescribed time frame; otherwise, you will be unable to revoke it. You must file a […]
