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What is Goods and Service Tax Act? Goods and service Tax Act is a law of Goods and Service Tax system in India.  It is also called as GST ACT 2017. The GST Act is passed in the parliament of India by making amendments in Constitution of India.  GST act provides the complete information of this tax system.   However, in order to execute this system there are GST rules, which describes how things should be done and who should do it. GST ACT Types GST Act is general term used for Goods and Service Tax ACT 2017.  However, in the eyes of law Goods and Service Tax ACT is a combination of: CGST ACT (central goods and service Tax) IGST ACT (Integrated Goods and Service Tax) UTGST (Union Territory Goods and service Tax ) Further, above acts are combination of many sections.  Each act has got sections which may differ from each other.  However, CGST sections are the main source for these acts.  Continue Reading Goods and Service Tax Act , section wise. 

if you are a end consumer of product then you can not see the tax breakup on the package. Thus, you can see only the Maximum Retail price(MRP )which always includes all taxes and duties. However, if you are involved in business to business(B2B) transaction then your supplier must give tax break up on the GST invoice . Thus, you can make out what is the basic price of the goods you purchase, discount if any, tax, freight etc.   Further, based on such tax invoice you can take input tax credit on such purchases.  Therefore, you supplier must issue proper invoice as per GST rules.

As a GST Registered person, How to file GSTR 9 online will be your frequent question. Here is the complete step by step guide to filing your GSTR 9 annual return under GST . This guide will teach you how to fill gstr 9 annual return online. Read more about gstr 9 meaning under Goods and service tax in India. Issues and Solutions while Filing GSTR 9 Here are some of the issued resolved faced by many taxpayers while filling GSTR 9 return. These steps will clarify how to fill gstr 9 form in offline and online mode. This clarification is prepared by taking the help of many videos and online articles provided by GSTN. Issue no. 1 The figures of Input Tax Credit (ITC), as pre-populated in table 8A of Form GSTR 9, do not match with the figures as appearing in their Form GSTR 2A. This may happen due to below reasons: Solution A Figures in GSTR-2A are auto–populated based on GSTR 1 filed/ saved / submitted by the supplier taxpayer.  However,  the figures in tab

Here is the difference between LR, CN, and E way bill. LR is an lorry receipt, which you get once you upload your goods in the lorry/truck. This is an receipt acknowledgement from the transporter. CN is a Consignment note which is similar to the lorry receipt. Consignment note is a note which any transporter/courier company generates to take your material to the recipient. E way bill is an electronic document shall be carried by transporter of goods in addition with consignment note/LR. E way bill is a requirement of government to safeguard the revenue and to avoid tax evasion. With the help of e way bill the government ensures that no material is carried without making proper invoice and evading taxes. Learn more updates on E way bill at GST Latest News and updates as on today !

yes, you can generate multiple e way bills in one go. For that you need to use bulk e way bill generation tool . This is an excel template where in you need to enter all your outward/inward supply details. Once your file ready, you need to generate json file. Further, you need to logon on e way bill portal. Go to e way bill portal >> click on Generate bulk >> upload the json file. Thats it. In this way you can generate multiple e way bills in one go.

The GST council has recently introduced a new GST return filing System. The new return system filing includes single return filing with annexures of outward and inward supplies. The taxpayer needs to attach this annexure while filing his regular GST RET 1 Return . Thus, here you will learn the meaning of GST Anx 1, Download GST Anx 1 format in Excel for offline filing and how to complete this annexure. What is GST ANX 1 under GST GST ANX 1 is an annexure of GST RET 1 Return. GST Annexure 1 is a replacement for GSTR 1 Return , which is currently filed on monthly by the taxpayers. It contains all the details related to outward supplies and inward supplies attracting a reverse charge. Thus, the taxpayer has to fill submit these details to the GSTN on GST portal . The GST Anx 1 can be prepared in mode to generate a JSON file. Later, the taxpayer can upload this file on GST portal to submit the details. Similarly, taxpayer can also fill the above d

GST RET 1 is a normal return under GST. This return shall be filed on a monthly basis. However, the taxpayer can choose the quarterly/monthly filing option at the beginning of the financial year according to their turnover. The GST RET 1 format got approval in 28th GST council meeting . Further, the taxpayer will have to upload the outward supplies and inward supplies details in GST RET 1 return. Thus, after implementing this return, taxpayers will not have to file GSTR 1 return additionally. You can download GST RET 1 format in Excel as soon as it is available on this page. On the other hand, you will able to download GST RET 1 in pdf also. Similarly, you will find below the online filing instructions of GST RETURN. Who shall file GST RET 1 Return All Taxpayers registered under GST shall file GST RET 1 return. The taxpayers having turnover below 5 crores will have an option to file Return Quarterly. However, the payment of taxes shall be made o

The bulk e way bill generation tool is an excel utility.  Download bulk e way bill template and start doing e way bill bulk upload in a single shot. This e way bill offline tool will generate json file of all entries in excel template. You can find this tool by searching on our home page. Type in search box as bulk e-way bill generation tool download or e way bill json file download. Also, you may type e way bill json format download, e way bill offline tool, e waybill converter tool, e waybill excel format, e-way bill json preparation tool and e-way bill system (offline tool). Therefore use this utility to convert excel data into JSON file only. JSON file has to be uploaded on the eway bill portal. Also, this utility is useful if you have a large number of invoices to generate eway bill. Who can use bulk e way bill generation tool E way bill is an important tool for those, who want to prepare e way bill generation data in offline mode.   Therefore, this e