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GST

Composition Scheme under GST

Composition Scheme under GST: The Composition levy scheme is a very simple, hassle free compliance scheme for small taxpayers. It is a voluntary and optional scheme. Salient Features: No elaborate records required  Only quarterly returns required to be filed Payment…

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Provisional Assessment under GST

Intent of the process: Provisional Assessment is a boon for the asessee as well as the department as this concept tries to minimise litigation by assessing the goods/services in advance on the request of the assessee so that in future…

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GST Reconciliation Issues

Recently GST department has issued lots of notices wherein the main reason behind was the mismatch of ITC claimed from that available.These notices left the assessees perplexed and will certainly land most of them in trouble in near future .In…

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