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
January 23, 2024
In the last few years, GST Compliance standards have become more fortified than ever before, powered by factors like the introduction of e-invoices, Automation in GST, and changing GST regulations. Businesses unable to keep up with these changes have faced consequences, like a penalty for late filing of GSTR-3B, legal actions for delay in GST
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
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