GST on collection of membership charges & reimbursement from the members of cooperative society

By Garima Sahi September 7, 2017

GST is still a mystery for most of the taxpayers and therefore, people are not taking steps until and unless they are 100% sure. Therefore, in order to provide clarity to the subject matter, the government has issued a FAQ based circular.

Penalty for Nonfiling of GST return (GSTR 1 and GSTR 2) – Late fees for not filing of outward and inward return

By Paras Mehra September 6, 2017

If any registered person fails to furnish details of outward or inward supplies of return before the due date then he shall be liable to pay the penalty (late fees) of Rs.200 per day subject to a maximum of Rs.10,000/-.

Penalty on late GST registration or failure to take GST registration in India – Penalty for non-GST registration

By Paras Mehra September 6, 2017

As per GST act, there is no direct penalty for failure to take GST registration in India. However, there is an indirect penalty which shall be levied if any person fails to take GST registration. The maximum penalty that can be levied in this case is 25K.

Penalty for nonpayment of GST or Input Credit wrongly availed or utilized under GST by way of fraud or otherwise

By Paras Mehra September 6, 2017

This is one of the most discussed penalties under the GST law because it shall be levied in every case where tax is not paid or short paid. Section 73 and section 74 of CGST act governs this penalty.

Penalty for wrong issuance of invoice under GST – Penalty for raising incorrect invoices under GST

By Paras Mehra September 6, 2017

Issuing the correct invoice in consonance with the GST rules is the most important thing in GST. This is because everything under GST like return filing, tax payment is dependent upon invoices.

GST Registration Process for New Users/dealers: 5 Step Guide to Register GST Online

By Garima Sahi September 5, 2017

GST registration in 5 simple steps for all the new users/dealers. Though it may look easy, but it is not because of the technical terms included.

Solutions for all errors/mistakes made in GSTR 3B – Procedure to correct all mistakes made in GSTR 3B via GSTR 1, 2 & 3

By Paras Mehra September 5, 2017

We have been receiving a lot of queries on mistakes made by the taxpayers in India and since GSTR 3B cannot be revised, it makes the taxpayers worried about the possible consequences due to errors committed.

Waiver for GST taxpayers – No late fees for late tax filing for the month of July

By Garima Sahi September 4, 2017

A big sigh of relief for all the GST enrolled taxpayers! The government has decided to waive entire late fees for taxpayers who were not able to file their July returns within stipulated time.

Don’t Tax my periods - It is not a luxury but a necessity for all woman in India – GST on sanitary Pads in India

By Garima Sahi September 4, 2017

Can periods be considered under a luxury? Do we choose to menstruate? It's not like we have an option of not menstruating. We can’t seem to understand if our government is inconsiderate or blind towards women.