With an intention to ease the implementation of GST, the GST Council increased the timeline to submit GSTR-1 and GSTR-2 for July and August 2017. Instead of that, the council introduced GSTR-3B, a summarized outward/inward return for these two months. The last date of submission of this return was 20th of August. Today, we will […]
Download GST Sales Register Excel Template
It is mandatory to maintain records of sales and purchase under the new GST regime. Every registered person has to maintain GST Sales Register in order to calculate their Output tax and for GSTR-1. Section 35 of the CGST Act and “Accounts and Records” Rules (hereinafter referred to as rules) provide that every registered person […]
Supply Through E-commerce Platforms Under GST
It is mandatory to register for all suppliers that make supply through e-commerce platforms under GST irrespective of their turnover threshold limit. Sales on E-commerce platforms has been continuously increasing. The reason behind this increase is the high level of customer satisfaction and cash on delivery, return policies etc. GST Compliance for Supply Through E-commerce […]
How To Prepare GST Challan for Tax Payment?
Once you prepare your GSTR-3B or any other GST Return you need to prepare the GST Challan for tax payment. In this article, we will discuss how to prepare the GST Challan as well as different methods of making payment of the Challan. Step-By-Step Guide to Prepare GST Challan For Tax Payment The due date […]
Download GST Purchase Register Excel Template
Under the GST regime, registered taxpayers will have to maintain GST Purchase Register in order to calculate their Input Tax Credit and hence define their tax liability. As per the GST Law, a registered person is liable for ITC on the purchase of goods and services. Any money spent on capital goods in the form […]