11-Mar-2020

Invoicing Under GST

As a GST registered dealer, you are required to provide GST Invoices, also known as bills to your clients. 1. What is a GST Invoice? An invoice or a bill is a list of goods sent or services provided, along with the amount due for payment. 2. Who should issue GST Invoice? If you are a GST...
06-Mar-2020

Need To Make Additional GST Payment? DRC-03: Applicability And Procedure

During the course of filing GST Return, a taxpayer may discover additional tax liabilities that he or she may need to pay. GST tax portal has the provision that allows you to do so. “There is a section in the GST portal that talks about user services. There you need to choose DRC 03 and th...
29-Feb-2020

GST: Changes And Method To Say Input Decrease Answered

Ever since the GST came into effect on July 1, 2017, the Indian economy has seen a plethora of regulations implemented by the GST council. Now the department is using analytics to keep tab on the errant taxpayers who are claiming excess input tax credit or to track some taxpayers who are not serious...
24-Feb-2020

GST Return – What Is GST Return? Types Of GST Returns

1. What is GST Return? A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that include: Purcha...