GST

GST Form DRC-03 Overview GST Form DRC-03 is a voluntary tax payment form whereby the taxpayer can make the payment voluntarily or in response to the show-cause notice issued by Government Department. GST Form DRC-03 […]

44th GST Council Meeting was conducted on Saturday,12th June 2021. Within a span of 15 days, the Council met for a virtual meeting again to discuss the rate cut on COVID essentials under the Chairmanship […]

GST Due Dates extended due to COVID Non-QRMP Taxpayer (Regular Taxpayer filing monthly returns in GSTR 1 & GSTR 3B) QRMP Taxpayer (Regular Taxpayer filing quarterly returns in GSTR 1 & GSTR 3B ) Composition […]

43rd GST Council Meeting was held on Friday,28th May 2021.  Finance Minister Nirmala Sitharaman chairs the virtual meeting which was held after a gap of more than seven months.  The last GST Council Meeting i.e […]

GST Updates July 2021 6th July 2021 Ease of compliance for QRMP taxpayers   June 2021 30th June 2021 Penalty u/s 125 will not be levied if a registered person fails to comply with provisions […]

Under the GST regime, taxpayers can file a refund application in Form GST RFD-01 for excess balance in electronic cash ledger or electronic credit ledger of tax, interest, penalty, fees, or any other amount. The […]

Summary Analysis based on the practical experience faced by the taxpayers who have opted for the QRMP scheme introduced by the Government. Considering the nitigrities expected from the taxpayer by the scheme I have listed […]

Impact on Service Providers due to amendment in GST Rule 62 Overview To reduce the compliance burden and pay lower rates of taxes, small taxpayers were provided with an option to register for composition levy […]

Overview FASTag provides information regarding the movement of a vehicle when it crosses/passes through a toll plaza. Tracing and tracking the vehicle has become easy through messages. It is a rechargeable tag that facilitates the […]