January 29, 2024
Implementing Goods and Services Tax has made positive and negative impacts on the manufacturing sector. However, slowly and steadily, the manufacturing sector is adopting and also learning to deal with the pros and cons of GST, having handled various GST litigations.Consequently, the ‘Make in India’ initiative by the Government of India strongly encourages companies to
January 23, 2024
In the last few years, GST Compliance standards have become more fortified than ever before, powered by factors like the introduction of e-invoices, Automation in GST, and changing GST regulations. Businesses unable to keep up with these changes have faced consequences, like a penalty for late filing of GSTR-3B, legal actions for delay in GST
January 18, 2024
Implementing seamless GST compliance is necessary to run a legitimate and successful business enterprise. As a business owner, it’s crucial to anticipate potential pitfalls that could lead to penalties, errors, and non-compliance issues.What is the penalty for GST non-compliance?Failure to meet GST compliance requirements leads to penalties from ₹200 to ₹25,000 (and more), and even
January 8, 2024
Geocoding of place of business is a process by which an address or description of a location is converted into precise geographic coordinates. Geocoding functionality is introduced under GST to ensure accurate address details of the registrant and also to streamline the address verification process.Initially, geocoding of the principal place of business was introduced. And
