What is Letter of Undertaking (LUT) in GST? Letter of undertaking or LUT is a guarantee that a taxpayer registered under Goods and Services Tax regime in India provides to government claiming that he will be exporting his services or/and goods and will [...]
A normal taxpayer is required to file Form GSTR 9/9C for financial year 2017-18, which is required to be filed by them on GST Portal latest by 30th June 2019. Taxpayers have reported some issues in filing their Form GSTR 9/9C, which [...]
Error! You are not authorized to access GSTR1 for this return period At the time of filing GSTR-1, many taxpayers are facing this error which says "Error! You are not authorized to access GSTR1 for this return period". While it says it is an [...]
We at FileMyGSTR have been publishing stories and news on the newly implemented Goods and Services Tax regime. GST council in one of its recent meeting has contemplated on waiver of late filing penalty for the taxpayers. This has also been conveyed [...]
The introduction of Goods and Services Tax regime has propelled a new set of taxpayers viz. Online Sellers and Freelancers. While there is a turnover limit of INR 20 lakhs on GST Registration, E-commerce marketplaces have made it mandatory for online sellers [...]
Government Waives off Late Fee on GSTR-1 The government has launched a one-time scheme to waive late fee for delayed furnishing of filing the goods and services tax (GST) return-1 form for the period July 2017 to September 2018, to encourage taxpayers [...]
TDS Quick Takeaways TDS is Tax Deducted at Source wherein income tax is reduced from the money paid at the time of making payments such as rent, commission, professional fees, salary, interest etc. by the persons making such payments. What the Government [...]
Government Notifies New Annual Return GSTR-9 Form for GST The government has notified a new return form for goods and services tax (GST) that will have to file for the full year. The normal taxpayers will need to file GSTR-9 return form [...]
Do You Know GST Basics The rollout of GST in July last year was touted as the biggest tax reform that our country had seen post-independence. It had a huge impact on our economic environment. However, even after [...]
Foreign Direct Investment (FDI) Compliance Checklist The Indian Companies receiving Foreign Direct Investment (FDI), while remitting funds one should ensure that – The Remitting Investors should ensure that (for FDI) – Funds have to flow only from the investors’ bank accounts. The purpose [...]
