February 23, 2021
Recently, the e-Invoice portal of the Government of India has enabled an option for sandbox testing for businesses whose turnover falls in the bracket of 50 Cr. – 100 Cr. This move indicates that the GST Council may soon start applying e-Invoicing system to the businesses falling under this turnover bracket. It is most likely that
February 10, 2021
Table of Contents Budget 2021: Revised Conditions for Input Tax Credit What is the new Budget 2021 update on ITC under GST? What was the GST Act, 2017 provision before Budget 2021?Why is Section-16 (Input Tax Credit) important?Tell me more about the Budget 2021update on Input Tax CreditDo not worry! We’ll put it in simpler words.Important Rules In connection With
November 28, 2020
Latest update on e-Invoicing applicability e-Invoicing applicability update : Recently, the e-Invoice portal of the Government of India has enabled an option for sandbox testing for businesses whose turnover falls in the bracket of 50 Cr. – 100 Cr.This move indicates that the GST Council may soon start applying e-Invoicing system to the businesses falling
November 27, 2020
All about GST Registration Procedure GST Registration is the process of registering & acknowledging a business under GST. Any business that has an annual aggregated turnover of Rs. 40 Lakhs & more MUST register itself as a normal taxable person by registering under GST, obtaining a unique GSTIN, filing their GST returns regularly & paying all
November 25, 2020
Most frequent DSC ErrorGST taxpayers have been facing a very common error while filing their GSTR-1 & GSTR-3B.The dialogue box that appears on the GST Portal is as follows: The Problem:Most frequent error messages that taxpayers encounter are as follows: 1. Failed to establish connection to the server 2. Restart/reset the EMsigner. There can be multiple technical reasons for
November 6, 2020
Table of Contents Introduction to GSTR-2B & GSTR-2B ReconciliationWhat is GSTR-2B under GST?GSTR-2A or GSTR-2B for ITC Reconciliation?Primary Features of GSTR-2B that you need to knowCases where ITC remains unavailable in GSTR-2BRole of GSTR-2B in ITC & ReconciliationWhat and How about Form GSTR-2B Reconciliation(GSTR-2B FAQ’s)What is the primary use of the GSTR-2B Form?Am I required