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14 June 2017

Basics on Filing GST Returns

Confused on filing GST Returns? Here’s all you need to know. Every registered taxable person has to furnish outward supply details in Form GSTR-1 (GST Returns-1) by the 10th of the subsequent month. On the 11th, the visibility of inward supplies is...

13 June 2017

Everything you Need to Know About GST Practitioner

Accounting and tax professionals have the authority to file returns on behalf of taxable persons under the indirect tax regime of the country. Under the erstwhile regime, chartered accountants, sales tax practitioners and advocates undertake this job. Under the...

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13 June 2017

Process for Claiming the GST Tax Refund

What is a tax refund? A tax refund is any amount returnable to a tax payer, by the government. Dealers and businessmen alike can claim refunds on specific events such as when excess tax has been paid, there is...

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13 June 2017

Tax Liability Assessment under the GST Regime

Every person is required to pay tax, and hence is known as a taxpayer. However, the amount of tax payable by various persons, meaning their tax liability towards the government, varies due to several factors. Determining the amount of...

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13 June 2017

Maintaining Accounts and Ancillary Records under GST

Accounting and reporting form the backbone of compliance of any company. The indirect tax regime in India prescribes the standards that need to be maintained for accounting pertaining to tax and other ancillary information. Records need to be maintained...

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13 June 2017

Basics on GST Payments – All You Need To Know

GST returns are mandatorily required to be provided on a monthly basis under the GST regime. Ever taxpayer must file his returns diligently by the 20th of every subsequent month. In case such tax due has not been paid,...

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13 June 2017

A Brief Snapshot of the GST Rates

The Goods and Services (GST) Council so constituted, convened on May 18, 2017 to discuss and finalize GST rates for approximately 1200 goods spread across in almost 100 categories. Additionally, on May 19, 2017, the GST Council met to...

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05 June 2017

CENVAT and VAT – Transitioning under the GST

Transitioning under the GST is imperative for all businesses once the GST regime sets in. Every business must understand what category it falls under to ensure smooth transitioning from the erstwhile indirect tax regime into the GST regime. Review...

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