Statement for E-Commerce Operators – GSTR 8 Form

In the previous article, we have discussed the impact of GST on e-commerce businesses. While continuing it we will see the all the return filing requirements from an
e-commerce company. Here we will discuss on the GSTR 8 Form.

GSTR-8 Form filling requirements

Under GST rule, who needs to collect tax at source (TCS) like e-commerce operator should submit a statement in …

Return Filing by Composition Dealer – GSTR 4 form

It is expected that 8 million business will get registered under the upcoming GST rule. Monitoring a huge number of the taxpayer will be the tough job for Government. To, reduce the workload government launch Composition Scheme. Under this scheme registered taxable person is required to furnish only one return on a quarterly basis. Know more about GSTR-4 Form. Registered under …

GSTR 3 Form

We discussed earlier various heads under GSTR-1 and GSTR-2. Details of outward supply for GSTR-1. Similarly, Details of Inward supply or purchase required for GSTR 2. Here we are discussing various heads and their information source under GSTR 3 form. Every registered taxpayer is required to file monthly return before 20th of next month.

Filling of Monthly Return under GST GSTR 3 form and Information how to …

GSTR-2

What Is GSTR-2?

If once Sales information filled up by suppliers during the month in form GSTR-1, it is now the task of recipients to file their receipts of goods or services in Form GSTR-2 and it has to be filled by the 15th of next month and 5 days after the filling GSTR-1 There is a provision of penalty if GSTR-2 in not filed on time.

Who needs …

How to Save Income Tax?

Income From House Property

1) Interest benefits on Housing loan: Some people won't housing loans but now it will be beneficial for the taxpayer. From the tax POV, they may claim tax deduction under section 80C but it should not exceed from Rs 1,50,000/-. Gross value for tax purposes is taken as NIL and claiming deduction results in loss under the head ‘Income from house …