Post by: Renu Suresh in GST GST in India
GST Quarterly Return Filing Option for Small Businessman The CBIC (Central Board of Indirect Taxes and Customs) introduced the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under GST to assist small taxpayers with a turnover of less…
Post by: Renu Suresh in Income Tax
2 Recent Dangerous Changes In GST- Rule 88C And Rule 88D The recent changes to the Goods and Services Tax (GST) framework have introduced two critical and challenging amendments: Rule 88C and Rule 88D. These modifications address the inconsistencies in…
Post by: poonamgandhi in GST GST in India
Form DRC-01B – Online compliance covering liability/ difference in GSTR-1 and GSTR-3B Recently, on 29th June 2023, an advisory was furnished by GSTN. As per the advisory, new functionality was enabled on the GST portal. The new functionality lets the…
Post by: Renu Suresh in GST
Enhancement in the GSTR-1/IFF Filing – Phase-II The Goods and Service Network (GSTN) on 23rd February 2022 has issued an advisory regarding Improvements in GSTR-1 – Phase-II. The previous phase of GSTR-1/IFF enhancement was deployed on the GST Portal in November 2021.…
Post by: Renu Suresh in GST
GSTR-1 Filing Facility will be Blocked for Non-filing of GSTR-3B Returns Recently, the Goods and Services Tax Network (i.e., GSTN) has introduced a new feature namely ‘Blocking of GSTR-1 if GSTR-3B is not filed for the preceding month’. This new functionality…
Post by: Renu Suresh in GST
Important Changes in GST Law Effective from 1st January 2022 The Central Board of Indirect Taxes and Customs (CBIC) has notified various changes in GST Law vide a Notification No. 39/2021–Central Tax Dated 21st December 2021 to give effect to…
Post by: poonamgandhi in GST
Key Highlights of 42nd GST Council Meeting 42nd GST Council Meeting was held on 5th October 2020 via video conferencing mode. The key recommendations made by the GST council, during the meeting, are highlighted in the present article. Various amendments…
Import eWay Bill While generating the e-way bill for outward supplies details like invoice number, date, quantity, the value of supply, tax, HSN code and consignee GSTIN etc. needs to be inserted. Again while preparing the return in form GSTR-1,…
Post by: IndiaFilings in Compliance GST
Guide to GSTR-1 Filing GSTR-1 Filing for Taxpayers with annual Turnover of above Rs.1.5 Crore GSTR-1 filing applies to all the individuals who have registered for GST. The individual shall file on the 10th of every month if the annual…
