37th GST Council Meeting Highlights – Optional Annual Returns for Small Taxpayers

The 37th GST council is likely to discuss the following issues in the upcoming meeting:Reduction of GST Rates in Auto Sector,Review return filings,ITC treatment in the healthcare sector,Review present Revenue Position,Single Authority Mechanism for Export Refunds.

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August 2019, Newsletter #20

Sabka Vishwas (LDRS) Scheme 2019 | Procedural Aspects of Sabka Vishwas Scheme | IRIS Sapphire: Enhanced GSTR 3B Auto-Computation | Upcoming Product Updates

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36th GST Council Meeting Highlights – Building up the EV Sector

The 36th GST Council Meeting was held on 27th July 2019 with the prime agenda being – reduction of GST rates applicable on Electric Vehicles.

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JULY 2019 , Newsletter #19

36th GST Council Meeting Highlights| Part IV and Part V of GSTR 9 Explained | IRIS Sapphire: GSTR 1 and EWB Reconciliation | Upcoming Product Updates

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JUNE 2019, Newsletter #18

GSTR 9 Clarification | Transition plan for Simplified Forms | IRIS Garnet and Upcoming GST Updates | Simplified Forms

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35th GST Council Highlights: GSTR 9 Due Date Extended

The GST Council meeting held today under the chairmanship of newly elected Union Finance Minister Mrs. N Sitharaman was long awaited by the tax community.

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Clarifications Regarding Filing of GST Annual Return (FORM GSTR-9) – Released on 4th June 2019

The Annual Return in the form GSTR-9 for FY 2017-18 is to be filed by 30th June 2019. However, there have been many inconsistencies in the form requiring suitable amendment therein.

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JUNE 2019, Newsletter #17

8 Questions to ask before finalizing your next GST software | Simplified GST Return Form’s Prototype Released | IRIS Sapphire: GSTR 9 Updates | GST to implement E-Invoicing Module | 14 Cases Where Input Tax Credit (ITC) cannot be Claimed

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MAY 2019, Newsletter #16

ICEGATE with Simplified Auto-Registration | IRIS Sapphire - Business Intelligence Tool | IRIS Sapphire - Insights and Reports | ITC Claim When Consideration is Paid through Book Adjustment

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Narrow the difference in Your GST Reconciliation with IRIS GST Software Insights & Reports

It is important to compare invoices, which itself could run into large numbers, and identify the matches and differences. It is also necessary that the differences itself are analysed so that the corrective actions can be taken.

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