GSTR 2X return is filed by taxpayers who want to claim TDS and TCS credit. Here taxpayer will get auto-population of data from his counterparty who files GSTR 7 and GSTR 8. Read more about due date!
The finance bill 2022 was announced the same day as Union Budget that listed key changes in GST that can significantly impact taxpayers and business owners across all spheres. In this article, we discuss the key areas that have seen multiple changes in GST laws and rules.
Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman announced the official budget for 2022 on 1st February. Some major decisions have been made for healthcare, infrastructure development, tech-enabled development, and several decisions under the PM Gati Shakti scheme. Announcements have also been made regarding the digital economy, bitcoin, and climate actions. Read them in detail here!
The monthly return (in some cases quarterly) containing the details of outward supplies made during the period.
The implementation of GST, has probably been the biggest taxation reforms in independent India. Besides uniting the country under a single tax regime, the roll out of GST has also laid the path for the formalisation of the economy.
GST Notification 39 and GST Notification 40 issued during the end of Dec 2021, specify the rules for claiming Input Tax Credit with effect from 1st Jan 2022. The rules state that ITC on a provisional basis cannot be claimed henceforth. Here’s what you can do to define your ITC strategy for 2022 for availing maximum ITC claim.
The E-way Bill system has seen new changes that have been implemented lately. You as a business owner need to be aware of these rules and law amendments in order to avoid penalties and confiscation of your goods. Here, we particularly discuss the latest updates in EWB system in 2022 that directly affect your business if you are a part of the supply chain.
New revised edition of HSN 2022 | HSN 2022 is the new revised edition of HSN published by the World Customs Organization (WCO) has into force from 1st Jan 2022…
The 46th GST Council Meeting was held on 31st December 2021 in New Delhi. It was a physical meeting and considering the COVID restrictions, not more than 2 representative members from each state were requested to join. The meeting was chaired by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman.
2021 went by in a jiffy and 2022 is waiting for us around the corner patiently! From all the changes that indirect taxation has undergone this year, it seems like the GST rules are getting tighter in 2022. We have collated all the important GST changes being applicable from 1st January 2022 that you need to be aware of! Let us look at the changes in major brackets one by one...
From all the changes that indirect taxation has undergone this year, it seems like the GST rules are getting tighter in 2022. We have collated all the important GST changes being applicable from 1st January 2022 that you need to be aware of! Let us look at the changes in major brackets one by one
2021 was quite a year full of ups and downs plus loads of GST changes to adapt to! In this article, we share the year’s GST changes and IRIS GST’s key product highlights. The GST Collections, e-invoicing implementation, changes in reconciliation patterns, how to claim maximum ITC are some of the themes in this article. And, we also talk about gearing up for 2022…
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