API for getting GSTIN Details, Validate GST number
Update: Read full documentation at Developer Home Page after login. Documentation are updated with following changes:      >>API_KEY will be no longer a query-string, to be included in HEADERS. Read documentation, as you will need to add header along with GSTIN in pa... Click to read full article

Pulkit Sharma 18/05/2018 under GST

GST Eway bill Compile error in Hidden module sheet 3 and date format error solved
Eway bill is a mandatory document for transporting goods, for which value consignment exceeds Rs. 50,000. It is now mandatory for both interstate and intrastate transaction.  Generating an E way bill is only possible through the website - https://ewaybill.nic.in/ or https://ewaybil... Click to read full article

Shijoy James 11/06/2018 under GST

GSP and ASP model of GSTN is injustice with startups and small businesses
GSP or GST Suvidha Providers are companies appointed by GSTN which can have access to GSTN server through APIs. It sounds good. But, the conditions to become a GSP are so strict and one sided that startups and small businesses can never become a GSP. Further ASP are application providers... Click to read full article

Pulkit Sharma 11/05/2018 under GST

How to avoid frauds in online shopping?
KnowyourGST was launched by me in 2017 to provide free information and help on GST laws, which was launched in July 2017. Within a short time, KnowyourGST became one of the top website of India. Website received more than 5 lakh visitors each month in initial stage of GST launch. Along with... Click to read full article

Pulkit Sharma 10/05/2018 under General

How to file income tax return for salaried employee using ITR-1
Filing income tax return for a salaried person is very simple. If you are earning only from employment and do not have any other source of income except interest on saving bank accounts, you need not to hire any consultant for filing your income tax return. I will show you steps to file you... Click to read full article

Pulkit Sharma 04/01/2018 under Income-Tax

प्रधानमंत्री मुद्रा योजना | मुद्रा लोन योजना | Pradhan Mantri Mudra Yojana in Hindi
मोदी सरकार ने जरूरतमंद की मदद के लिए कई योजनायें शुरू की है. उन्हीं में से एक है मुद्रा लोन योजना, इसे प्रधानमंत्री मुद्रा योजना भी कहा जाता है. इस योजना का उद्देश्य उचित ब्याज दर पर लोन उपलब्ध कराने के रूप में वित्तीय सहायता प्रदान करना है. यह व्यापार लोन के आकार पर निर्भर करती है और उसी के अनुसार पेशकश की ज... Click to read full article

Gagan Jain 03/05/2018 under General

GST helpline customer care and contact number
One good thing with government portal whether it is GST, MCA or Income Tax is that they have established customer care and technical teams to understand concerns of users. Goods and Services Tax (GST) departments has a customer care or user grievance cell to address the issues faced by tax pay... Click to read full article

GST Payer 25/04/2018 under GST

E-way bill in case of Bill to Ship to transactions
Bill to Ship to transaction is one where a buyer asks seller to send goods directly to ultimate buyer. For example, A placed an order with B to supply goods directly to C. In case of Bill To Ship To transactions people are confused about generating E-way bill. Earlier the procedure provi... Click to read full article

Pulkit Sharma 23/04/2018 under GST

Job portal for accounting and financial professionals
KnowyourGST was launched a year back to provide free information on to be launched GST law. However within a short span of time, we have become a strong community of monthly 2.5 lakh users. With a mission to continuously update our services and help users, a new job portal is launched to conne... Click to read full article

Pulkit Sharma 07/04/2018 under General

Annual compliance for Foreign Companies and branch in India
Annual Compliance under companies Act, 2013 As per section 2 of Companies Act, 2013, “Foreign Company” means means any company or  body  corporate incorporated outside India which – has a place of business in India whether by itself or through an agent, physic... Click to read full article

CA Ankit Sharma 06/04/2018 under Legal

How to apply Letter of Undertaking (LUT)?
You can export goods or service or both without paying IGST. To export goods without paying GST, you have to furnish Letter of Undertaking with GST department. Earlier you had to file LUT offline in form RFD-11, however now the process to furnish LUT is being made online. Now you can apply for... Click to read full article

Pulkit Sharma 28/02/2018 under GST

Download Advance Tax Calculator in MS Excel
Under Income tax act, advance tax is the mechanism by which Central Government collects taxes payable in the assessment year in previous year itself. Under Income tax act, advance tax is required to be paid by all the assessees, if there is a tax liability in their hands, except - ... Click to read full article

CA Ankit Sharma 02/04/2018 under Income-Tax