All set for ITR Filing
ITR Filing season is here. Are you all ready for your tax filing? If you are a resident Indian and your net taxable income in FY 18-19 was up to 3.5 lakh, then this piece of information is for you. Go ahead, wish you a
Monthly Archives: June 2019
Presentation of Input Tax Credit in Annual Return
Case Studies on Presentation of Input Tax Credit in Annual Return There have been lot many errors while claiming Input Tax Credit by the Taxpayers. Some of very common errors was inadvertently claiming Excess ITC, Lapse of ITC, Claim of ITC under Wrong Heading, Deposit
100 FAQ’s on various issues in annual return
Basic provisions related to the annual return Q1. What is Legal provision for filling GST Annual Return? Ans. It is governed by section 35(5) and section 44(1) of CGST Act. Section 44(1) of CGST Act read with Rule 80(1) of CGST Rules requires that
Important clarifications on annual return by CBIC
Introduction: A press release is issued by CBIC. Important clarifications on annual return are provided in the press release. The taxpayer was in dilemma for many reasons. Many tables were showing incorrect data. The biggest mess was made by the help part of this return.
Data Flow in GSTR 9 and 9C
Introduction: Data Flow in GSTR 9 and 9C to file both forms. This article is based on the presentation on GSTR 9 and 9C form. Various issues related to these forms are also covered. Possible solutions to those issues are also provided. There are many
