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The 53rd GST council meeting, held on 22nd June 2024, witnessed multiple recommendations for streamlining GST processes. One key recommendation of the meeting was to relax the filing of GSTR-9/9A for taxpayers with an annual aggregate turnover below Rs. 2 Crore for FY 2023-24.  Let’s scroll down to GSTR-9 in detail: What is the GSTR-9… Continue reading GSTR-9 Filing: Your Go-to Manual for 100% Accuracy!

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

GST late fees for GST returns refer to penalties for not filing or delayed tax filing. When a business fails to file GST returns or pay tax liabilities, it must pay late fees and Interest. Let’s scroll down to see What is the late fee for GST Return.  Introduction to GST Late Fees Late fee… Continue reading GST Late Fees: Insights into Filing Guidelines to Avoid Penalties!

India’s Gross Goods and Services Tax (GST) collection in September 2024 was over 1.73 lakh crores. Do you know that a GSTR-3 return enables you to determine the tax liability in the given tax period? This return calculates how much tax you have to pay, making it one of the most important returns for businesses. … Continue reading Mastering GSTR 3B Filing: Due Date, Format & Comparison with GSTR-1

Taxpayers registered under goods and services tax law file returns for every GSTIN. All GSTRs differ in their filing process, due dates, frequency, and more.  Let’s scroll down in detail to the GSTR forms list.  Types of GST Returns: A Microscopic View into Every GSTR Type! GSTR-1 Return Filing  GSTR-1 is a one of the… Continue reading Types of GST Returns: Insights You Shouldn’t Miss!