GOODS AND SERVICES TAX BLOG

1.A tax payer may now file NIL Form GSTR-1, through an SMS,  apart from filing it through online mode, on GST Portal. To file NIL Form GSTR-1 through SMS, the taxpayer must fulfil following conditions: They must be registered as Normal taxpayer/ Casual taxpayer/ SEZ Unit / SEZ Developer. They have valid GSTIN. Phone number of Authorized signatory is registered on the GST Portal. No data should be in saved or submitted stage for Form GSTR-1 on the GST Portal, related to that respective month. NIL Form GSTR-1 can be filed anytime on or after the 1st of the subsequent month for which the return is to be filed. Taxpayer should have opted for the filing frequency as either monthly or quarterly. NIL Form GSTR-1 for a tax period must be filed by the taxpayer if: There are no Outward Supplies (including supplies on which tax is to be charged on reverse charge basis, zero rated supplies and deemed exports) during the month or quarter for which the return is being filed. No Amendments is to be m

HOW TO LOSE WEIGHT IN 10 DAYS:  USEFUL RESULTS AND A-10 DAYS DIET PLAN Our 10 days secrets to achieve their target weight this year. follow this simple 10 days diet plan to achieve results. If you are trying to lose weight gained during the holidays or to fit back into your bathing suit for the  summer , or simply to lead a healthier lifestyle, you know it is a task that needs time and patience. We are all guilty of trying all sorts of diets and  fitness  tips to lose those extra pounds. While some have been successful in meeting their goals adopting extreme measures, others have struggled and struggled to a point that have made them give up hope. So here are my 10 secrets to help to acheive your target this year. Top 10 secrets to reboot your body and fresh start to lose weight. Start your day with a workout. Set up your alarm 20 minutes early and schedule your workout first thing in the morning. Studies suggest that people who exercise in the morning are relatively slimmer and health

Several decisions have been taken in GST council meeting in order to promote tourism,” Nirmala Sitharaman stated at time announcing rate cuts down on hotel bills. The GST Council meeting on 27 th , Sept announced reduction in tax rates for the hotel industry, taking the entire sector out of the 28% tax rate slab, the highest under the GST regime. The all-powerful panel also announced tax relief on outdoor catering, move down the GST rate for the service to 5% from the earlier 18%. There was no joy for the ailing automobile sector, though, which has been clamoring for a rate cut in face of its worst sales performance in the past two decades. In a meeting chaired by FM Nirmala Sitharaman, the GST Council decided to increase taxes on caffeinated drinks – which includes energy drinks and cold drinks to 28 percent from 18 percent. Govt also introduced an additional 12 percent cess on beverages. During a press meet after the GST Council meet, FM Sitharaman said that the ministerial groups un

  Gst is a  huge reform for indirect taxation in India, the likes of which the country has not seen post Independence . GST will simplify indirect taxation, reduce complexities, and remove the cascading effect. Experts believe that it will have  a huge impact on businesses both big and small, and change the way the economy functions. The  ebook  will help you understand the basics of GST, important terminologies and concepts, and how this might affect your business in the long run. Students of finance, business professionals, entrepreneurs, tax practitioners and accountants will find this e-book comprehensive and helpful in understanding GST. Comprehensive: GST will subsume all of the current indirect taxes. Plus, by bringing in a unified taxation system, across the country, it will ensure that there is no more arbitrariness in tax rates. Multi-stage: GST is levied each stage in the supply chain, where a transaction takes place. Value-addition: This is the process of addition to the va