Question
What is the primary purpose of GSTR-1 in the GST (Goods
and Services Tax) system?Solution
GSTR-1 is the return to be furnished for reporting details of all outward supplies of goods and services made. In other words, it contains the invoices and debit-credit notes raised on the sales transactions for a tax period. GSTR-1 is to be filed by all normal taxpayers who are registered under GST.
What does 'BoP' stand for in economic terms?
What year did Switzerland implement a prohibition on face-covering garments, including burqas and niqabs?
- Which country recently signed a maritime security cooperation agreement with China focusing on the South China Sea?
What percentage score did Kerala achieve in the overall Management Effectiveness Evaluation (MEE)?
Recently Kumudben Joshi died, she was the second female Governor of which state?
What was the trigger for India’s tri-service Operation Sindoor?
Consider the following statements:
I. The Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phas...
The Centre launched NIPUN Bharat mission, aimed at equipping every child till class 3 with basic comprehension and mathematical skills. What is the acro...
Which city has gained the top spot on the Global Liveability Index released by the Economist Intelligence Unit (EIU)?
How many new yoga hubs does Uttarakhand plan to establish by 2030 under its Yoga Policy?
Relevant for Exams:
