Lifecycle of an Invoice under GST: This article aims to simplify the various stages involved, highlighting how the data passes through different stages and various GST returns.
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Invoice Reference Number or IRN as it is usually called is a registration number provided by the government under the e-invoicing mandate to prove the authenticity of any B2B invoice generated by the businesses.
The supply goods and/or services is done under bond or LUT, without payment of IGST. In such scenario, the exporter can claim a GST refunds on export of the unutilized ITC available for CGST, SGST and IGST.
Invoicing your sales, no matter how basic it may sound, is an essential aspect of business that every taxpayer registered under GST needs to master.
One person company under GST is a business structure that allows a single individual to operate a company without requiring a partner.
GST Year-End Checklist: 14 Tasks To Be Completed before 31st March 2023 | Latest GST Changes you need to be aware of! Read more...
An audit is a term that is generally used for official inspection and verification of documents by an Independent body, usually for financial accounts.
Read all the updates and GST changes from January 1 2023 stated by CBIC related to Input Tax Credit, GST Rates, Reverse Charge, GST registration
Third Amendment under GST | Changes in ITC Claim for GSTR 9 & invoice amendment till November 30, 2022 | 3rd amendment rules under GST
The Central Goods and Services Tax - Second Amendment Rules, 2022 were published by the Central Board of Indirect Taxes and Customs in GST Notification no. 19/2022 - Central Tax dated September 28, 2022.
The withdrawal of exemption on export freight has affected exporters and transporters severely. In this article, we will discuss the new change that has been implemented, how much air freight and ocean freight is now applicable, the ITC issues and also the history of this exemption.
It is mandatory for the taxpayers to report a minimum 4-digit or 6-digit HSN Code in table-12 of GSTR 1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being implemented in a phase-wise manner.
