The GSTN has announced significant E-Way Bill and E-Invoice system updates effective from 1st January 2025. These changes are designed to enhance compliance, security, and integration with other systems.
Here’s a quick recap of the top GST updates 2024 and their impact on the business community | GST Updates 2024
The 55th GST council meeting is set to take place on December 21st, 2024, in Jaisalmer, Rajasthan | Key Expectations and Agenda
Every registered taxpayer with a turnover of more than Rs. 2 Cr. needs to file the annual return in GSTR 9 form. It is an elaborate form with several parts and sub-parts.
Form GST DRC-01A plays a pivotal role as a preliminary intimation to taxpayers regarding discrepancies or liabilities identified by tax authorities.
In this part, you need to provide consolidated details of all your outward supplies and advances received on which tax is applicable during the financial year for which the return is filed.
The CBIC has revised GST Reverse Charge Mechanism rules effective November 1, 2024, impacting RCM transactions and input tax credit claims.
The Invoice Management System (IMS) has been a pivotal tool under the GST framework, aiding taxpayers in invoice reconciliation and Input Tax Credit (ITC) management.
Waiver of Interest & Penalty Under CGST Act: The CBIC has introduced Section 128A under the CGST Act, effective November 1, 2024.
Read major GST Changes and GST updates effective from 1st November 2024. These changes are aimed at streamlining processes, enhancing compliance, and providing relief to taxpayers.
The introduction of Form DRC-03A on July 10, 2024, through Notification No. 12/2024, has added a new layer of convenience to the GST regime.
This Diwali, clean your accounts with IRIS GST’s Checklist for Accountants| Cleaning Checklist for Accountants | Yearly Accounting Checklist
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