About GSTR-1 is a monthly or quarterly, based on the option opted by the taxpayer, return that should be filed by every registered dealer. It contains the details of all outward supplies(sales). GSTR-1 must contain the details of all sales and supply of goods and services made by the taxpayer during the tax period. The...
Continue readingWhat is the Letter of Undertaking in GST?
In order to Export goods or services, all the suppliers registered under GST Act are required to file a Letter of Undertaking (LUT) in Form RFD-11 on GSTN common portal to export goods and services without making payment of IGST. A letter of undertaking is required to be filed online before exporting the goods/services....
Continue readingWhat is GSTR 3B?
GSTR 3B is a return form introduced by the Government. It does not require invoice level information. It only requires total values, like a summary, for the month for which filing is done. GSTR-3B has to be filled by registered dealers from July 2017 till March 2020.GSTR-3B is a monthly self- declaration form. Every registered person...
Continue readingGSTR – 8 – Statement for E-commerce operator(ECO) for Supplies effected through it
E-commerce operator is a person who owns or manages a digital or electronic facility or platform for electronic commerce such as Flipkart, Snap deal, Amazon, etc. It is mandatory for all E-commerce operators to obtain the GST registration number as well as registered for TCS (Tax collection at source). An E-commerce operator(ECO) provides online...
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