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Category Archives: GST

Latest Update on e-Way Bill

1. What is an e-Way Bill? E-Way Bill is an electronic way bill for movement of goods which can be generated on the e-Way Bill Portal. Transport of goods of more than Rs. 50,000 in value in a vehicle cannot be made by a registered person without an e-way bill. E-way bill can also be generated […]

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Impact of Goods and Services Tax on Job Work

Business Implication of Goods and Services Tax on Job Work in Manufacturing Industry. What is job work? Job work means processing or working on raw materials or semi-finished goods supplied by the principal manufacturer to the job worker. This is to complete a part or whole of the process which results in the manufacture or […]

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GST Return

Filing GST return under the GST regime is crucial as non-compliance and delay will result in penalties and affect your compliance rating and timely refunds. All registered businesses have to file monthly, quarterly and/or annual GST Returns based on the type of business. In this article, we cover the following topics: What is GST Return? Who should file GST […]

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Step-by-Step New GST Registration – Part IV

Introduction In our previous blog, we guided you through the remaining 6 pages of Part B of the New Registration form, GS REG-01. You now need to complete the verification process and submit the form. Once the form is submitted, you must keep track of your application status. If all the documents submitted by you […]

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Step-by-Step New GST Registration – Part III

Introduction The process for New Registration under GST in the GST portal comprises of Part A and Part B. We have familiarized you with Part A of the process. In our previous blog, we took you through the first 3 pages of Part B of the New GST Registration online form – Business Details, Promoters […]

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Step-by-Step New GST Registration – Part II

Introduction In our previous blog, we took you through the first part of the step-by-step new GST Registration guide as per the GST portal – primarily completing Part A of the form, after which you obtained your Temporary Registration Number (TRN). As mentioned earlier, the TRN is valid for a period of 15 days, within […]

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Step by Step GST Registration – Part I

Introduction It has been 6 months since we entered the GST era, and there are still many businesses across the country – both old and new, that are yet to figure how to register for GST. While the process is seamless due to its online nature, one needs to ensure that the requisite form, i.e. […]

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GST Council’s Recommendations – 23rd Meeting

In the GST Council meeting on 10th November, ’17, various decisions were taken with the view to make compliance easier for small tax payers, make composition scheme more attractive for tax payers and reduce the household expenditure for consumers. Let us understand the GST Council’s recommendations in detail: Return filing 1.GSTR-3B filing to be done till […]

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Decision Taken in 23rd GST Council Meet

The GST Council in its 23rd meeting held in Guwahati came up with a range of new decisions which will lead to easing tax rates and compliance issues. Here are the key points which have emerged so far: In the last three meetings, we have been looking at the 28 per cent tax rate to […]

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