KnowyourGST-Blog on Indian Tax and Accountign Laws

GST PMT-08 Form

The New Form GST PMT-08 is used to make payment of self-assessed tax by all taxpayers under the new simplified GST returns. This form shall be used every month thereby replacing GSTR-3B for declaring and paying the monthly tax liability and claiming…

by Tax And Law Practitioners 18/08/2019 under GST

Tax Invoice, Debit and Credit Notes

Tax invoice.- Subject to rule 54, a tax invoice referred to in section 31 shall be issued by the registered person containing the following particulars, namely,- (1) Name, Address and Goods and Services Tax Identification Number of the supplie…

by Suresh Paramasivam 24/07/2019 under GST

ALL ABOUT COMPOSITION DEALER

A taxpayer whose turnover is below Rs 1.5 crore can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh. Before making a decision to choose a composition scheme, it is necessary that The …

by Manoj Agarwal 11/04/2019 under GST

Decoding GST Number

GST Number or GSTIN is a 15 digit identity given to business and service providers registered under GST (Goods and Services Tax). Every registered person is issued a valid GST Number to comply with GST laws. GST Number is public information about…

by Pulkit Sharma 08/04/2019 under GST

Simplified GST Returns Forms: Normal (RET 1), Sahaj (RET 2), Sugam (RET 3)

CBIC has uploaded the amended/ simplified GST Return forms on the GST Portal, i.e. Normal (RET 1), Sahaj (RET 2) and Sugam (RET 3), which are likely to be applicable from 1 July 2019 (2nd quarter of FY 2019-20), in view of the fact that CBIC has alr…

by Manoj Agarwal 26/03/2019 under GST

SAHAJ AND SUGAM FORM UNDER GST

Here is some good news for tax-paying businesses in India. 28th GST council meet held on 21st of July 2018 has introduced a simple GST return filing system for the taxpayers. The government has introduced Sahaj and Sugam forms for filing GST retu…

by Manoj Agarwal 26/03/2019 under GST

GST Verfication API with Contact Details

KnowYourGST is the leading provider of APIs to verify any GST number. Within a short span of time KnowYourGST has got leading companies as its clients. However, we keep getting lot of requests for API to provide even contact details of tax payers…

by Gst Payer 17/12/2018 under GST

SIMPLE EWAY BILL BULK TOOL FOR OFFLINE E-WAY BILL PREPARATION WITH MASTERS

It is a simple tool for generating GST E-WAY Bills using offline facility. The original tool provided by National Informatics Centre Bengaluru has been added with a facility for adding Master List Page and a Entrydata page. Rest of them are …

by Shijoy James 07/12/2018 under GST

GST Annual Return 9 Guide

GST Annual Return is the final return for a financial year that taxpayers have to file every year regardless of their turnover. Annual returns is a requirement that is mandated by GST laws. What is Annual Return GSTR-9 under GST? Annual Ret…

by Ali Ahmed Khan 07/12/2018 under GST

GST EXAM WHO IS ELIGIBLE AND WHO IS NOT FOR DECEMBER 2018 EXAM

There are confusion whether all the Registered GSTP's need to clear the exam. In this article I have tried to analyse the provisions of Act and throw light on whether GSTP exam is applicable to everyone or only few. As per provisions of GST A…

by Ali Ahmed Khan 24/11/2018 under GST

GST Practitioner Exam

GST practitioners need to pass an exam to continue their practice. This exam is conducted by The National Academy of Customs, Indirect Taxes and Narcotics (NACIN). As per provisions of GST acts, this examination is valid. Here are details abou…

by Gst News 21/11/2018 under GST

GST APIs For Developers

GSTN (Goods and Service Tax Network), the company which handles technological part of GST has issued various APIs for developers to build applications and help in compliance. Before we understand various APIs and how you can access these APIs, lets …

by Pulkit Sharma 17/11/2018 under GST

Know all about Tax Collected at Source (TCS) for e-commerce sector in GST

TCS mechanism under GST is applicable from 01 Oct 2018. Section 52 of the CGST Act, 2017 deals with the provisions of TCS mechanism under GST. It states that every e-commerce operator, other than an agent,shall collect an amount of tax @ notified…

by Hetal Kukadiya 04/10/2018 under GST

Top 5 GST Softwares

INTRODUCTION: Goods and services tax (GST) is an indirect tax imposed in India on the supply of goods and services. The tax came into origin from July 1, 2017. GST is charged at every stage in the production process, but is pay back to all partie…

by Keval Shah 29/08/2018 under GST

GST Returns Sahaj and Sugam

In recent GST council meeting, it was proposed to launch 2 new GST returns for small tax payers which will be replacing existing GST returns. As of now there is no format or planning is made public, so it is difficult to vouch about the usability…

by Gst Payer 30/07/2018 under GST