FylFlix Articles
Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
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Form GST RET-1: The Proposed Simplified Return System and Its Current Status
Form GST RET-1 was the proposed simplified monthly return designed to replace the current GSTR-1 and GSTR-3B filing system with a single, unified return supported by two annexures: GST ANX-1 (for outward supplies) and GST ANX-2 (for inward supplies). The GST Council approved this new return framework to address compliance… Read More…
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Complete Guide to E-Way Bills Under GST in India: Rules, Generation, and Compliance
E-way bill ₹50,000 se upar ke goods movement par mandatory electronic document hai. Ye guide generation, validity aur 2025 ke naye rules cover karti hai. An E-Way Bill is an electronic document required for transporting goods valued above Rs. 50,000 across India under the GST framework. Generated on the e-way… Read More…
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How to File GSTR-10: Final Return for Cancelled GST Registrations
GSTR-1 outward supplies (sales) ka detail return hai jo aapke buyers ki ITC ka base banta hai. Sahi aur time pe GSTR-1 filing se mismatch notices avoid hote hain. GSTR-10 is the final return that must be filed by every taxpayer whose GST registration has been cancelled, whether voluntarily surrendered… Read More…
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LLP Registration in India: Complete Guide to Formation, Documents, and Compliance
LLP limited liability aur partnership flexibility dono deta hai. Ye guide LLP formation, documents, aur ongoing compliance cover karti hai. A Limited Liability Partnership (LLP) is a business structure in India that combines the advantages of a traditional partnership with the limited liability protection of a company. Governed by the… Read More…
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Pradhan Mantri Awas Yojana (PMAY): Eligibility, Subsidies, Components, and Application Process
Pradhan Mantri Awas Yojana (PMAY) is a flagship government housing scheme launched in 2015 to provide affordable permanent housing to India’s economically weaker sections and lower-income groups. The scheme operates through two components: PMAY-Urban (PMAY-U) for city and town residents, and PMAY-Gramin (PMAY-G) for rural households. Financial assistance includes direct… Read More…
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Online Income Tax Return Filing Guide for FY 2024-25: Steps, Deadlines, and Tax Regime
Filing your Income Tax Return (ITR) for FY 2024-25 (AY 2025-26) is done online through the Income Tax e-filing portal. The portal provides pre-filled data from Form 26AS, Annual Information Statement (AIS), and employer Form 16, simplifying the filing process. The due date for non-audit individual taxpayers is September 16,… Read More…
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GST Registration: Eligibility Criteria, Fees, Required Documents, and Non-Compliance Penalties
GST registration turnover threshold cross karne par ya kuch categories ke liye mandatory hai. Ye guide eligibility, documents, fees aur non-compliance penalties cover karti hai. GST registration is mandatory for businesses exceeding the prescribed turnover thresholds and for specific categories of taxpayers, regardless of turnover. Registration is completed online through… Read More…
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Online GST Registration in India: Step-by-Step Guide, Documents, and Recent Updates
GST registration in India is conducted entirely online through the official portal at gst.gov.in. Businesses exceeding the prescribed turnover threshold (Rs. 40 lakh for goods suppliers, Rs. 20 lakh for service providers, with lower limits for special category states) must register under the Goods and Services Tax framework. The CBIC… Read More…
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ITR-4 (Sugam) Guide: Eligibility, Presumptive Taxation, and Filing for AY 2025-26
ITR-4 (Sugam) is the simplified Income Tax Return form for individuals, HUFs, and partnership firms (excluding LLPs) that opt for presumptive taxation under Sections 44AD, 44ADA, or 44AE of the Income-tax Act, 1961. The form allows small businesses and professionals to declare income at a fixed percentage of turnover without… Read More…
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Input Tax Credit Distribution by Input Service Distributors: Rule 39 and Mandatory ISD Guide
Input Service Distributors (ISDs) operate under Rule 39 of the CGST Rules, which prescribes the procedures and formulas for allocating Input Tax Credit (ITC) from common input services to various business units. From April 1, 2025, the ISD mechanism has become mandatory under Notification No. 16/2024-Central Tax, requiring all entities… Read More…
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India’s GST: The Complete Compliance Guide for Businesses and Taxpayers
GST India ka unified indirect tax hai jo compliance ko structured banata hai. Ye guide is topic ke rules, process aur practical steps cover karti hai. India’s Goods and Services Tax (GST) system, implemented on July 1, 2017, unified the country’s indirect tax framework by replacing 17 central and state… Read More…
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GST Invoice Management System (IMS): Features, Workflow, and ITC Reconciliation Guide
Input Tax Credit (ITC) se aap purchases par diya GST apni output liability se set off kar sakte hain. Sahi ITC claim aur Section 17(5) blocked credits samajhna compliance ke liye zaroori hai. The GST Invoice Management System (IMS) is a dashboard feature on the GST portal launched on October… Read More…