GSTR 1A: Availability, Features, Filing Details, Amendments and ITC

GSTR-1A is a form that allows taxpayers to correct or amend details of outward supplies reported in GSTR-1 before finalizing their GSTR-3B return for the same tax period.

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Demystifying ITC Reporting in GSTR-9: Strategies for Accuracy and Compliance

Navigating the complexities of ITC reporting in GSTR-9 is crucial for GST compliance and optimizing tax benefits. This guide delves into the nuances of accurately reporting Input Tax Credit in your annual returns, offering insights and best practices to ensure compliance.

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A Comprehensive Guide to GSTR-3B

Discover the ins and outs of GSTR-3B in this comprehensive guide, designed to demystify the complexities of GST compliance. From understanding its significance to navigating recent updates, learn how to avoid common errors and optimize accuracy in your tax filings.

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Mastering Year-End GST Reconciliation: Tips and Best Practices

Year-end reconciliations are pivotal for businesses operating under the GST regime. Read to know the significance of filing GSTR-1 and GSTR-3B.

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Table 14 & 15 in GSTR 1 Added |New Changes in GSTR 1| E-commerce Operators

Effective January 2024, the GSTN implemented the introduction of Tables 14 & 15 in GSTR-1 and streamlined reporting for e-commerce operators (ECOs) and their suppliers.

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Electronic Credit Reversal and Reclaimed Statement

Electronic Credit Reversal and Reclaimed Statement - In this article, we understand the significance of this new system, its impact on taxpayers, and the steps taken to ensure a seamless transition.

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GSTR 9C Self-Certification: How You Need to Prepare as a Finance Head?

As per the Finance Act – 2021, a proposal was released to omit certification by CA by amending Section 35(5) of the CGST Act. In the 43rd GST Council Meeting, the finance ministry reaffirmed this suggestion for changes in furnishing the reconciliation statement GSTR 9C with self-certification instead of by CA/CMA. Read all the changes related to GSTR 9C self-certification here…

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Nil GSTR 9 Return Filing: Do You Need to Do That?

GSTR 9 is an annual return form that a regular taxpayer is required to file for his/her annual turnover. The form requires invoice details for inward and outward supplies as procured by the given business.

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Form DRC-01B: Everything you need to know about!

Form DRC-01B serves as an official communication from the GST authorities to taxpayers, indicating a discrepancy in the reported liability between their GSTR-1/ IFF and GSTR-3B returns.

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Bridging the Gap Between GSTR-1 and GSTR-3B | New Advisory: Liability / Difference Appearing in R1 – R3B (DRC-01B)

Significance of harmonizing GSTR-1 and GSTR-3B, exploring why it is more prudent to strive for consistency rather than explain differences | Liability / Difference Appearing in R1 – R3B (DRC-01B)

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RCM: Facilitating GST Collection from Unregistered Taxpayers

One such proposal laid down to improve GST implementation is Reverse Charge Mechanism (RCM) with an aim to enhance tax compliance and coverage across organized, partly organized and unorganized sector in India.

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