The IRISGST Times
Volume 71 | November, 2023
What’s Inside
Hello Readers!
Are you still hurt over the ICC Men’s Cricket World Cup loss? Well, while we lost the finals, our boys made us immensely proud!
And it’s time to cheer up and gear up for December!
As we step into the final month of the year, we find ourselves amidst a significant development in India’s economic landscape—the latest changes to the Goods and Services Tax (GST). November has brought about noteworthy amendments that warrant our attention and consideration.
In this newsletter, we aim to shed light on the key modifications and their potential impact on businesses and individuals.
Here, we will also give you a sneak peek at our IRIS GST Software- a cloud-based software to help you with GST Return Filing and GST Reconciliation. Moreover, you’ll find the Compliance Calendar for December 2023 to help you sail smoothly without missing on important GST due dates.
Wishing you a successful and compliant journey through these recent GST adjustments.
Warm Regards,
Gloria Gomes,
Editor, IRISGST Times
Latest GST News Updates
The month of November witnessed several GST updates and advisory announcements from the GOI regarding ITC claim, reversal, and mismatch to enhance tax compliance and bring down the number of fraudulent cases. For all the latest updates, click here: Top GST News
Reader’s Choice of the Month
Top Finance News of the Month
As the Reserve Bank of India (RBI) has decided to raise weights on unsecured loans, interest rates are all set to increase because of the higher cost of funds. This move by the central bank will prompt customers of the fintech lenders to shift to banks and non-banking financial companies (NBFC).
GST Updates
Product Highlight
IRIS GST Software- Your Perfect Solution for GSTR 9 – Returns!
On-time filing of the annual return form, GSTR 9, is crucial for ensuring accurate tax compliance, preventing penalties, and maintaining transparency with tax authorities. It serves as a comprehensive tool for reconciliation, allowing businesses to rectify errors and contribute to the seamless functioning of the GST system, promoting financial integrity.
Here’s IRIS GST Software Navigating You Through GST Return Filing in a Hassle-free Manner!
Now simplify the complex task of GST return filing using our cloud-based solution. Get effortless invoice data preparation and reconciliation through bulk operations, automation, and advanced reconciliation.
Why Choose IRIS GST Software?
- Reduces GST Return Preparation Time with bulk import of sales data, advanced reconciliation, 2A download, and significantly reduce return filing time.
- Enables Seamless & Efficient GST Reporting with PAN level view, single login for multiple GSTNs, cloud-based platform and multi-user access.
- Provides Maximum ITC Claim with features like matching invoices beyond financial years, invoice numbers, and other rule-based GST reconciliation and up-to-date algorithms ensuring maximum 2B-2P data matching.
- Elevates Vendor Compliance by checking vendor GSTNs, matching GSTR 2A, bulk mailing missing voices and sending reminders.
For more information on IRIS GST Software, mail us at support@irisgst.com
Testimonial
“The solution is well-rounded & up-to-date with GST norms.”
“When it comes to GST Filing, I know I can rely on IRIS GST. Filing monthly GST Returns- GSTR 1, 3B, specific returns like ITC 04 and annual return – GSTR 9, including the entire reconciliation process, wouldn’t have been easier without IRISGST. We are quite pleased with the product and the support provided. While the solution in itself is well-rounded and up-to-date with GST norms, the support provided by the team is prompt, reliable and 24×7. The support team has deservingly earned the gratitude. Cheers !”
– PRAKASH KINAGE,
“Indirect Taxation Head, Forbes Marshall Group The solution is well-rounded & up-to-date with GST norms.”
GST Compliance Calendar
Here’s a comprehensive image of the GST Compliance Calendar, helping you remain GST complaint. It comprises all GST due dates for the month of November 2023.
Click here to read: GST Due Dates – November 2023 Calendar
By Swati Ajmera
We hope you enjoyed reading this issue of IRIS GST Times and found it informative! Do write us back and let us know what was a hit or miss for you from this issue. Our email id is: support@irisgst.com
We welcome and value every feedback, be it via comments, replies on Social platforms or emails. Thank you for appreciating our efforts and staying connected.
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