GSTR-1 filing process changes are seen time and again. The GSTN has made new changes regarding the GSTR 1/IFF filing process. In tune with this change in the GST system, we have updated our GSTR 1 filing process. Read in detail here!
In recent few months on GST portal, many new features have been updated to help taxpayers while transacting through GSTN for return filing or for reconciliation between two returns etc.
As per GST law, for every supply of taxable goods or services, a registered supplier is required to provide a tax invoice to the Purchaser.
GST is structured as One-multistage based taxation system, it is categorized into CGST, SGST or IGST, based on whether the transaction is Intra-State or Inter-State.
A company has to deal with multiple transactions and with the supply of goods and transportation, the requirement of e-way bills also becomes mandatory. Thus a secure and comprehensive e-invoicing software is necessary to ease the course not just for IRN generation but also to print and share invoices, manage e-way bills, and for a smooth ITC claim as a way ahead.
As per the latest GST Notification 1/2022 released on 24th February 2022, e-invoicing has been made mandatory for all the B2B transactions from 1st April 2022 for all the entities with an aggregate annual turnover of Rs. 20 Cr. or more in any financial year from 2017-18 onwards. Read the complete article to know all the related changes.
ITC-04 and Job Work under GST | Job Work includes outsourced activities that may or may not culminate into manufacture | Read more about due-date, format and filing here!
GSTR 2X return is filed by taxpayers who want to claim TDS and TCS credit. Here taxpayer will get auto-population of data from his counterparty who files GSTR 7 and GSTR 8. Read more about due date!
The monthly return (in some cases quarterly) containing the details of outward supplies made during the period.
New revised edition of HSN 2022 | HSN 2022 is the new revised edition of HSN published by the World Customs Organization (WCO) has into force from 1st Jan 2022…
2021 went by in a jiffy and 2022 is waiting for us around the corner patiently! From all the changes that indirect taxation has undergone this year, it seems like the GST rules are getting tighter in 2022. We have collated all the important GST changes being applicable from 1st January 2022 that you need to be aware of! Let us look at the changes in major brackets one by one...
From all the changes that indirect taxation has undergone this year, it seems like the GST rules are getting tighter in 2022. We have collated all the important GST changes being applicable from 1st January 2022 that you need to be aware of! Let us look at the changes in major brackets one by one
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