Post by: Isha Purohit in GST GST in India
Penalty for Late Filing of GST Return 3-B Filing taxes is essential for every business, and the Goods and Services Tax (GST) is no exception. Under the GST regime, taxpayers are required to file various GST returns to ensure compliance…
Post by: poonamgandhi in GST GST in India
Geocoding of address under GST Address verification of the place of business is vital under Goods and Services Tax (GST). Accordingly, to confirm the accuracy of the address details recorded in the Goods and Services Tax Network (GSTN) and streamline…
Post by: poonamgandhi in GST GST in India
Manner of verifying document Reference Number (RFN) for offline correspondence Goods and Services Tax (GST) is the biggest tax reform in India. With the introduction of GST, i.e., on 1st July 2017, most of the interaction between the assesses, and…
Post by: poonamgandhi in GST GST in India
Recent advisories relating to reporting an e-invoice on the IRP portal and HSN code Recently GSTN has come up with two important advisories one relating to reporting an e-invoice on the Invoice Registration Portal (IRP) and the other relating to…
Post by: poonamgandhi in GST GST in India
Provisions of GST Appellate Tribunal post-Finance Act, 2023 The Finance Bill 2023, presented on 1st February 2023, got approval in Lok Sabha on 24th March 2023. The Bill got approval in Rajya Sabha on 27th March 2023. Whereas, the presidential…
Post by: poonamgandhi in GST GST in India
49th GST Council Meeting 49th GST Council Meeting was held on 18th February 2023 under the Chairmanship of Finance Minister of India Smt. Nirmala Sitharaman. The meeting took place in New Delhi. Notably, topics like amnesty scheme, streamlining of GST…
Post by: poonamgandhi in GST GST in India
Filing of Annexure V Declaration by Goods Transport Agency (GTA) Goods and Services Tax (GST) taxability in respect of Goods Transport Agency (GTA) has undergone a drastic amendment with effect from 18th July 2022. As we are aware, from the…
Post by: poonamgandhi in GST GST in India
New Amnesty Scheme under GST 49th GST Council Meeting, held on 18th February 2023, recommended the introduction of New Amnesty Scheme under the following circumstances – Registration has been cancelled for non-filing of GST returns and application for revocation of…
Post by: Isha Purohit in GST GST in India
What is difference between GSTR-3 and GSTR-3B? Monthly returns are vital to the Goods and Services Tax (GST) system. They are essential for taxpayers as they help them track their GST transactions. They assist authorities in identifying any discrepancies in the…
Post by: Isha Purohit in GST GST in India
What is monthly return in GST? Monthly returns are a vital part of the GST system. Taxpayers must file monthly returns as they help the authorities monitor the taxpayers' compliance with the GST laws. This article will discuss monthly returns…
