KnowyourGST-Blog on Indian Tax and Accountign Laws

WHAT IS AN E-WAY BILL UNDER GST AND HOW TO GENERATE AN E WAY BILL - Video tutorial

WHAT IS AN E-WAY BILL UNDER GST An E-WAY bill is a mandatory transport document for the transportation of Goods under GST regime. It will be a compulsory document for both Interstate and Intrastate transport for consignments with VALUE EXCE…

by Shijoy James 23/01/2018 under GST

GST Registration Online

GST (Goods and Services Tax) registration can be done online in very simple steps. You can hire a consultant who can do this job for you, or you can do it yourself. Almost every service that can be completed online, is made easier and similar …

by Pulkit Sharma 22/01/2018 under GST

Filling offline GSTR1 is a nightmare

Filing GSTR1 thru offline utility is a nightmare. This is a curse on filers like CAs. When you download the utility and run the exe file, many a times the installation hangs. It is just 36mb files but for only reasons known to God…it ta…

by Navin Gadidala 11/01/2018 under GST

Input Tax Credit in GST - Checklist

Having an expense invoice is not enough to claim input tax credit under GST. Expense tax invoice is only one requirement. To get the benefits of claiming ITC on purchases you need to have proper documents and also make sure your supplier is compl…

by Pulkit Sharma 02/01/2018 under GST

Learn and understand E-way Bill rules and applicability under GST

Every person who makes an outward supply for goods having value more than 50,000 or makes an inward supply for goods having value more than Rs. 50,000 from an unregistered person has to issue an E-way bill. Chapter XVI of CGST rules lay down the …

by Pulkit Sharma 29/12/2017 under GST

ITC-04 for manufacturers to file details of inputs and capital goods sent and received for Job Work

Every manufacturer who sends goods to his job worker, needs to send goods with a challan. Details of all such challans issued during a quarter needs to be filed using form ITC-04 before 25th day of month succeeding last quarter. For example, ITC-…

by Pulkit Sharma 26/12/2017 under GST

GST return status changed from filed to submitted and had to pay late filing fee

Is GST technical team or Business Analyst team capable of understanding issues and fixing them on time? Yesterday was a shocking day, last month I filed return for a client for October month (GSTR-3B), however when he was filing his November mont…

by Pulkit Sharma 21/12/2017 under GST

GST Services - Payment Create Challan - Mobile Number is invalid error

GST Services - Payment Create Challan - Mobile Number is invalid error Several dealers are complain that while generating the Chalan, there is an error shows up 'MOBILE NUMBER IS INVALID" To overcome this issue , the dealer have to…

by Shijoy James 26/10/2017 under GST

GSTR 3B - Save GSTR 3B error for July 2017 return

GSTR 3B - Save GSTR 3B error for July 2017 return Some dealers are complaining that they are experiencing an error message while clicking the button SAVE GSTR 3B. This issue can be solved by following methods First go the INTEREST AND LATE …

by Shijoy James 26/10/2017 under GST

Invoice uploaded but GSTR 1 not submitted by the Supplier

Some common software glitches are yet to find a solution by GSTIN 1. GSTR 2 - Invoice uploaded by the Supplier. But the supplier failed to submit GSTR 1 In such cases the receipient should add those invoices , which have been displayed in GSTR…

by Shijoy James 26/10/2017 under GST

Late fee on delay in GST return filing

If you missed to file your GST returns on time, you will have to pay late filing fee. Government started charging late filing fee from August 2017 itself. In this post I will share with you a calculator to estimate the late filing fee you have to p…

by Pulkit Sharma 22/10/2017 under GST

Opinion on not taxing petroleum products under GST

GST – One Nation One Tax – is an initiative by the Government to eliminate various indirect taxes and incorporate all of them into one, thereby reducing the tax complexity. But five products viz petroleum crude, high-speed diesel, motor …

by Swati Kharkia 10/10/2017 under GST

Notification No. 37 /2017 – Central Tax export with LUT without payment of GST

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue ) [Central Board of Excise and Customs] Notification No. 37 /2017 – Central…

by Gst Payer 06/10/2017 under GST

How to use offline utility for filing GSTR-1 return on GST portal

GSTN has released the offline utility to file form GSTR-1. GSTR-1 is the form to upload details of your outward supplies. It is a return which needs to filed every month and due date is 10th of next month. For example, for the month of Septemb…

by Pulkit Sharma 07/08/2017 under GST

Form GSTR-3B for filing GST return of month July and August 2017

July month just got over and here we are past one month of GST being rolled out. August 2017 is a very crucial and important month for every tax payer, as this is practically the first month everyone has to file a GST return for the supplies made…

by Pulkit Sharma 02/08/2017 under GST