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Overview GSTR 1 1. What is GSTR 1? GSTR 1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services. 2. Who is required to file the GSTR 1?…

Read More FAQ’s on GSTR-1, GSTR-2A, GSTR-3B

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1. What is the Electronic Cash Ledger? The Electronic Cash Ledger contains a summary of all the payments made by a taxpayer. In the ledger, information is displayed major head-wise i.e., IGST, CGST, SGST, and CESS. Each major head is further divided into five minor heads: Tax, Interest, Penalty, Fee, and Others. It can be…

Read More Electronic Cash Ledger under GST regime with FAQs

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Goods and Services Tax is set to bring along a new regime of business compliance in India. Large organizations have the requisite resources and expertise to address these requirements. On the flip side, many startups and Small and Medium Enterprises (SMEs) may struggle to comply with these provisions. To resolve such scenarios, the government has…

Read More Composition Scheme Under GST – FAQ’s