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  • A Complete Guide on GST ITC 01

    What is GST ITC-01?
    Registered person who is entitled to claim credit of input tax under section 18 (1) is required to file a declaration in Form ‘GST ITC-01’. The credit may be availed for inputs held in stock, inputs contained in semi-finished or finished

  • Handbook on GST ITC-02

    What is ITC-02 and who must file it?
    In case of transfer of business by way of sale of business, merger or demerger, a registered taxpayer can transfer the input tax credit unutilised and available in his electronic credit ledger into another business by filing

  • Note on Electronic Credit Ledger Under GST

    Goods and Services Tax, allows taxpayer to maintain electronic ledgers on the GST portal. Taxpayer pays income tax form these electronic ledgers. Whenever a taxpayer undertakes an activity related to these electronic ledgers, the concerned ledger then gets updated in real-time. The details in the electronic ledgers get auto-populated from previous returns that were

  • FAQs On GST Payment & Refund Status

    How to track GST payment status online?

    Step 1

    Go to the GST Portal. To track payment you don’t have to login.


  • Handbook on E-Invoicing

    The CBIC has notified the latest e-invoice schema on 30th July 2020. The e-invoicing system is slated to be implemented from 1st October 2020. It will apply for for large taxpayers with an annual turnover of more than Rs 500 crore in FY 2019-20. E-invoice does not mean the generation of invoices from a central portal of the tax department. It is because such

  • Details on Use of Cash/ITC For Payment Under GST Demand

    Manual on Utilizing Cash/ ITC for Payment of Demand

    How can I make payment towards outstanding demand appearing in Electronic Liability Register (Part-II) at the GST portal?

    Handbook on Filling PMT-09 on GST Portal

    The Central Board of Indirect Tax and Customs (CBIC) recently introduced the PMT 09 form with a view to facilitate the transfer of cash from one head to another head of the electronic cash ledger. Using this form, taxpayers will be able to transfer any amount of tax, interest, penalty or cess accumulated in their electronic cash ledger under the heads of IGST, SGST

  • Handbook on GST CMP-08

    The GST Council made third amendment to the CGST Rules by inserting a provision in rule 62 with regards to filing return by a composition dealer.
    The revised rule states that every composition dealer must make payment of tax in form GST CMP-08 and file an annual return in form

  • Handbook on Filing NIL form GSTR-3B By SMS

    What is Nil GSTR-3B?
    A Nil GSTR-3B is filed when there are no details of supplies to be declared. There is no tax payable since there are no outward supplies made or inward supplies to claim Input Tax Credit (ITC). Following is a simple checklist you can follow

  • Handbook on GSTR 10

    What is GSTR-10?
    A taxable person whose GST registration is cancelled or surrendered has to file a return in the form of GSTR-10. This return is called as final return.

    All About Suo Moto Cancellation of GST Registration

    Meaning of the term “Suo Moto”:

    The term “Suo Moto” is a Latin legal term which literally means “on its own motion”. It implies that an action was taken by a group or persons on their own. Hence, when a government entity or a court takes up a matter suo moto, it is taking up the matter “on its own motion” meaning of its own accord or on its own initiative.

    Suo Moto cancellation of GST

  • Details on Filing Amendments in Core and Non-Core Fields under GST registration

    At the time of GST Registration, a Registration Certificate is issued by the GST department in the name of the business, based on the information provided by you. But, you may need to change any of the information provided earlier. You may need to change the details because of several reasons like some incorrect information provided at the time of registration,

  • Guide on GST DRC 06

    Under the GST regime, tax is paid on a self-assessment basis. If the self-assessment is incorrect, the Department can issue a Notice. A Notice can be issued for short payment/non-payment of taxes, claiming an erroneous refund, wrong availment of ITC, etc.
    Notices are issued

  • Handbook on GST ITC-01

    GST Form ITC-01 is a declaration form that is used to claim the input tax credit. An input tax credit means that a taxpayer can claim the amount that has been already paid as GST while making GST payment to the Government which was collected from the customers.

    Entitlement of the Form

    According to Section 18(1) of the CGST Act 2017, the registered person

  • Guide on GST ITC-04

    What is GST ITC-04?
    ITC – 04 under GST is a form which has to be furnished by registered manufacturers, showing the details of inputs or capital goods dispatched or received from a job worker in a particular quarter.

    What are the details to be furnished in ITC -04 under GST?
    The details of the following 4 types of transactions need to be furnished in Form ITC-04 under GST:

    Inputs or Capital goods dispatched to job

  • All About Offline Matching Tool to Compare ITC in GSTR-2B With Purchase Register

    The GST Network has released an all-new Input Tax Credit (ITC) matching tool on 18th September 2020 on the GST portal. This tool is available for the regular or average taxpayers registered under GST along with the SEZ units or SEZ developers or casual taxable persons.


  • A Guide on GST Offline Tool- TRAN-2

    GST related activities including GST Filing, GST registration, and application of GST refunds which are done online. The official GST portal is providing a range of downloadable GST offline tools. The best part about the GST offline tools is that they are available for free and can be used to perform key tasks including preparation of GST returns even if you do not

  • Guide on Applying for GST Registration on MCA Portal through SPICe-AGILE Application Form

    The Ministry of Corporate Affairs (MCA) has on the 29th of March notified the launch of a form known as e-form AGILE (Application for Registration of the Goods and Services Tax Identification Number (GSTIN), Employees’ State Insurance Corporation (ESIC) registration plus Employees Provident Fund Organization (EPFO) registration). As is suggestive, the form covers three important registration required for a business – namely GSTIN, ESIC and

  • Guide on GST Composition Scheme

    Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore*.

    *CBIC has notified the

  • Roadmap of GST on Lotteries

    GST on lottery sales has caught the attention of GST Council since the 31st GST Council Meeting.

    Tax revenue from the sale of lottery tickets has been a major source of Exchequer for the Government. Hence, it becomes pertinent to analyse the GST implication on the sale of