January 8, 2024
Geocoding of place of business is a process by which an address or description of a location is converted into precise geographic coordinates. Geocoding functionality is introduced under GST to ensure accurate address details of the registrant and also to streamline the address verification process.Initially, geocoding of the principal place of business was introduced. And
December 22, 2023
One of the fundamental reasons for the implementation of GST was the seamless flow of input tax credits. However, ironically, availment and utilization of input tax credit has become a painful task for the taxpayer under GST. ITC Reversal as per Rule 37A article briefly speaks on its applicability, re-availment of ITC.In order to get
December 12, 2023
GST return in Form GSTR-3B is a self-declaration statement that needs to be filed on a monthly or quarterly basis. Table 4 of GSTR-3B deals with eligible ITC i.e. ITC availed; ITC reversed as well as ineligible ITC.With the objective of correct reporting of ITC (i.e. Input Tax Credit) in Table 4 of GSTR-3B, a
September 4, 2023
In the ever-evolving landscape of information technology, data security is of utmost importance, especially when it comes to sensitive information and financial transactions. Recognizing this, the e-Waybill/e-Invoice System has recently introduced a significant security enhancement known as ‘2-Factor Authentication (2FA)’. This article aims to provide a comprehensive understanding of 2FA and its implementation in the e-Waybill
September 1, 2023
As we know, a specified procedure need to be followed for obtaining registration under Goods and Services Tax (GST). Similarly, a specified procedure also needs to be followed while cancellation of registration under GST. The present article covers all the niche and corner of surrender and cancellation of GSTIN in the form of Frequently Asked Questions
August 17, 2023
The concept of the ‘Electronic Way Bill’, shortly and popularly known as an e-way bill, was for the first time introduced and implemented under GST. Basically, an e-way bill under GST is to be generated by the registered person under GST for the movement of inter-state supply of goods of value above INR 50,000.Talking about