April 27, 2021
Table of Contents What does Job-Work mean? & How to claim Input Tax Credit ?Understanding How to claim Input Tax Credit on this Job-WorkWhat details are required for ITC-04 & understand How claim Input tax credit?To SummarizeClaim upto 100% Input Tax Credit Input Tax Credit under GST has some less-explored areas. In this article, we
April 26, 2021
GST follows a trust-based mechanism. Accordingly, the registered person himself assess the tax liability; pay the taxes and files GST returns. Hence, GST audit is important to ensure the correctness of the self-assessment done by the registered person.The present article discusses details from the GST Audit checklist necessary for a GST departmental audit.Audit and types
April 17, 2021
Table of Contents Preliminary Investigation for Supplier Verification GSTIN Verification of the supplier Verification of the genuineness of the supplier via the GST portalFacility to search by GSTIN/ UIN of the supplierFacility to search by PAN of the supplierSynopsis-File your GST returns in minutes, not hours! Tax evasion via bogus firms; fake invoices or claiming fraudulent input tax credit
April 15, 2021
GST Defaulting Suppliers – A threat to your businessGST defaulting suppliers can be a major roadblock for businesses and may badly affect their working capital. GST verification is the important process is discussed in our article what problem face during completion of process? what solution is needed to over come, we briefly answer these questions. Cash
April 15, 2021
Table of Contents Who should be called a Defaulting Supplier or GST defaulter?Possible Reasons for the Supplier to NOT file his Returns & become GST defaulterHow do I Identify Defaulting Suppliers?Purchase Data vs. GSTR-2B ReconciliationWhat happens if we don’t find the Defaulting Suppliers?In a Nutshell… GST defaulter can be a major headache for businesses whose
April 10, 2021
Table of Contents Transaction Classification by the ERP Solution for e-Invoicing under GSTSeparate B2B & B2C Invoices for e-Invoicing under GSTIdentify IRN, QR Code in the e-Invoice GeneratedMandatory Fields as per e-Invoice Schema for e-Invoicing under GSTReconciliation of GSTR-1 against Your Sales RecordsTo SummarizeGenerate complete and ready-to-use e-Invoices in just 1-click ! Starting April 1st
