Stay up-to-date with GST. Always.

Categories

In a finance department, the journey of an invoice usually begins with a flurry of emails, paperwork, and spreadsheets. The AP process flow is riddled with inefficiencies that consume valuable time and resources.Teams spend hours manually entering data, cross-verifying details, and ensuring compliance with GST regulations. Errors in accounts payable invoice processing lead to delayed

AP Automation Software in India

At GSTHero we constantly try to influx GST-related information for the ease of the GST payers in India. Over recent months, there has been scant attention paid to the intricacies of the GST procedures like GST Audit and Assessment under GST. These two processes in the GST regime play a vital role when disparities arise

Assessment under GST | Types & Importance

The Bill of Supply, a key document under the Goods and Services Tax (GST) regime, serves as an official record for transactions involving goods or services that are exempt from GST. This article aims to offer an in-depth understanding of the Bill of Supply under GST, its structure, and its significance to small and medium-sized

Decoding Bill of Supply in GST | Format & Issuance

The Goods and Services Tax (GST) in India has revolutionized the way businesses operate, particularly in terms of tax credits. One of the key components of this system is the Input Service Distributor (ISD). In this short article, we aim to provide a comprehensive understanding of what an Input Service Distributor is, its role under

Understanding Input Service Distributor (ISD) under GST in India

Navigating through Tables 14 & 15 Navigating through Tables 14 & 15 during GSTR-1 filing is now a breeze, thanks to the enhanced functionality offered by GST Hero. Our platform is designed to simplify the process of complying with Government regulations, ensuring seamless submission and real-time updates for complete GST compliance.With our user-friendly interface, businesses

Product Updates | 2024

Goods and Services Tax, the biggest tax reform in India, is escorted by the concept of ‘reconciliation’. Consequently, reconciliation can be termed as one of many GST compliance challenges, as it is unavoidable, time-consuming, and oftentimes tedious. Furthermore, GST reconciliation is not at all a single-time obligation, but a continuous process. That is why it

2 Common GST Compliance Challenges Faced by Manufacturers In ITC

The consequential impact of GST on the manufacturing sector has been reshaping the way the whole industry works. It is one of the reasons why the introduction of the GST has been marked as the biggest tax reform in India. In line with that, the revolutionary impact of GST on various sectors has been equally

Positive And Negative Impact of GST on the Manufacturing Sector

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

5 Post-GST Litigation Trends in Manufacturing Sector | The ‘Make in India’ Journey

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

9 GST Compliance Trends | Driving Growth for Businesses

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

5 GST Compliance Problems Every Business Owner Should Avoid

Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]