Author: Mehul Jagwani

Compared to other GST returns, GSTR-7 is completely different. You have to deduct the TDS from the payment, keep a record of those deductions, and pay the return. Fortunately, it is not applicable to all taxpayers/businesses.  This blog will make you understand everything you need to know about GSTR-7.  GSTR-7 Meaning: What Exactly GSTR-7 Is? … Continue reading GSTR-7 Simplified: Filing Steps, Due Date & Late Fee

Composition is an alternative to regular tax collection methods, enabling micro and small businesses to start and thrive without worrying about compliance issues. In this blog, we have addressed all the basic questions related to the composition scheme in GST.  What is the Composition Scheme in GST The GST Composition Scheme is an alternative to… Continue reading Composition Scheme in GST: Eligibility, Forms & Tax Rates

Have you filed GSTR-1 with inaccurate invoice data? Are you looking forward to revising the GSTR-1 but don’t know how? Don’t worry—we are here to help. This blog will discuss the GSTR-1 amendment process, the time limit, how to select a return filing period and much more.  How to Select Return Filing Period in GSTR-1… Continue reading GSTR-1 Amendment: Time Limit, Process & Limitations

Small businesses with an annual turnover of less than Rs. 1.5 Crore have an alternative option to file their GST Returns quarterly instead of monthly. This facility is called the Composition Scheme. GSTR-4 is an annual return filed by businesses that opted for the Composition Scheme.  In this blog, we will discuss all the details… Continue reading GSTR-4 Composition Annual Return: Turnover Limit & Due Date

Since E-commerce operators are so busy in their day-to-day operations, they often delay or even forget their compliance obligations. As a result, they have to pay late fees or penalties. In rare cases, this may attract scrutiny from tax authorities.  Here’s the solution: Read this blog on GSTR-8 e-commerce GST return to learn how to… Continue reading GSTR-8: Importance for E-Commerce Operators, Due Date & Penalty

Did you know that a penalty of Rs. 10,000 or the amount equivalent to the tax amount must be paid if any mistake occurs in GST compliance? If you want to prevent such situations, then you must know the most common mistakes in filing GST returns.  In this blog, we shall discuss various types of… Continue reading Filing GST Returns: 5 Mistakes That Can Attract Penalty