fbpx
Welcome to Ambicon Management Services Pvt. Ltd. Kolkata

Tax Stories

This Page has been created for the purpose of sharing the knowledge base of AMBICON about tax and company related matters with business man and common general people .

Remain updated about tax related issues and matters with AMBICON

Visit our web site www.ambicon.in on a regular basis

How to make GST payment in new GST Return system

Introduction

GST System is changing from April 2020. The changes are taking place all across including Return filling and Tax payment. In this article, we have tried to explain the process of payment of GST in new GST Return system.

Invoicing in New GST Return System

The core component or basis of GST return filling is invoicing from the day one. The calculation of GST on either side (Liability or Input) is based on raised invoices only.  In the proposed new return filling system, to be introduced from 01.01.2019, the importance of maintaining proper  Invoices has been envisaged and at the same time several dimensional changes in the system of invoicing has been introduced which tax payers must know for ensuring smooth filling of GST Return

New GST Return System

The New GST Return Filling System will come into effect from 01.01.2019. The purpose and objective of introducing this new GST Return Filling system is to minimize the problems and issues being faced by Small Business owners in terms of GST Return filling

This new GST Return system has got many new features and changes which has been introduced to make it more taxpayer friendly

Feel free to contact us