Form GST CMP 08 – Due Date, Penalty & Filing Procedure

Form GST CMP 08

CMP-08 is a GST return filing which was introduced in April 2019 to be effective from FY 2019-2020 onwards and applicable for composition dealers. It replaces the ongoing GSTR-4 quarterly form which is filed by composition dealers on a quarterly basis. In this article, you can read the complete information about the new Form GST CMP 08, the due date for filing, penalty for non-filing, and the filing procedure. Read More


GST Rate on Electric Vehicles and Accessories in India

GST Rate on Electric Vehicles and Chargers

Government is putting an all-out effort towards the wide- adoption of Electric Mobility and the manufacturers had been behesting for slashing down the GST on electric vehicles. To boost the demands of EVs and to make it affordable, the government has been going the extra mile constantly.

And the seamless efforts of government nailed down at the 36th GST council meeting on July 27th, 2019 when it was concluded to abbreviate the GST rate on electric vehicles (EVs) and chargers for electric vehicles. This is the second booster shot for EVs in the last four weeks. Read More


18% GST Rate on Housing Society Maintenance Charges

GST on Housing Society Maintenance

Goods and Service Tax (GST) on the security deposit payable by the tenant is undergoing a change which may get some good news for tenants. Simultaneously, alteration in GST for the homeowner may invite onus for the flat holder.

Now flat/homeowners will be required to pay 18% GST rate on society maintenance if they contribute more than Rs 7,500 to resident welfare association (RWA) every month as monthly maintenance charges. Read More


GST Rate & HSN Code for Leather and Leather Products

GST Rate for Leather Products

In India, 1st July 2017 marked the beginning of the GST regime. The onset of GST era fixed different rate slabs for different goods and services under which the GST has to be applied. In the GST Council Meeting which took place on 18th May 2017, the tax rate for leather and leather products was fixed by the GST Council.

In this article, we will take your focus on the GST rate & HSN code applicable to leather and leather products in India. Read More


Best GST Billing Software for All Your Taxation Needs (Get Free Demo)

Best GST Billing Invoicing Software

Gen GST is the best and ultra-secure GST software created by SAG Infotech Pvt Ltd to simplify and accelerate the taxation procedures such as return filing, invoice generation, ITC claims and so on.

Gen GST software comes in three variants – Desktop offline and mobile & cloud online variants. One can easily download and use the desktop variant of the software on a compatible PC or laptop, while the online version is platform- independent and can be accessed and used anywhere anytime. Read More


Everything About GST Rate on Petrol and Diesel in India

GST on Petrol and Diesel

GST on Petrol and Diesel is a cold-sweat issue for Central and State Government. None of the two seem to desire to include Petrol and Diesel in the GST ambit.

GST regime was rolled in with the objective of “One Nation One Tax “ in July 2017. At that time five petroleum products— diesel, petrol, natural gas, crude oil, and aviation turbine fuel—were kept out of the GST sphere which continued to remain out till date. Neither does it seem to arrive under the purview of Goods and Services Tax (GST) in the near future as the government will have to face a hefty revenue loss. Read More


GST Rates for Paper Products in India [Complete Updated List]

GST Rates for Paper Products

The Goods and Services Tax (GST) system which was launched in India in July 2017 is an indirect tax system which covers a range of goods and services being supplied within and from India. GST is a consumption-based tax and is applicable to the supply of goods/services at each stage of the supply chain.

Paper products, being a very prominent industry of India, also comes under the coverage of GST. In this article, we will discuss GST rates on the supply of different kinds of paper products, including paper pulp and paperboard. Read More