The movement of goods from one state to another state or out of state need road permit for this purpose Electronic road permit is made through E-Way Bill. E-Way Bill is required by the seller and the buyer for movement of goods amounting to more than ₹50,000 in Intra and Inter supply ( ₹1,00,000 in…
Taxpayer which are registered under the goods and services tax (GST) Law must file GST return. Government clarified the deadline before which every taxpayer have to file their return with the prescribed details and if they failed to do so , Govt will impose penalties and late fees charges . Due dates are different for…
MEANING GSTR-3B is a merged summary return of inward and outward supplies which every taxpayer must file monthly ( if opted for monthly return scheme) or quarterly ( if opted for quarterly return scheme). In this return Taxpayer have to submit the details of sales , purchase and tax paid to the government. Every that…
GSTR-2B is a statement that provides the details of ITC to the recipient of supplies (buyer). It is generated for every normal taxpayer on the basis of return filed by supplier. File GSTR 3B after GSTR-2B generation. Reason behind this is simple “to claim correct ITC available in GSTR-2B”. GSTR-2B is a static statement and…
Invoice Furnishing facility. A regular dealer who opt for the scheme of QRMP ( quarterly returns monthly payment ) have to file the “IFF” return. regular dealer who opted for monthly returns scheme need not to file this because they file GSTR-1. Due date for IFF is 13th of next month. IFF is filed for…
Before diving into any concept, you must know the meaning of it. GSTR-1 form is a statement of all the outward supplies of goods and services and (should include all the information regarding outward supplies of goods and services) to be submitted by the regular registered taxpayer on the GST PORTAL. Regular dealer ( Who…
This article will help you to understand what is jurisdiction under GST and the state codes Despite a centralized registration on a single GST portal civil jurisdiction have been set up under GST. Similar to Income Tax jurisdiction is a defined geographical area or managed by the tax authorities to carry out adjudication of such…
