December 12, 2023
GST return in Form GSTR-3B is a self-declaration statement that needs to be filed on a monthly or quarterly basis. Table 4 of GSTR-3B deals with eligible ITC i.e. ITC availed; ITC reversed as well as ineligible ITC.With the objective of correct reporting of ITC (i.e. Input Tax Credit) in Table 4 of GSTR-3B, a
October 16, 2023
The famous quote ‘Change is the only Constant’ is firmly adopted under Goods and Services Tax (GST). Yes, despite crossing more than six years, new amendments are still frequently introduced under GST. One of the most recent ones is the new functionality in form GST DRC-01B.As we know, liability declared via GSTR-1/ Invoice Furnishing Facility
September 6, 2023
Accordingly, adjudication notice means a notice issued by the ‘proper officer’ either section 73 and section 74 under CGST act.In the present article, the adjudication notice as well as the adjudication procedure involved under the GST law is briefly discussed in the form of Frequently Asked Question for easy understanding. What is section 73 and
September 4, 2023
A high-performance GST return filing software enables efficient GST compliance tracking, invoice data management, GST Reconciliation, vendor compliance, and payment management solutions. These GST solutions prevent complicated and error-prone outcomes, usually resulting from a manual process.Any slight inaccuracy or mistake in return filing may lead to penalties and legal issues for an enterprise, disrupting the
September 1, 2023
As we know, a specified procedure need to be followed for obtaining registration under Goods and Services Tax (GST). Similarly, a specified procedure also needs to be followed while cancellation of registration under GST. The present article covers all the niche and corner of surrender and cancellation of GSTIN in the form of Frequently Asked Questions
August 31, 2023
The present article briefly covers all the relevant Frequently Asked Questions relating to Casual Taxable Person under GST. Who are ‘Casual Taxable Person’ under GST?The term ‘Casual Taxable Person’ is defined under section 2(20) of the Central Goods and Services Tax Act, 2017 which means –‘A person who occasionally undertakes transactions involving supply of either