February 11, 2024

Goods and Services Tax, the biggest tax reform in India, is escorted by the concept of ‘reconciliation’. Consequently, reconciliation can be termed as one of many GST compliance challenges, as it is unavoidable, time-consuming, and oftentimes tedious. Furthermore, GST reconciliation is not at all a single-time obligation, but a continuous process. That is why it

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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

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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

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