As a concept, e-invoicing has many advantages to offer to all the participants – suppliers, recipients and the Government. It also opens up avenues to provide value-added solutions and services by using the highly standard, processable and recent invoice data.
E-invoicing has been the biggest and one of the most talked-about changes when it comes to GST in 2020. Read all about E-invoicing and its applicability with following heads/parameters...
If an appellant feels aggrieved by any findings, observations or conclusions made by the authority granting the order, they can consider initiating an appeal. It is the most important part of the appeal. Grounds of appeal in GST represent those issues which show the nature of the dispute between the assessed and the revenue. Read the article to know more!
GSTR-3B is a monthly GSTR Return which consists of summarized details of supplies | GSTR 3B Format, Due date and Filing!
GSTR 3B witnessed a bunch of updates in July 2022 after the two-day-long 47th GST Council Meeting. The CBIC has announced a bundle of clarifications and updates through the latest GST Council Meeting recommendations, GST Notifications and Circulars. Read the article to learn all about changes and updates in GSTR 3B, new table addition and ITC eligibility.
It is mandatory for taxpayers with an AATO of Rs. 20 Cr. + to generate e-invoices. An e-invoice is a document with an IRN and a digitally signed QR code printed on it. In this article, we will not just learn about the consequences of non-compliance with e-invoicing but also understand the mistakes to avoid to save yourself from the penalty.
The 47th GST Council Meeting took place on 28th and 29th June 2022 to address multiple important issues like GST rate changes for an array of goods and services, compensation cess, E-way Bill and E-invoicing changes and so on. Chaired by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman, the meeting was held in Chandigarh, Punjab. Read a detailed update and changes in the article.
GST Audit is the process of examining a taxable person’s records, returns, and other documentation. There are 3 types of audits as mandated by the GST law, they are – Statutory GST Departmental Audit, and Special Audit. In this article, we have covered the GST departmental audit and how you can handle it better.
There was some issue with GSTR 2B and taxpayers were not able to view their records. Read the clarification and CBIC’s recent notifications 05/2022 and 06/2022.
CBIC has laid down new guidelines regarding sanction, post-audit, and review of GST refund claims. Here, we will touch upon important changes that CBIC established in accordance with the new circular.
The term ‘litigation’ is officially defined as the process of taking legal action in a court of law. Majorly, there are two main types of tax litigation – Direct Tax and Indirect Tax. GST Litigation falls under the indirect tax litigation in India. Read the article to understand GST litigation in detail.
