January 11, 2022
Table of Contents 1GST Input Tax Credit | What is the new Update?2Section 109 notified – Amendment to section 163How can I claim 100% Input Tax Credit after this change?1. Notify your defaulting suppliers2. Accurate reconciliation of GSTR-2B against purchase records4Highlighting features of GSTHero’s Reconciliation SolutionTo summarize Central Board of Indirect Taxes and Customs (CBIC)
December 31, 2021
The CBIC has recently released a GST Notification 37/2021 – Central Tax on the 1st of December 2021. The CBIC notification has amended some sections of the CGST Rules of 2017. The CBIC has introduced these changes according to section 164 of the CGST Rules 2017, which confers amending power to the Government of India. In this
December 16, 2021
When two things (or amounts) don’t work well together or correspond with each other, then it’s a mismatch. Under GST there are various returns to be filed by the taxpayer, which provide data to the department. There are various possibilities for mismatch in GST return and these factors covered in this article.Each of these returns
December 3, 2021
Input Tax Credit under GST is the bedrock of the GST structure. Businesses should aim at using this feature wisely and avail maximum of eligible ITC under GST. In this short article, we have discussed a few important pointers that businesses should follow to claim maximum eligible ITC in FY 2022. The businesses must take utmost care
November 11, 2021
GST Audit has become essential with every passing day. This is especially true for businesses with multiple GST registrations. It becomes challenging for such businesses to keep track of all the GST activities in their various depots or sub-units with individual GST registration. Hence, it becomes necessary for such businesses to have a centralized mechanism to check
November 8, 2021
GST structure can sometimes become complicated when a business has multiple registrations.It becomes difficult for all the business units to comply with the GST laws in the entirety, and in some places, the GST laws and regulations get violated.To address all these issues, a business should prioritize its routine ‘in-house audit’ that identifies such discrepancies
