GST Registration Status Active Pending Verification & GSTIN ID

Most of existing service tax and vat registered businesses have applied for GST registration through provisional id and password. But their current GST application status remains 'active pending verification'. What's the meaning of this status, how to get GSTIN ID and provisional GST registration certificate. more

GST Invoice Format in India

GST (Goods & Service Tax) is a landmark indirect tax scheme in India and is going live from July 1st, 2017. As part of GST, all previous indirect taxes like service tax and vats are now being replaced with GST. Thus all new invoices that are created from July 1st 2017 need to be based on latest GST rules.

Lot of businesses as well as finance professionals are currently struggling to find the gst invoice format. Please note that under GST, there are two type of invoice. First is GST Tax Invoice and second is called Bill of Supply. Bill of supply is used where the seller is not allowed to charge GST tax (this can happen if the items are exempt from tax under GST or the seller is using GST composition scheme). In all other cases, GST tax invoice is raised.

This article explains the details for invoicing under GST and how to include CGST, SGST, and IGST in the invoice. more

GST GOV IN - Login @

GST.GOV.IN is the main GST portal for all GST related activities - i.e., uploading invoices, and filing monthly and yearly gst returns. This guide provides details steps to login on GST GOV IN and also covers what to do if you forget your username and password. more

Computer Generated Invoice No Need of Signature - Legal?

Now-a-days lot n lot of invoices in India are getting generated online and sent through email and whatsapp. In most of these invoices, you won't find any signature, but instead you will find following statement at the end of invoice:

  • its computer generated invoice no need signature
  • This is computer generated invoice signature not required

This article look into the implications of such invoices. more

GST Full Form - जीएसटी का फुल फॉर्म

GST is the new indirect tax scheme in India and it is replacing the earlier service tax and vat tax schemes
prevalent before. GST is going to become active since July 1, 2017.

This article covers what is GST? What's its full form and meaning and relevance to ordinary citizen. (GST Ka Full Form Kya Hai?) more

GST Tax Rates for Services - Item wise list

GST Council of India has decided the gst rates for different services on May 19th 2017. Here goes the complete item wise list of services with their corresponding gst tax rates. If you are paying service tax currently, you will need to switch over to following GST rates starting July 1st, 2017. more

(GST Returns) Returns To Be Filed Under GST

Once GST goes live on July 1st 2017, every business or person registered with GST will have to file monthly and yearly GST returns. This articles covers the details of returns to be filed under GST.

Please note that initially all the GST systems will not work that well and hence government has said that delayed returns for the first 2 months will be accepted.

Monthly Returns To Be Filed ... more

Lottery GST - GST tax on lottery tickets

GST (Goods and Service tax) is one of the landmark change in indirect taxation in India. GST goes live on July 1, 2017. For a long time, there was unclearity on the effective tax rate for lottery tickets, but this is now resolved by GST council. This article tell about the effective tax rates for different types of lottery tickets. more

EPF AADHAAR: linking / seeding /authenticate errors for EPF transfer, withdrawal and pension

Lately it has become compulsory to link/seed your Aadhaar number to your EPF account (UAN) to ensure smooth service. A successfully linked Aadhaar number is useful for two cases:

  1. EPF Pension: Must for getting the pension after April 2017
  2. Simplified Online claim for epf transfer and epf withdrawal: If your EPF account is seeded successfully with Aadhaar number, then you can submit your epf... more

Depreciation on Mobile Phone (FY 2016-17, AY 2017-18)

While filing income tax return for businesses, one can deduct the deprication from the income and hence reduce the effective income tax. Typically depreciation is taken on items like two wheelers, car, truck, computer. mobile etc.

This article covers the depreciation rules applicable for mobile phones for FY 2016-17 or AY 2017-18 more