ANNUAL RETURN GSTR-9 – Provisions in GST Act (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an ANNUAL RETURN (GSTR-9) for every financial year electronically in such form and manner as may […]
RCM ADJUSTMENT ENTRIES IN GST Reverse charging mechanism is a procedural way of discharging tax liabilities and formalities by buyer of services or goods or both instead of seller.The RCM adjustment entries are discussed below. For example, a transaction will be considered as reverse charge if tax is payable by buyer instead of seller. GST reverse charging […]
Who are required to get accounts audited under GST??? What is the Due Date for Filing Annual Return and Audit Report under GST??? Annual Return – Section 44 of CGST Act 2017 (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable […]
PRESS RELEASE ON BILL TO SHIP TO MODEL WAYBILL IN GST Govt has issued a press release describing the procedure to be followed in case of Bill to Ship to Transaction in GST for generating E way bill. Who is required to generate way bill and who has to issue invoice . For Details of […]
1. Sub-section (1) of section 68 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”) stipulates that the person in charge of a conveyance carrying any consignment of goods of value exceeding a specified amount shall carry with him the documents and devices prescribed in this behalf. Sub-section […]