Post by: Renu Suresh in GST Compliance
GSTR 1 and GSTR 3b Reconciliation Reconciliation of GSTR-1 and GSTR-3B is a crucial process that helps rectify any discrepancies between the two forms. Failing to reconcile these returns can lead to show-cause notices from the GST authorities. Additionally, unresolved…
Post by: Renu Suresh in GST Compliance
Difference Between GSTR 1 and GSTR 3b Understanding the various tax returns is essential for businesses operating under the Goods and Services Tax (GST) regime in India to ensure compliance and avoid penalties. Among the numerous returns taxpayers must file,…
Post by: Renu Suresh in GST Compliance
How to file GSTR 3b Nil Return? Nil GSTR-3B returns are filed in the same manner as regular GSTR-3B returns. Regardless of having no outward or inward supplies, which results in no tax liability for a specific month, it is…
Post by: Renu Suresh in GST Compliance
How to File GSTR 3b? Filing the GSTR-3B form is a critical monthly obligation for businesses under the GST regime in India. This simplified return summarises inward and outward supplies, helping businesses manage their tax liabilities without delving into the complexities…
Post by: Dinesh Pandiyan in GST Compliance
How to Download e-invoice from GST portal? The Goods and Services Tax Network (GSTN) made the provision that taxpayers can download e-invoices directly from the GST Portal. These e-invoices can be accessed and downloaded by the registered taxpayers, both suppliers…
Post by: Dinesh Pandiyan in GST GST Compliance
Year-End GST Reconciliations As the financial year (FY 2023-24) has ended, businesses subject to GST must ensure the accuracy of GST return filings. This process helps avoid discrepancies that could lead to penalties and legal complications. Year-end GST reconciliations can…
Post by: Renu Suresh in GST Compliance
GST Compliance: Year-End Checklists With the end of the fiscal year approaching and the onset of a new one, it's imperative for companies to engage in several activities related to the Goods and Services Tax (GST) to remain compliant and…