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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

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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

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Point of taxation and time of supply

Point of taxation under GST is at the time of supply of goods or services or both. Liability to pay tax arises at the time of supply of goods or services or both. It is very important to understand concept of time of supply to compute the liability of output tax. What is time of supply in G... Click to read full article

Pulkit Sharma 27/05/2017 under GST-Guide , GST-compliance , GST-Basics , GST-Tax , GST-Invoice , GST-Records

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GST compliance rating score and how to improve your GST rating score

Every registered person under GST is given a compliance rating. This rating number depends on timely tax payment, timely and accurate return filing and fulfilling other requirements. Section 149 of CGST act, specifies that Every registered person may be assigned a goods and services tax comp... Click to read full article

Pulkit Sharma 15/05/2017 under GST-Rating , GST-Rules , GST-Documentation , GST-compliance , GST-Basics , GST-Records

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Accounts, records and audit under GST

Every registered person is required to keep accounting books up to 72 months the due date of filing annual return for a particular year. For example, for the financial year 2017-18, accounting records must be kept up to December, 2024. Reason being 72 months from due date of filing the annual ... Click to read full article

Pulkit Sharma 26/04/2017 under GST-Accounting , GST-Guide , GST-Records , GST-Audit