HSN code stands for Harmonized System of Nomenclature, which consists of a globally used coding system and harmonized commodity description.
ISO 27001 Certified
Registration Number: IS683782
GSTR 9C form has a reconciliation statement for reconciling turnover, input tax credits and tax payments. Let’s see in brief about GSTR 9C
Aspects like handling Freight, TCS, and Discounts in E-invoicing can be a concern for many. Especially now, that the e-invoicing turnover limit has been reduced to small businesses.
GSTR 9C - Taxpayer who’s aggregate turnover exceeds 2 cr. and need to audit his accounts under GST.
ITC Computation is fundamental for businesses to ensure maximum ITC claim as it can help have more working capital. In this article, we will discuss 4 key aspects of ITC computation in detail.
The ultimate objective of every taxpayer is to maximize ITC claim while following all the conditions and rules of GST law. The success of this goal depends on the internal practices and tools used and some external factors such as vendor compliance. Here, we discuss, 4 important aspects to maximize ITC claim.
Application for Registration for TCS collector is to be filed in REG-07. Registration certificate to be issued in REG-06.
Taxpayers with turnover between Rs. 5 Cr. and Rs. 20 Cr. are enabled for testing on Sandbox. Read the article to learn if your business has crossed the e-invoice turnover limit 2022
A quarterly statement cum challan, form CMP 08 shall be used to declare the self-assessed details of the tax payable by a composite dealer in the given quarter.
E-way Bill is to be issued irrespective of whether the movement of goods is caused by reasons of supply or otherwise.
It is mandatory for taxpayers with an AATO of Rs. 20 Cr. + to generate e-invoices. An e-invoice is a document with an IRN and a digitally signed QR code printed on it. In this article, we will not just learn about the consequences of non-compliance with e-invoicing but also understand the mistakes to avoid to save yourself from the penalty.
The 47th GST Council Meeting took place on 28th and 29th June 2022 to address multiple important issues like GST rate changes for an array of goods and services, compensation cess, E-way Bill and E-invoicing changes and so on. Chaired by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman, the meeting was held in Chandigarh, Punjab. Read a detailed update and changes in the article.
