Here's how to reset form GSTR 3B in a few easy steps | Editing GSTR 3B made easy | Learn more about form GSTR 3B and government's new reset option.
The Union Finance Minister Nirmala Sitharaman will preside over the 50th GST Council Meeting, which is most likely to take place in June 2023.
Form DRC-01B serves as an official communication from the GST authorities to taxpayers, indicating a discrepancy in the reported liability between their GSTR-1/ IFF and GSTR-3B returns.
Significance of harmonizing GSTR-1 and GSTR-3B, exploring why it is more prudent to strive for consistency rather than explain differences | Liability / Difference Appearing in R1 – R3B (DRC-01B)
This article explores the pivotal role played by technology in simplifying ITC management, from automated data extraction and real-time reconciliation to seamless integration with accounting systems.
A UIN or Unique Identification Number is a GST Exempt class under GST regime for specified person/organisations such as foreign diplomatic missions and embassies, who do not carry any outward transaction and thus are entitled to the refund of the tax paid on inward supplies.
The pure agent makes a payment to a third party, on behalf of the recipient, for procuring a supply when the contract for the supply of services procured is between the third party and the recipient.
One such proposal laid down to improve GST implementation is Reverse Charge Mechanism (RCM) with an aim to enhance tax compliance and coverage across organized, partly organized and unorganized sector in India.
Payment Voucher under Reverse Charge Mechanism in GST is a proof of transaction between taxpayer and unregistered supplier.
Learn how the new changes in Tax Collected at Source (TCS) on overseas travel packages in India from 5% to 20% will impact the cost of travel for customers and travel companies
In this article, we will see 6 Tasks a GST Software can do to Simplify your Compliance beyond just Return Filing. Read on...
Lifecycle of an Invoice under GST: This article aims to simplify the various stages involved, highlighting how the data passes through different stages and various GST returns.
