Sep 262017

Accounting Entries in case GST paid under Reverse Charge Features of reverse charge mechanism of payment of tax on certain supply of services under GST: The bulleted points of the above discussion are as below: Reverse charge is a mode [Read More]

Sep 102017

Deadline for filing GSTR 1 extended to 10th October 2017 S.No. GSTR Form No. Tax Period Revised Due Date 1 GSTR-1 July 2017 10-Oct-2017 1.1 GSTR-1 (Turnover more than 100 crore) July 2017 3-Oct-2017 2 GSTR-2 July 2017 31-Oct-2017 3 GSTR-3 [Read More]

Sep 082017

Accounting entry in case of export & import of goods under GST Accounting entry in case export: Accounting entry for exports of goods is based on your choice of procedure adopted for taxation of supplies. Export supplies under GST are [Read More]

Sep 072017

GSTR – 1: Return of Outward supply Why to file GSTR 1: The need for filing GSTR 1 arises from section 37 of the CGST act and same is reproduced below: Every registered person, other than: An Input Service Distributor, [Read More]

Sep 062017

Extension in date of filing GST Returns for July 17 and August 17 S.No. GSTR Form No. Activity July 2017 August 2017 Comments 1 GSTR 3B Summary and Payment 25-08-2017 20-09-2017 The return for the month of July 17 can [Read More]