Direct and Indirect Tax Litigation in India

The judicial procedures for tax litigation in India are long and tedious. Know the basics of Tax Litigation in India, direct and indirect taxation, the sub-types of the two main types of taxation, and the litigation associated with it that businesses need to be aware of, in the article.

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Reporting 6% rate in GSTR-1 | New GST Advisory

The GSTN has released a new advisory on 10-05-2022 regarding the 6% reporting rate in GSTR-1. As per GST Notification No. 02/2022, a new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain commodities. Taxpayers who must report items at this rate may do so temporarily by reporting the entries under the 5% category and then manually increasing the system computed tax amount to 6%.

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Compensation Cess under GST

Compensation Cess under GST is levied by GST - Compensation to States Act 2017. Read all about the compensation cess under GST here

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The requirement of Table 6 in GSTR 4 | Negative liability in GSTR 4

As per the new advisory released by GSTN, the entire year’s liabilities must be declared in table number 6 of GSTR 4 and if there is no liability, the table can be populated with zero value. Read the article to understand the cause of negative liability in form GSTR 4.

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GSTR 1/IFF Enhancements | GSTR 1 Filing Process Changes 2022

GSTR-1 filing process changes are seen time and again. The GSTN has made new changes regarding the GSTR 1/IFF filing process. In tune with this change in the GST system, we have updated our GSTR 1 filing process. Read in detail here!

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Who needs to register under GST

Any business in the supply of goods or services with a specific turnover needs to register under GST. Know if Salaried employees, small businesses, and Individuals need to register under GST.

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Form RFD-11: Used for furnishing Letter of Undertaking (LUT)

Filing Letter of Undertaking (LUT) in form RFD-11 has been made mandatory by the government as per rule 96A of CGST Rule-2017 notified by GST Notification No. 16/2017 dated 07-07-2017. Know all about the form and LUT here in the article.

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All about MCA Struck-Off Companies in 5 Questions

Know all about the law around MCA Struck-Off Companies, Section 248 (5) of the Companies Act 2013, Section 560 of the Companies Act, 1956 and the new Disclosure Requirement for Struck-off Companies for FY 2021-2022.

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GST Year-End Checklist: 14 Tasks To Be Completed

There are certain tasks that taxpayers need to carry out as FY year end activities and some mandates start from 1st April 2022. And like every year, this year again we have brought you a GST Year-End checklist of all the activities that you need to complete before the financial year ends.

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Effective 1st April 2022, Reset the Invoice Number Series

Rule 46 (b) of the CGST Rules 2017 suggests that any tax invoice should have a 16 character alpha-numeric invoice number unique for a financial year.

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7 Ways How an E-invoicing Software can Simplify Your E-invoicing

A company has to deal with multiple transactions and with the supply of goods and transportation, the requirement of e-way bills also becomes mandatory. Thus a secure and comprehensive e-invoicing software is necessary to ease the course not just for IRN generation but also to print and share invoices, manage e-way bills, and for a smooth ITC claim as a way ahead.

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Received an E-Invoice? 9 Questions to Consider First

The e-invoice received from the suppliers will have the extra-information related to IRN. Hence, the recipients now need to verify the same and keep it for records.

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