Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - taxo pro enquiry
I am confused about the tax terminology like exempt, nil rated, no tax etc. What do these mean and how does it impact my GST return filing?
Here is a brief explanation of the terms of exempt, nil rated and no tax supplied and how they impact your GST return filing:
1. Exempt supplies: These are the supplies of goods and/or services that are not taxable under GST, either because they are not covered by the GST...
What are the government rules regarding the monthly tax period to be followed for GST entries?
According to the GST law, the monthly tax period for GST entries is the calendar month, i.e., from the 1st day to the last day of a month. However, there are some exceptions for certain types of taxpayers, such as:
Step 1: Composition taxpayers: They can opt for a quarterly...
Where can I find documentation on HSN Codes?
Follow the below steps to get the documentation on HSN codes:
Step 1: Open your browser and visit to gst.gov.in website.
Step 2: Click on Service Tab then under that click on User Services
Step 3: Then Click on Search HSN code option.
Step 4. Under this window click on Download HSN Directory in Excel Format option and your HSN codes list will be downloaded with description related to every item.
Is GST payment required every month or quarterly for me?
If you are under the quarterly scheme, you have to file and pay GST quarterly. However, if it is optional for you, you do not have to pay GST every month.
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