GST TRAN-2 return is filed by a dealers or trader that are currently registered under GST but were previously unregistered VAT/Excise. As a matter of fact, these dealers will not have invoices with VAT or excise to support the claim. The Government has given a provision for transitional input for such dealers in GST TRAN-2. […]
How Much % GST On Turnover Up To 60 Lakhs?
After the roll out of GST since 1st July 2017, people are still having doubts pertaining to GST. Recently We received the question “How Much percentage GST on Turnover up to 60 lakhs?” The answer to this question has two different things to consider. Depending on these things, it can be decided that how much […]
Download GST TRAN-1 Return Excel Template
GST TRAN-1 form is used to claim the credit of input of taxes (VAT, Excise, etc) paid under the pre-GST regime issued by the Central Board of Excise and Customs. We all are concerned about the input credit of taxes that we have paid while purchasing, inputs, raw materials, semi-finished goods, etc under the old […]
List Of Exempted Goods Under GST Regime
Central Board of Excise and Customs vide its Notification No. 2/2017-Central Tax Rate, dated 28 June 2017 published a list of exempted goods under GST regime. You can download the copy of the said notification in pdf format from the link below: Notification 2/2017-Central Tax Details of Products and HSN codes of these 0%/NIL rated […]
Goods and Services Tax – GST Rumors VS Reality
There are many rumors about the newly launched GST tax. In this article, we will discuss GST Rumors VS Reality. This is all due to lack of proper information and to also due to fewer efforts made on educating people about GST. As an individual, GST could have been a big success if rolled out […]