March 10, 2022
Reconciliation of different records, returns or accounts plays an important role in the life of the registered person under Goods and Services Tax (GST). The registered person is left with no option other than understanding and giving appropriate attention to the GST reconciliation.Due to severe repercussions, it is important that the registered person learns and
March 3, 2022
Probably by now we all are mostly aware of the existence of the term ‘Composition Scheme’ under Goods and Services Tax (GST). But due to the frequently changing GST law and complication involved therein, even the simple looking ‘GST Composition Scheme’ has become quite complex.Importantly, the GST composition scheme is voluntary/ optional scheme. In order to analyze
February 25, 2022
E-Invoicing under GST limit has been revised. Read the latest update in this post. The Central Board of Indirect Taxes and Customs (CBIC) has issued a Notification No. 01/2022- Central Tax, dated 24th February 2022 notifying the taxpayers regarding the revised eligibility for e-Invoice generation under GST. This short e invoicing India article, discusses the recent
February 21, 2022
GST Audit (GSTR9C Form) is the examination of records returns and other documents maintained to be filed by the GST registered taxpayers who are having aggregate turnover above 5 crores annually. Form GSTR9C is an annual GST return that the taxpayers have to file along with an audited financial statements.Every eligible taxpayer has to get
February 21, 2022
When the Goods and Services Tax was introduced, the primary projection was to make GST a progressive tax. In this article we cover the GSTR2B details.GSTR 2B means a auto-drafted statement for regular tax payers (monthly). One would certainly be wondering that if filing of form GSTR-2B is not to be carried out by the registered
February 18, 2022
Are you in search of a detailed guide that explains all the concepts of GSTR 9 annual return? This article is the best place to stop by!GSTR 9 Annual Return is to be filed by all the registered regular taxpayers whose turnover exceeds INR 2 crores on or before 31st of December every year.In this