As per a recent announcement from the Central Board of Indirect Taxes and Customs, some goods providers with an annual turnover of less than Rs./10 lakh are exempt from GST…

GST registrations for proprietorship: Everyone who makes taxable intra-state supplies of goods or services with a yearly aggregate turnover of more than Rs 20 lakh (Rs 40 or Rs 10…

GSTR 4 is a form that approved taxpayers who have signed up for the composition scheme must submit a return once every three months. They are also called composition vendors.…

The GSTR 7 is a paper or declaration submitted by individuals who subtract tax from payments made to suppliers for inward supplies received. This return would include the specifics of…

The GSTR 10 is a document or statement which a GST registered individual must file if they want to terminate their GST registration or close their company, be it willingly…

GSTR-2 is a purchase return that must be submitted by all GST licenced individuals. In the GSTR 2, taxpayers must insert information about their inward supplies. The GSTR-2 is a…

GSTR 2A contains information related to the purchase that the GST portal produces automatically for each company. Whenever an individual submits his GSTR-1, the data is recorded in GSTR 2A.…

In comparison to GSTR 1 and GSTR 2 forms, GSTR-3B is essentially a monthly self-declaration submitted by a registered individual. It is a compiled collection of inward & outward supplies…