Complete procedure to GST registration

The procedure to register under GST is made simple. As per me compared to earlier laws, registration under GST is simplest. I have tried to cover the registration provision of CGST ACT, 2017 as well as Registration rules along with application rules to provide a guide on registering your busin... Click to read full article

Pulkit Sharma 22/04/2017 under CGST-Act , GST-Guide , GST-Registration


List of GST HSN code with product description and Tax rate

The most confusing part in entire GST compliance cycle has been finding the correct GST tax rate applicable on different goods. Government has released the list of items with applicable tax rates. I have taken this list from CBEC website. You can use it to find out the applicable tax rate on diff... Click to read full article

Pulkit Sharma 14/07/2017 under GST-HSN , GST-Rates


GST Invoice format in Excel and PDF

The government notified rules for a tax invoice. A tax invoice issued by a registered person should contain details as required. I have drafted an invoice in MS Excel and PDF format, which you can use for reference purpose. Alternatively, you can use online invoicing software for GST. Downl... Click to read full article

Pulkit Sharma 12/05/2017 under GST-Invoice , GST-Records , GST-Rules , GST-Documentation , GST-Software


जीएसटी बीजक केसे बनाये? - GST tax invoice in hindi

अगर आप चिन्तित हैं की GST BILL KESE BANAYE तो आप बिलकुल सही लेख पे आए हैं। मेरा ये लेख आपकी सारी चिंता दूर कर देगा। में आपको GST के तहत बनाए जाने वाले BILL यानी की TAX INVOICE की पूरी जानकारी दूँगा और साथ में ही ये भी बताऊँगा की कोनसा SOFTWARE आप इस्तेमाल कर सकते हैं। जीएसटी देश में लागू होने... Click to read full article

Pulkit Sharma 25/06/2017 under GST-Hindi , GST-Invoice


Cost analysis for small traders under composition levy scheme and normal tax levy

Whether to go for composition levy or normal levy is the main question asked by small clients. I got a call from a client who deals in materials falling under tax rate of 28%, his question was whether he should opt for composition levy or normal levy. He presented following numbers to calcu... Click to read full article

Pulkit Sharma 20/06/2017 under GST-Rules , GST-Composition


GST returns - due date list

If you are registered under GST, you need to file monthly returns. Every month a single monthly return with summary of outward supply and inward supply will be the main return. However to file this monthly return you have to first file the outward supply information and inward supplies return.... Click to read full article

Pulkit Sharma 18/06/2017 under GST-Returns , GST-Rules


GST contest to test your knowledge and win free gift

First 50 winners will get a surprise gift. Total 17 questions are added in this quiz. You need to answer each to get 100% result. Question asked are basic in nature and are related to GST registration, composition scheme, GST Invoice. Quiz is for beginners and very soon I will post another qu... Click to read full article

Pulkit Sharma 16/06/2017 under GST-General


How to generate GST tax invoice?

I will show you how to generate bills of supply and Tax Invoice. A Tax invoice is very important document, you must posses invoices of your purchases/inward supplies to claim input credit, in same manner your buyer should have the valid tax invoice to claim input tax credit. From July 1, 2017 ... Click to read full article

Pulkit Sharma 12/06/2017 under GST-Software , GST-Invoice


Best GST invoicing software for free

Understand GST tax invoice, as an accountant the first thing under GST you will have to do is to create an invoice for outward supplies made. You will have good time before filing returns. But, you have to start issuing bill to customers under GST regime as soon as GST registration is obtai... Click to read full article

Pulkit Sharma 08/06/2017 under GST-Software , GST-Invoice


GST Accounting with ledgers and double entry system

With Goods and Services Tax law there will be changes in way you account your business transactions and maintain tax records. One benefit every tax payer will have is availability of Electronic tax ledger at GST portal. Your accounting data should match the details available at GST portal. Acc... Click to read full article

Pulkit Sharma 03/06/2017 under GST-Accounting , GST-Rules , GST-Documentation


GST Reverse Charge mechanism and rules with accounting entries

Reverse charging mechanism a procedural way of discharging tax liabilities and formalities by buyer of services or goods or both instead of seller. For example, a transaction will be considered as reverse charge if tax is payable by buyer instead of seller. GST reverse charging provisions a... Click to read full article

Pulkit Sharma 01/06/2017 under GST-Registration , GST-Rules , GST-compliance , GST-RCM , GST-Accounting


List of different forms under GST

The form naming system under GST is impressive. They have named forms in such a simple manner that understanding nature of form becomes easy. Form example all the forms for return filing will are named as GSTR-1, GSTR-2 etc. and similarly forms to apply for a practitioner are named as GST PCT-... Click to read full article

Pulkit Sharma 27/05/2017 under GST-Rules , GST-Documentation , GST-compliance , GST-Notice , GST-Forms , GST-Records