We live in a world where it’s hard not to find barcodes anywhere we go.
Inventory refers to the goods stocked for future usage. Every retail chain has its own warehouse to stock the merchandise to be used when the existing stock replenishes.
GSTR-2 is an application of Return for Inward supplies for the tax period. It is the next step for the taxpayer once he has filed GSTR-1.
The yearly return filed by the registered taxpayers in GST, including those listed under composition levy scheme, is known as GSTR-9.
GSTR-1 filing is a regular monthly sales return filing. It’s mandatory for all businesses who registered themselves under GST.