We have entered ‘inward supplies’ as ‘reverse charge inward supplies’ in GSTR 3B – Now what to do?

By Paras Mehra August 23, 2017

Taxpayers under GST are filing their returns in a hurry and committing a lot of mistakes which is leading to a lot of confusion for them. Under this article, we shall discuss one of the queries which have led to additional tax liability for the tax payers

Wrong challan payment made for CGST instead of IGST for export of goods/Services – What to do?

By Paras Mehra August 23, 2017

We are exporter and we do not sales any item in India. We have made wrong challan and paid around Rs.560,000 in CGST instead of IGST. Is there any way to get back the wrong amount in our bank account so that I can make payment with correct code in IGST?

GST training for Accountants in Delhi, gurgaon and Noida – with free invoicing software – The best professional training

By Paras Mehra August 22, 2017

Various companies and their accountants finding it difficult to work under GST and hence they are looking for someone who can provide personal training to their accountants so that they can become effective and can handle the complicated GST transaction a

Offsetting IGST payment with CGST or SGST – Cross utilization of IGST, CGST or SGST payments under GST

By Paras Mehra August 22, 2017

Taxpayers are filing the GST tax return (GSTR 3B) for the first time and mostly people are making mistakes as they are confused between the three different acts. Many taxpayers has paid IGST instead CGST and while some others has paid vice-versa.

How to correct/change details in GSTR – 3B return after submitting it online - Revise GSTR 3B online

By Paras Mehra August 21, 2017

Taxpayers who have already filed the GSTR return are looking for the option to correct the mistake committed while submitting GSTR 3B. However, they are not able to find any link or button on the GST website, where they can correct GSTR 3B.

Clarification on GST on Commercial property (Renting Income) – What to charge (CGST/SGST or IGST) in case of renting services

By Paras Mehra August 17, 2017

A lot of taxpayers are facing issues over GST on renting of commercial property. To clear all the ambiguity across this issue, we shall explain the concept with practical example.Under GST, renting of commercial property taxable and not exempt under GST.

Documents required for filing of bond for Export of Goods/services under GST

By Paras Mehra August 16, 2017

To export under GST without payment of tax, one needs to file the bond or LUT to the GST department. If you do not choose to file the bond or LUT for exports, then you shall need to charge the GST on exports and apply for refund later on.

Documents required for filing of Letter of Undertaking (LUT) for Exports under GST

By Paras Mehra August 16, 2017

If you are a large exporter under GST, then you can export without payment if you file the LUT to the tax department. LUT is the letter of undertaking by the exporter that he shall fulfill all the required norms for export under GST.

Exporters: Bank Guarantee not required for bond under GST if you are registered with Export Promotional Council (RCMC)

By Paras Mehra August 16, 2017

To provide relief to lakh of small exporters of goods or services under GST, government has done away with the requirement for bank guarantee for filing of bond in some cases. Previously, to submit bond, a bank guarantee is required to be filed.