March 26, 2021
QRMP Scheme Under GST stands for Quarterly Return Monthly Payment.QRMP Scheme is the recent introduction to the GSTsystem ambit to ease the efforts of small businesses and has come into effect since January 01, 2021.Under this scheme, small businesses whose annual aggregate turnover is up to 5 Cr will now be allowed to file GSTR-3B
March 16, 2021
Dear taxpayers,if you are searching about explanation on e-way bill limit all your search is end here. this article is for you.E-way bill is mandatory to be generated if value to goods to be transported is more than Rs. 50,000/- per consignment. It is to be generated by consigner, consignee or transporter.In this article, we
March 15, 2021
GST Cancellation update: On 22/12/2020, vide notification no. 94/2020, sub-rule (2A) has been inserted under Rule 21A which provides for immediate suspension of GST registration of a person in following scenarios:Details of GSTR-1 differs from Details of GSTR-3BDetails of GSTR-2B differs from Details of GSTR-3B.This means if GST officer finds any significant anomalies under GSTR-3B as
March 12, 2021
ITC is one of the most crucial aspect of GST and Rule 36(4) was very crucial aspect of ITC. One needs to understand the practicality of this rule. Accurate provision ITC management is now necessity to avoid further actions from GST department. Read this full article and understand as to how it is important. Understanding
February 17, 2021
Table of Contents List of companies required to apoint internal auditorIn case of GST, a very detailed checking is required.Internal audit in GST: Following areas need to be checked by auditorGSTR-1 Details of Outward SuppliesGSTR-2A Details of Inward supplyGSTR-3B (Monthly/ Quarterly Return)E-way billInput service distributor (ISD) Internal audit in GST is a very crucial aspect
February 10, 2021
GST was made as a general Law for everyone, with ease of GST Return Filing compliance. But with the passage of time and emergence of more practical cases, changes are bound to be made.We know that, GST is the most prominent indirect tax, with the highest revenue to the government replacing so many indirect taxes.