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Gstr 3B Related Articles

Aug - 2024
27
GSTR 1 and GSTR 3b Reconciliation

GSTR 1 and GSTR 3b Reconciliation

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 mismatches can impede the accu ...
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Aug - 2024
23
Difference Between GSTR 1 and GSTR 3b

Difference Between GSTR 1 and GSTR 3b

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, GSTR-1 and GSTR-3B are the most crucial. ...
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Aug - 2024
22
How to file GSTR 3b Nil Return?

How to file GSTR 3b Nil Return?

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 compulsory for taxpayers to file a nil GSTR-3B via the GST portal for that p ...
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Aug - 2024
22
GSTR-3B Filing - Meaning, Due Date & How to File GSTR 3B?

GSTR-3B Filing - Meaning, Due Date & How to File GSTR 3B?

GSTR-3B Filing - Meaning, Due Date & 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 int ...
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Dec - 2023
22
GST Quarterly Return Filing Option for Small Businessman

GST Quarterly Return Filing Option for Small Businessman

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 than Rs. 5 crores. This scheme provides the v ...
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Dec - 2023
20
2 Recent Dangerous Changes In GST- Rule 88C And Rule 88D

2 Recent Dangerous Changes In GST- Rule 88C And Rule 88D

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 GSTR 1 vs 3B and GSTR-2B Input Tax Credit (ITC ...
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Jul - 2023
04
Form DRC-01B – Online compliance covering liability/ difference in GSTR-1 and GSTR-3B

Form DRC-01B – Online compliance covering liability/ difference in GSTR-1 and GSTR-3B

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 taxpayer explain the difference between Form GST ...
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Jun - 2023
02
Penalty for Late Filing of GST Return 3-B

Penalty for Late Filing of GST Return 3-B

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 with the law. One such return is GST Return 3-B, which plays a ...
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Mar - 2023
30
What is difference between GSTR-3 and GSTR-3B?

What is difference between GSTR-3 and GSTR-3B?

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 returns filed by the taxpayer. Tw ...
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Mar - 2023
30
What is monthly return in GST?

What is monthly return in GST?

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 in GST and form GSTR-3B in detail. What is a monthly re ...
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