GST Refunds – Exports As we continue our daily countdown to the Indian Budget 2026, this tenth blog in the series focuses on one of the most awaited and critical reforms under the GST regime—GST refunds on exports. The Long-Awaited GST Refund ReformFor exporters, GST refunds are not merely a compliance issue; they are a […]
When it comes to running a business in India, one of the most common questions entrepreneurs face is whether to register under the Goods and Services Tax (GST). While GST registration is mandatory for businesses with an annual turnover exceeding ₹40 lakhs for trading or manufacturing and ₹20 lakhs for service-oriented companies, many small businesses […]
GST is a simple process where the rates have to be referred as specified in the Goods and Services Act and on the basic rate charged, GST will be applicable. However, discount can be deducted from the price and then the chargeable basic will have GST audit. At present, GST percentages are 0%, 0.25%, 3%, […]
GSTR return filing is mandatory for all GST registered dealers. Every registered dealer has to log into GST portal and file his return. There are many types of returns and they are listed below. · Regular · Composite · Quarterly. A dealer should file returns as appropriate. DUE DATE OF FILING – GSTR1 is applicable for all regular […]