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
GSTR-1 Return: Meaning, Due Date & How to File With Munim
If you have just started your accountancy practices or if you are a business owner who does not know the first step toward staying GST-compliant, read this blog to understand GSTR-1 return filing, its meaning, late fees, the latest updates, and how to file GSTR-1 with Munim GST Return Filing Software. What is GSTR-1 &… Continue reading GSTR-1 Return: Meaning, Due Date & How to File With Munim
Indian Government Embarks on a Unified System for PAN Services with PAN 2.0!
The cornerstone of Indian financial and administrative processes, the Permanent Account Number (PAN) promotes transparency and compliance in the Indian economic activities. Recently, PAN 2.0 news has buzzed into the market. This digital enabler initiative, PAN 2.0 is all set to mark a digital leap into taxpayer services. The Indian government has recently approved the… Continue reading Indian Government Embarks on a Unified System for PAN Services with PAN 2.0!
Easily Track GST Return Status for Multiple Companies with Munim
If you are a taxpayer and don’t know how to track GST return status, this is your complete guide. There are two ways you can check GST filing status. Here are the detailed methods to check your GST return filing status Why is it Important to Check GST Filing Status? What are the Types of… Continue reading Easily Track GST Return Status for Multiple Companies with Munim
GSTR-1 Amendment: Time Limit, Process & Limitations
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
Revised Invoice in GST: Best Practices for Compliance
Every business vertical under goods and service tax issues invoices. Revised invoice in GST has turned out to be a need of the era due to errors and mistakes that occur while issuing invoices. If mistakes occur, they need to be rectified, and invoices should be revised. Let’s scroll down to know in detail: What… Continue reading Revised Invoice in GST: Best Practices for Compliance
GSTR-10 Final Return: Applicability, Due Date, Penalty & Format
Whether you are a business owner, accountant, or CA, you must know all the rules and regulations regarding GST compliance, including how to surrender the GST registration. Though you may not need it, being aware of it is always advisable. In this blog, we will discuss one of the most important and last steps in… Continue reading GSTR-10 Final Return: Applicability, Due Date, Penalty & Format
GSTR-9 Filing: Your Go-to Manual for 100% Accuracy!
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!
GSTR-4 Composition Annual Return: Turnover Limit & Due Date
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
GSTR-8: Importance for E-Commerce Operators, Due Date & Penalty
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