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.
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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
CBIC's GST Circular No. 237/31/2024 clarifies retrospective provisions in Sections 16(5) and 16(6) of the CGST Act, introduced via the Finance Act (No. 2) of 2024.
This guide answers the most common questions about IMS, exploring how it supports businesses in maintaining accurate and efficient GST filings.
Invoice Management System (IMS): IMS is a newly developed functionality by GSTN that provides taxpayers with the ability to manage invoices more effectively.
