The Central Board of Indirect Taxes and Customs (CBIC) has announced a major benefit for small businesses in India. They are exempt from filing the annual GST return (GSTR-9) for the financial year 2023-24, if their turnover is up to Rs. 2 crore. This blog explores the implications of this exemption, its advantages for small businesses, and who still needs to file GSTR-9.

The Central Board of Indirect Taxes and Customs (CBIC) has issued new guidelines to streamline the recovery of Goods and Services Tax (GST) dues until the Goods and Services Tax Appellate Tribunal (GSTAT) becomes operational. Taxpayers can now make electronic payments for outstanding GST dues, offering a more convenient and efficient method. The CBIC also permits early GST recovery if justified in writing by the proper officer, allowing for quicker recovery in specific cases. Circular No. 187/19/2022-GST clarifies the treatment of statutory dues under GST law for taxpayers with proceedings finalized under the Insolvency and Bankruptcy Code (IBC). Additionally, GST will be applied to 1% of corporate guarantee fees annually. These guidelines aim to provide relief to businesses and ensure a smoother GST recovery process until the GSTAT is functional.

This article provides an in-depth guide to GST on YouTube income, AdSense, brand promotions, and affiliate marketing in India. It covers GST rates, compliance, and refunds for content creators, helping them navigate the complex tax landscape.

This blog delves into the intricacies of GST refunds, outlining the challenges businesses face and providing actionable strategies to expedite the refund process. From maintaining accurate records to leveraging automation and technology, readers will gain valuable insights into streamlining their refund claims and enhancing cash flow management.

This blog post serves as a one-stop resource for businesses in India navigating the Goods and Services Tax (GST) regime. It provides a clear understanding of various GST return types and their applicability. The core focus is on the crucial due dates for filing GST returns in June 2024. A well-organized table summarizes the deadlines for each return type, along with a brief description and applicability criteria. The blog emphasizes the importance of staying updated on potential changes to these deadlines by referring to the official GST portal.

This guide simplifies the essentials of Goods and Services Tax (GST) for freelancers in India, highlighting its importance for compliance and tax benefits. It covers GST basics, applicability, registration, invoicing, and return filing. We also discuss benefits like Input Tax Credit and penalties for non-compliance. Follow this guide to streamline your tax obligations and focus on your freelance work with confidence.