IGST and Compensation Cess exemptions on imported goods under FTP 2015-2020 extended till June 30, 2022 Introduction The government has extended IGST (Integrated Goods and Service Tax) and compensatory cess exemptions for goods procured under various export promotion schemes till […]

CBIC issues SOP for GST Return Scrutiny, Parameters for GST Return Scrutiny laid by CBIC, and Timeline for GST Return Scrutiny For the Financial Year (FY) 2017-18 and 2018-19, the Central Board of Indirect Taxes and Customs (CBIC) has published […]

What is GSTR 2A and 2B? And Difference between GSTR 2A and GSTR 2B Introduction GSTR 2A and GSTR 2B, that are auto-populated returns, were recently implemented by the GST (Goods and Service Tax). We will look at the differences […]

GST CMP 02- an Intimation to the Government about opting for GST Composition Scheme The Composition Dealer cannot issue a tax invoice under the Composition Scheme. That means the taxpayer registered under the Composition Scheme, cannot charge tax from customers. […]

What can be expected from the upcoming 47th GST Council Meeting Introduction In a Post-Budget Interaction, Finance Minister Nirmala Sitharaman informed industry stakeholders that the next meeting of the 47th GST Council Meeting will address the subject of including aviation […]

A guide on What is GSTR 2B?, How to claim ITC in GSTR 2B? And Process to access GSTR 2B on GST Portal GSTR 2B is a new static month-by-month auto-drafted statement introduced on the GST (Goods and Service Tax) […]

GST Refund Process for Exporters, GST Return on Exports, and FAQs on GST Refund on Export The new GST Return Filing system is expected to streamline and simplify the process of filing regular returns and tracking ITC. Read our post […]

What is Goods Transport Agency (GTA)? Information on GTA under GST Act and GTA Exemption in GST Any person who provides service in respect to the transportation of goods by road and issues consignment notes is referred to as a […]

A step-by-step guide on “How to file GSTR 4 Returns Online?” GSTR-4 is a GST Return that has to be filed by the dealer who is opting for the composition scheme. The GSTR 4 is filed once a year i.e. […]