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Updated by LegalWiz in on Jan 11, 2020
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GST Registration

Relief to GST Taxpayers – Deadline of GSTR 1 extended

Recognising the glitches confronted by the taxpayers while filing the GST Returns, the GST Council after a meeting which is held on Saturday, 11th September, 2017 has decided to set up the Ministerial group to look at the functioning of GSTIN in order to ensure smooth transition of GST.
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GST Rates recommended for Revision in GST Council Meeting

The details regarding the extension of date for GST filing has already been discussed in our blog “Relief to GST Taxpayers – Deadline of GSTR 1 extended“.
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Know the TDS & TCS Provisions after GST enforcement

GST as a tax Reform in India came up with various tax compliances. Know here the provisions and implications of TDS and TCS after applicability of GST.
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Core Field Amendment is now open: Amend GST Registration Certificate yourself

Willing to amend the Registration Certificate under GST? Made few mistakes while filing GST Registration Application? Government now allows core field amendment.
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Will GST Council reduce your burden of Compliance?

Know what changes are expected under GST Laws benefiting the taxpayers. Expecting Quarterly GST Return filing instead of Monthly basis.
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Another extension granted for GST Return filing of July month

Due dates for GSTR 2 & 3 for the month of July are now extended up to 30th Nov & 11th Dec respectively. Get Complete & Detailed information from

Government extends due date for Income Tax Return (ITR)

To facilitate the taxpayers, Government grants another extension of due date for filing Income Tax Returns till 7th November.
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GST Council 23rd Meeting: Marked Historic with benefits to common man

Meeting of GST Council held at Guwahati came up with rationalisation of tax brackets. Recommended changes are under review by the Committee.

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Massive Relief to Common Man – Read more about GST Updates

23rd Meeting of GST Council headed by Finance Minister Mr Arun Jaitley trims the tax slab of 28% for more than 150 items to 18%. Tax at Restaurant under review.
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Finance Minister Announces waiver of late fee on GSTR – 3B | Blog

Finance Minister Mr. Arun Jaitley has announced through his tweet about the waiver of the late fees on GST Return filing.
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GST Council Meet comes up with benefits for Taxpayers

Latest meeting of GST Council gives relief to Small Businesses and Exporters with changes in Tax rates, return filing and threshold limits to make GST even.
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GSTR filing: Returns and due dates for e-commerce operators

GSTR filing: Returns and due dates for e-commerce operators

It is necessary for all the e-commerce operators and suppliers to register under GST and file GST return online. Since e-commerce is different from other forms of business the return filing requirements are also rigid as compared to other business. But, for e-commerce sellers the GST return filing comes with its own set of benefits.

What is GST credit and how to avail it?

One can easily avail input tax credit. But to claim such benefits one must take GST registration and comply with the filing of the GST returns.


There are millions and millions of products that are being traded across the globe. Due to the thriving global trade in millions of products, it had become vital to have a common understanding of the products that are being traded and also to develop countries speaking / adopting common product language, irrespective of their national boundaries.

GST Composition Scheme & Related Changes

With GST registration, small taxpayers can pay tax under either the regular scheme or composition scheme.

What is GST Composition Scheme?

It is a tax paying scheme for a registered person under GST – it provides an option of paying tax at a fixed rate on supplies in spite of having a different actual rate on such supplies.

What is Income Tax Refund? How to claim it?

“Refund” in general terms, means “repayment of a sum of money”. “Income tax E-Refund” is issued by the Income Tax Department for excess tax paid by a taxpayer. It is paid directly into the bank account of the taxpayer by electronic mode and hence it is called “E-refund”.

LLP Taxation: Income Tax & Alternate Minimum Tax (AMT)


A Limited Liability Partnership is shortly and more popularly known as LLP. LLP is a body corporate formed and incorporated under the Limited Liability Partnership Act, 2008.

Under LLP, the liability of its partners is limited to their agreed contribution in LLP. However, on the other hand, LLP registration creates a separate legal entity for itself and it is liable to the full extent of its assets. Due to its unique feature of merging benefits of both the partnership firm and the company, LLP has become the most preferred form of organization.

What is Advance Tax Payment and how does it work?

Advance Tax is a form of tax payment in parts on the estimated income of the year, instead of full tax payment at the year-end. Every person whose estimated tax liability for the year is ₹10,000 or more, is liable to pay advance tax. It is paid in instalments.

38th GST Council Meeting Highlights

There was a major change observed in 38th council meeting as for the first time the voting route was adopted for decision making. Here are the key highlights of the meeting held on 18th December 2019.

5 GST Implications on Goods sent for Exhibition

Traders who have got their GST registration done may sometimes, send/ export goods outside India for promoting their businesses. These goods are displayed in Exhibitions for their prospective customers abroad. The goods are sold when the customer agrees to buy the goods. This is basically the “Sale on Approval” basis.