January 29, 2021
Form GSTR-3B is a return summarizing GST liability of the registered person for a specific tax period.Provisions of section 39(1) of the CGST Act, 2017 and rule 61 of the Central Goods and Services Tax Rules, 2017 governs the GSTR-3B filing.Watch video on GSTR-3B Filing with maximum Input Tax Credit Recently, both the above provisions
January 22, 2021
Electronic invoicing system or e-Invoicing under GST, which is commonly known as e-Invoicing system, is inserted by government to authenticate the invoices generated under B2B transactions. On 20th September 2019, GST Council in its 37th Meeting approved the proposal to introduce E-invoice under GST. Accordingly, from 1st January 2020, it became voluntary and from 1st October 2020
January 13, 2021
Recently, with a view to curb the fake invoicing practice prevailing under GST, the Government imposed a new restriction (CBIC Notification No. 94/2020) on full utilization of input tax credit (ITC) towards payment of output tax liability. Know the GST Recinciliation Process | Watch video The present article briefly explains the new restriction on ITC
January 9, 2021
The year 2021 is one of the most important years of this decade. Being the first year immediately after an unforeseen pandemic, we all have big hopes & expectations from the year. 4 Important Facts about GSTR-9 Filing We are hoping that this year is the year of healing from the entire crisis that rose
January 7, 2021
Table of Contents 1Provisional Input Tax Credit Restricted to 5%2ITC Restriction as per Rule 86B3E-Way Bill Validity Update4Blocking of GSTR-1 in case of non-filing of two consecutive GSTR-3B & Rule 86B5Synchronizing GSTR-1 & GSTR-3B6Cancelation of GSTIN7Cancelation of GST Registration Without the opportunity of being heard8Changes in GST REG 319Time Limit for GST Registration10No Refund for
