Upcoming GST Return Filing Changes and Its Impact

The government is planning to change some specifications to ease the compliance process. Here are the upcoming GST return filing changes and its expected impact. Read more…

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GST Compliance Calendar July 2020

Here’s the Compliance Calendar for the year 2020 with all the due dates regarding the updated GST Returns and also due dates for income tax returns.

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Updates on GST Return due dates

Analysing the GST compliance trend of taxpayers, it is observed that the percentage of filing for GSTR 3B is higher than GSTR 1.

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Measures released by the Government for MSMEs

Measures released by the government for MSMEs (Micro, Small, and Medium size businesses) to compensate for their loss that occurred due to the COVID-19 crises and the lockdown.

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ITC-02A (Rule 41A) Enabled on GST Portal- 4 Things to know

Form GST ITC-02A is a declaration of unutilized ITC transfer by a taxpayer for procurement of a separate registration within the same state or union territory. Here are the steps for both transferor and transferee in detail!

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40th GST Council Meeting – Highlights

40th GST Council Meeting Highlights and Expectations with an easy to understand infographic. The meeting was held on 12th June 2020 via video-conferencing.

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Steps to file NIL GSTR 3B via SMS are now issued by CBIC

As a measure to ease the compliance process, the Central Board of Indirect Taxes and Customs (CBIC) has now allowed filing NIL GSTR 3B via SMS through Notification - 38/2020.

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Merchant Exporter in GST – All you want to know!

Merchant exports generate foreign exchange for the country like normal exports and are mainly engaged in the export of goods and not services. Here’s all about Merchant Exporters and their export process in the GST regime.

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5 Key Areas You Need to Plan for an Effective E-Invoicing Implementation

The GST Council in its last meeting pushed the e-invoicing mandate to 1st Oct 2020. Here are 5key areas which need to be strategized considering the overall impact of e-invoicing on current practices, cost and efforts.

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Master these 6 Reports to Maximize Your Input Tax Credit (ITC) Claim

Did you know that the condition of 10% provisional ITC rule will apply cumulatively for Feb to Aug 2020. And any cumulative adjustment for input tax credit for these months can be reported in 3B of Sept 2020. Read the full article for detailed conditions for ITC Claim with screenshots.

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Cloud Software in times of COVID-19

The current lockdown situation has forced companies in all sectors to work from home as much as possible. Here’s how cloud computing and cloud software applications in terms of COVID-19.

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How an ASP+GSP Offering can Simplify Your GST Compliance

The GSPs exist so as to help ASPs connect with the GSTN Network. Know why you should choose GSP+ASP and not just ASP.

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