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The compilation of Frequently Asked Questions (FAQs) on GST brought out by the National Academy of Customs, Indirect Taxes, & Narcotics (NACIN), the apex training institution under the Central Board of Excise & Customs (CBEC), has been extremely well received. The first edition of GST FAQs was released on 21st September, 2016 by the Hon’ble…

Read More CBEC released FAQ’s on GST updated as on Jan 1st 2018 – Pdf ( 238 pages )

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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