Details of returns which are to be filed under GST with dates and requirements are as follows: Now we will take each return separately in individual post Given under is format of Form GST 1 Given under is format of GSTR2 For sake of simplicity we have tried to explain various fields of returns by
Registration Process a) Registration Requirement As per sec 22 following are liable for registration i) Every Supplier if his turnover exceeds 20 lacs (10 lacs in case he is from special category of states) ii)Every person who was registered on appointed day iii)Any business that was registered is transferred owing to succession or otherwise as
Reverse Charge means “the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section (3 ) or sub-section (4 ) of section 9, or under sub-section (3 ) or subsection (4 ) of section 5 of the Integrated Goods and
Input Credit of CENVAT on Stock lying as on 30.06.2017 There are two scenario Input Credit on Stock before first July 2017 Input credit on Supplies on or after first July 2017 For stock before first of july 2017 following conditions are there The dealer was registered under old laws: 1)the goods/services on which ITC
This concept was in vogue in service tax but now with the advent of GST it is important to understand. Please refer to sec 7 to sec 14 of IGST Act Place of Supply and location of supplier these two terms are relevant here.Place of supply is the place where recipient is located and location
There may be a case that the original invoice has to be revised There must be goods return case There must be so that the goods may be never supplied or the services may be never made Revised Invoice: It must contain following particulars the word “Revised Invoice”, wherever applicable, indicated prominently; (b) name, address
Since GST has been implemented w e f first of July 2017 so now the first thing is the invoicing under GST. The format of invoice has been given under Rules and a template invoice by the name GST INV-01 . Basically two types of invoice can be issued under GST. Tax Invoice Bill of supply
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