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Introductions GSTR 3B is one of the most important returns to be filed by GST registered taxpayers. This return is a declaration about the aggregate outward supplies and total Input tax credit received and availed. A taxpayer is required to report accurate figures of the outward liability and input tax credit claimed in a particular month. In this article, we will discuss the complete process of how to file or submit a GSTR-3B return. This is a completely online process. Step-1: Go to the  GST.GOV.IN.  This is the government portal where every taxpayer is required to file their GST returns. All the procedures of filing  GST returns ,  GST refunds , GST payments and every other process in respect of GST must be done on this government portal. However, a taxpayer can file their returns through GST software also. The Government has provided an API to software development companies to develop and run GST software to enable and help taxpayers to file GST returns in a much...

  Introduction: Application for GST registration is a quite simple and completely online process. You are required to take GST registration if the total turnover in the year crosses 40 Lakhs in case of goods and 20 lakhs in the case of services. Apart from the turnover criteria, there are some other instances also on occurrence of which you must apply for new GST registration . GST registration is compulsorily required on occurrence of following instances: if the total turnover in the year crosses 40 Lakhs in case of goods (Rs. 10 Lakhs for North-Eastern States, J&K, Himachal Pradesh and Uttarakhand)and 20 lakhs in case of services. If you are making inter-state supply If you are selling your goods or service on E-commerce platform If you are exporting your goods or services Casual taxable person Non-resident taxable person E commerce Aggregator If you are required to pay GST on a Reverse Charge basis. D...

  Introduction Incorporation of the private limited company brings along some of the important and mandatory compliances that need to be carried out at a particular interval of time. These compliances are mandatory and hence any delay in doing so may attract late fees and in serious circumstances heavy penalties also. So let us discuss what these compliances are. 1) Director KYC: Every director appointed in a company and having a valid DIN (Director Identification Number) will have to file Form DIR-3 KYC for the first time immediately after incorporation of the company. This KYC needs to be done once a year. While filing Form DIR-3 KYC for the first time you shall attach the director’s identity proof and address proof duly attested by a practicing professional. You will also be required to have the director’s mobile number and email id so that the contact details of directors can be verified through OTP (one-time password).   All the subsequent KYC of the director can b...