Relief under GST as per 22nd Meeting of GST Council

The GST Council, in its 22nd meeting has recommended the following changes in the GST Regime:   Composition Scheme: The threshold limit for composition turnover has been increased to Rs. 1 Cr from existing limit of Rs. 50 Lacs. The facility of availing composition under the increased threshold shall be available to both migrated and[…..]

Form GSTR 3B and Transitional Credit

As we are aware that for the month of July 2017 and August 2017, Form GSTR 3B is specified for the time being. The industry has not understood the form GSTR 1, yet another form was introduced by the Govt which will be of no use after two months and that form is GSTR 3B[…..]