Building Credit Models using GST Data GST Data fits the bill quite well. Hence, no wonder it is becoming popular amongst financial institutions for customer on-boarding, credit evaluation, and underwriting. The non-consent data or the publicly available data of the taxpayers (i.e. a GST registered entity) provides reasonable indicators about the profile and health of the taxpayer. If you...

If a taxpayer’s GST registration is cancelled or surrendered, then he/she needs to file a return in Form GSTR 10. It is known as the Final Return. This return has to be filed within three months of the date of cancellation or the date of order of cancellation (whichever is later). Form GSTR 10 also shows details of the ITC involved in closing stock (inputs and capital goods) to be...

If a taxpayer’s GST registration is cancelled or surrendered, then he/she needs to file a return in Form GSTR 10. It is known as the Final Return. This return has to be filed within three months of the date of cancellation or the date of order of cancellation (whichever is later). Form GSTR 10 also shows details of the ITC involved in closing stock (inputs and capital goods) to be...

The 27th and 28th GST council proposed and laid down rules for the implementation of new GST return forms. The New GST returns are expected to free the taxpayers from the hassles of self-computation of tax liabilities and complex GST returns. This guide is sure to offer its readers a much-needed clarity on the ‘New Returns’ and its procedures as it also talks about the transition...