Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger

1. After submitting the GSTR-3B return, I was trying to make payment of the tax and was trying to offset my liability from the Electronic Cash Ledger; however I faced error. On what basis can I utilize the balance in Electronic Cash ledger? The utilization of Cash from Electronic Cash Ledger is done on the … Continue reading Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger

FAQs regarding filing GSTR 1 & GSTR 2A Returns online

GSTR1 1. Who is required to file the GSTR 1? Every registered taxable person, other than an input service distributor/compounding taxpayer/TDS Deductor/TCS Collector is required to file GSTR 1 electronically the details of outward supplies of goods and/or services during a tax period. 2. Is GSTR 1 filing mandatory? GSTR 1 needs to be filed … Continue reading FAQs regarding filing GSTR 1 & GSTR 2A Returns online