To ease the compliance burden, the system has assigned quarterly frequency to small taxpayers automatically. This is why IFF was introduced
Finance Minister Nirmala Sitharaman presented the Union Budget 2021 which focused on 6 pillars – Health & Well-being, Inclusive Development, Human Capital, Innovation, and R&D. Read more…
All about Registering your GSP for E-Invoicing | It is essential to register your GSP on the GSTN portal before you start the e-invoicing process through them.
Auto-population of details from e-invoices into GSTR-1 is only a facility for the taxpayers and not final numbers from legal point of view. Read more about Auto-population of details from e-invoices into GSTR-1
Key amendments from 1st January 2021. Amendments in notifications on ITC Claim, QRMP Scheme, GSTR-3B auto population, EWB Validity, cancellation of GSTIN and a lot more
Here’s an elaborate recap of the year 2020. All the happenings and changes on the GST front and at IRIS GST | GST system changes in 2020. Read more...
Latest GST Updates You Need to Be Aware of before the year ends. These changes introduce radical changes and stringent controls in the process of GST cancellation, ITC claim, EWB validity and GSTR 1 filing etc.
Composition Scheme under GST for Restaurant and Hotel Services. Anyone can voluntarily opt for this scheme if they come under the set GST guidelines. Composition Scheme under GST Regime. Read more...
Auto-population of GSTR 3B from GSTR 1 and GSTR 2B | Auto-population is another attempt to ease of compliance burden – Auto-population of GSTR 3B from GSTR 1 and 2B. Read more…
GSTR 2A is an auto-generated form of inward supplies i.e. purchase-related transactions. GSTR 2A is a dynamic statement while GSTR 2B is static. Read to know details, format and due date of GSTR 2A and difference between 2A and 2B
TCS under Finance Act & impact on E-invoicing | The Finance Act, 2020 has expanded the provision to include sale of goods also under the purview of TCS. Read more…
QRMP Scheme under gst is an initiative by the Government to simplify compliance for taxpayers | Quarterly Returns and Monthly Payment Scheme. Read more...