GST
Reverse Charge Mechanism (RCM) in GST
As a general rule, the supplier of goods or services is liable to pay GST. However, in certain cases, GST is payable by the recipient
October 18, 2023
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E-Invoicing
Smart Tax Management: Calculate GST Online and Save Your Time
In the world of business, time is money, and efficient tax management can make a huge difference. One valuable tool that can simplify your tax-related
October 17, 2023
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GST
Simplify Your Tax Calculations: Exploring an Easy GST Calculator
With the introduction of Goods and Services Tax (GST) in India, tax calculations are no longer complex. It was a significant step towards simplifying the
October 17, 2023
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GST
How To Deal With Wrong GST Paid By Mistake
GST represents a novel taxation system with innovative concepts such as determining the ‘place of supply’ and new tax structures. It is a consumption-based tax
October 17, 2023
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GST
What Are the Reasons for Suspension of GST Registration and How to Resolve it
GST regulations provide a strong framework for еnsuring compliancе. Thеsе rеgulations arе pеriodically modifiеd to strеamlinе thе GST systеm and еnsurе fairnеss for all. If
October 17, 2023
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GST
How To do GST Registration Online
GST brought about an epic transformation of the indirect tax system in India, creating a unified, transparent. The efficient tax regime benefiting businesses and uplifting
October 17, 2023
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E-way Bill
Understanding the E-Way Bill System in GST: Compliance and Consequences
The e-way bill system was introduced in GST by the Government to check tax evasion. In this system, the supplier or transporter has to register
October 16, 2023
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GST
Best Practices for GSTR-5 Compliance
The Goods and Services Tax (GST) was introduced in India to make compliance easy and to avoid the cascading effect of taxes on the consumer.
October 16, 2023
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GST
Special Considerations for OIDAR (Online Information and Database Access or Retrieval) Services in GSTR-5
The advancement in technology has made it possible for businesses to deliver services from abroad in India through the use of internet. Online Information Database
October 16, 2023
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GST
Late Fees and Penalties for Non-Compliance in GSTR-5
The Goods and Services Tax Act aimed to ease the burden of taxes by integrating multiple taxes into one comprehensive tax and ease compliance. In
October 16, 2023
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GST
GST Implications on Labour Charges | Labour (Contractors) Charges HSN Code
GST applies to every supply of goods or services unless a specific exemption is provided by GST law. “Labour Services” is a very usual nature
October 13, 2023
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GST
Input Tax Credit (ITC) Provisions in GSTR-5
The introduction of GST transformed the indirect tax system in India by integrating multiple complex taxes into a single, unified unit, making compliance and auditing
October 13, 2023
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GST
Amendments and Revisions in GSTR-5
The fast growth of the Indian economy and the various measures taken by the government to encourage non-residents to engage in trade and business in
October 11, 2023
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GST
Calculation of Tax Liability in GSTR-5
A comprehensive indirect tax system was created after the implementation of GST in India, bringing coordination and efficiency to the tax system in the country.
October 11, 2023
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GST
Requirements and Eligibility for GSTR-5 Registration
The fast pace of growth of the Indian economy, overtaking United Kingdom to become the fifth largest economy as per IMF projections has attracted lot
October 8, 2023
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GST
Amendments and Revisions in GSTR-4
GSTR 4 is an annual summary return that has to be filed by composition taxpayers, it consists of details of outward, inward supplies, import of
October 7, 2023
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GST
Simplified Procedure For GSTR 4 Composition Return Filing
The Goods and Services Tax has transformed the indirect tax system in the country by combining various taxes into one tax. In this tax regime,
October 6, 2023
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GST
Details Required In GSTR-6
GSTR-6 is more than just a return; it’s your avenue to efficiently distribute Input Tax Credit (ITC) across your organisation’s branches. This process ensures compliance
September 28, 2023
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GST
Calculation And Payment Of TCS Liability In GSTR-8
What is TCS under GST Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by
September 28, 2023
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GST
Applicability And Registration Requirements For GSTR-8
What is GSTR-8 return? GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source)
September 28, 2023
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GSTR 7
Challenges And Considerations For GSTR-7 Compliance
What is GSTR-7? GSTR-7 is a monthly return filed by individuals who deduct tax at source. Every GST-registered individual who deducts TDS under GST must
September 28, 2023
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GST
TDS Reconciliation With GSTR-2A And Form 26Q
What is GSTR 2A? GSTR 2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal. When a
September 28, 2023
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GST
TDS certificates and TDS credit in GSTR-7
The introduction of the Goods and Services Tax (GST) in India has significantly overhauled the country’s tax structure. The GSTR-7 return holds considerable importance in
September 28, 2023
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GST
Calculation and payment of TDS liability in GSTR-7
In the case of GSTR-7, businesses need to understand the calculation and payment process to ensure accuracy and avoid penalties. This article explores the intricacies
September 28, 2023
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GST
Amendments and Revisions in GSTR-7
In the case of GSTR-7, amendments and revisions are integral to maintaining compliance. To simplify the process, the government has introduced new changes that businesses
September 28, 2023
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GST
Details required in GSTR-7 for Tax Deducted at Source (TDS)
Do you need clarification about the details for filing GSTR-7 for TDS (Tax Deducted at Source)? Look no further! This article will provide a clear
September 28, 2023
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GST
Reconciliation of GSTR-6 with GSTR-2A
Do you need help with the reconciliation of GSTR-6 with GSTR-2A? Fret not, as we have got you covered. This article will guide you through
September 28, 2023
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Due Date and Filing
Filing Frequency And Due Dates For GSTR-7
Filing your GSTR-7 accurately and on time is essential for ensuring compliance with tax regulations. Whether you are a business owner or a tax professional,
September 28, 2023
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GST
Applicability and registration requirements for GSTR-7
Are you familiar with the applicability and registration requirements for GSTR-7? This article will provide you with all the information you need to know. From
September 28, 2023
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GST
Best practices for GSTR-6 compliance
This article presents the best practices for GSTR-6 compliance that every Input Service Distributor (ISD) needs to know. With the ever-changing tax regulations, staying updated
September 28, 2023
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GST
Late fees and penalties for Non-compliance in GSTR-6
Are you a GST-registered taxpayer who files GSTR-6? Late fees and penalties for non-compliance in GSTR-6 can significantly impact your business. From late filing fees
September 28, 2023
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GST
Amendments and revisions in GSTR-6
Are you familiar with the amendments and revisions in GSTR-6? The Goods and Services Tax Return-6 (GSTR-6) is an important document that must be filed
September 28, 2023
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GST
Input Tax Credit (ITC) Distribution And Utilisation In GSTR-6
Unlocking the benefits of input tax credit (ITC) distribution and utilisation in GSTR-6 can be a game-changer for businesses. With the correct understanding and strategy,
September 28, 2023
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Due Date and Filing
Filing Frequency and Due Date for GSTR-5
The introduction of GST in India streamlined the indirect tax system, integrating a variety of taxes into one single unit, making compliance easier, lessening the
September 24, 2023
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GST
HSN Code and GST Rate for Fruits and Dry Fruits
GST on fruit, nuts and peels of citrus fruits and melons According to section 2 of chapter 8 of the GST Act, the GST tax
September 21, 2023
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GST
Decoding HSN Code 39: GST Rates and Classification for Plastic Products
Plastic products are classified under different HSN codes based on their specific characteristics and composition. The most common HSN code for plastic products is 39.
September 21, 2023
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GST
Understanding HSN Code for Job Work in GST: A Comprehensive Guide
With the implementation of GST system in India significant structural changes shaped businesses operate and pay taxes. One of the crucial aspects of GST is
September 21, 2023
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GST
HSN Code for Tea and Coffee: Essential Information for Businesses and Consumers
Do you start your mornings with a potent dose of caffeine from a freshly brewed cup of Joe? Or do you prefer a slightly less
September 21, 2023
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GST
Decoding GST Rate and HSN Codes for Laptops, Computers: Essential for GST Compliance
In the Evolving world of technology, computers and laptops have become an integral part of our daily lives. Whether for work, education, communication or entertainment,
September 21, 2023
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GST
GST Rate and HSN Code for Rice, Wheat and Other Cereals: A Complete Guide
India is known for its rich agricultural heritage, producing a wide variety of cereals, including rice, wheat, barley, and more, with the introduction of the
September 21, 2023
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GST
Books, Printed Book HSN Code and 4901 HSN Code GST Rate
“Reading is an act of civilisation; it’s one of the greatest acts of civilisation because it takes the free raw material of the mind and
September 21, 2023
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GST
Understanding The Information Provided in GSTR- 2B
GSTR- 2B is a form circulated by the Goods and Services Tax Network, which includes every detail of inward supplies of goods and services received
September 21, 2023
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GST
Tips for Effectively Utilising GSTR- 2B for GST Compliance
In today’s dynamic business era, staying updated about Goods and Services Tax (GST) regulations is crucial for every business. GSTR-2 B offers seamless features which
September 21, 2023
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GST
Reconciling GSTR- 2B with Purchase Records
Tax compliance can be complex for some individuals to understand, and in the realm of Goods and Services Tax (GST), reconciling GSTR- 2B is crucial
September 21, 2023
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Due Date and Filing
GSTR-6 Due Date: Everything You Need to Know
In GST, the concept of input service distributor was introduced to streamline the distribution of credits under a centralized system from the main office to
September 21, 2023
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GST
GSTR-6 Applicability: Who Needs to File and When?
GST brought uniformity in the tax structure in India, eliminating the cascading effect of taxes on consumers. The introduction of the online portal enhanced compliance
September 21, 2023
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GST
GSTR-5 Format and Details: What You Need to Know
The Goods and Services Tax was introduced to integrate multiple taxes into one comprehensive GST and make compliance easy for the taxpayers. It also eliminated
September 21, 2023
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Due Date and Filing
GSTR-4 Due Date and Filing: A Complete Guide
The introduction of GST laws brought about uniformity and transparency in the indirect taxation system in our country. The composition scheme was introduced to help
September 21, 2023
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GST
Key Differences Between GSTR-2A And GSTR-2B
You may have encountered the terms GSTR- 2A and GSTR 2B while filing the GST returns as a business owner. These are two different kinds
September 20, 2023
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GST
Importance of GSTR- 2B in Input Tax Credit (ITC) Reconciliation
The Indian Taxation system has noticed much transformation with the introduction of Goods and Services Tax (GST). The aim of introducing GST was to simplify
September 20, 2023
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GST
Implications of GSTR- 2B on Compliance and Audit
The world of taxation is very dynamic, and the introduction of Goods and Services Tax (GST) has brought many changes in compliance, where GSTR- 2B
September 20, 2023
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GST
Generation and Availability of GSTR-2B
Tax compliance can be challenging for business owners as there are many documentation and processes to be done. However, everything can be done today with
September 20, 2023
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GST
Common Errors in GSTR 2B | Correcting Errors or Discrepancies in GSTR 2B
Business owners face daily challenges regarding their day-to-day operations or tax obligations. After the introduction of GST, things are simplified. However, there could be errors
September 20, 2023
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GST
GSTR-5: Everything You Need to Know
The introduction of GST is a milestone in the history of the indirect tax system in India. GST replaced the complicated web of Central and
September 7, 2023
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GST
8-Digit HSN Code – It’s Full Form in GST, Turnover Limit and Everything You Need to Know
Understanding HSN Code, It’s Full Form? HSN stands for “Harmonized System of Nomenclature”. The HSN code is a numerical classification system used to categorize goods
September 7, 2023
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GST
What Is the Work Contract HSN Code Under GST
Works contract means a service contract involving supply, a mixture of service and transfer of goods. Examples of works contracts are the construction of a
September 4, 2023
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GST
Challenges in GSTR-4 filing for Composition Taxpayers
The introduction of GST unified the complex Central and State taxes into one integrated indirect tax system in the country. The aim of the government
September 4, 2023
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GST
GSTR 4 Late Fee: How Much Do You Pay and What Are the Consequences?
The composition scheme was introduced to bring simplicity and reduce the burden and compliance cost for small businesses. Registering for this scheme is optional where
September 4, 2023
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GST
Input Tax Credit (ITC) Provisions in GSTR-4
The Goods and Services Tax Act was introduced to eliminate the cascading effect of taxes on the people. The salient feature of the act was
August 31, 2023
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GST
Labour Charges HSN Code with GST Rate
In the dynamic landscape of taxation, the Goods and Services Tax (GST) has been a game-changer in simplifying the indirect tax system in India. One
August 30, 2023
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GST
How to Calculate Tax Liability in GSTR-4 for Composition Taxpayers
The introduction of the composition scheme was to make calculation of tax liability and compliance easier for small, micro and medium businesses. Based on business
August 30, 2023
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GST
GSTR-4 Format: A Comprehensive Guide on GSTR 4 Details
The composite scheme was introduced to make compliance simple and easy for small businesses. It is mandatory for all taxpayers registered under the composite scheme
August 30, 2023
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GST
Role and responsibilities of an Input Service Distributor (ISD) under GSTR-6
The role and responsibilities of an Input Service Distributor (ISD) under GSTR-6 are crucial in ensuring smooth and efficient distribution of input tax credits within
August 29, 2023
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GST
How to Check GST Registration Status ?
GST Registration process is completely driven online, and prospective taxpayers have to submit the required documents online. The approval process is also online. On submission
August 28, 2023
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GST
Benefits and Limitations of using GSTR- 2B
Technology and systems have changed our daily work, and taxation is no exception. GSTR- 2B is a powerful tool helping businesses stay updated about their
August 26, 2023
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GST
GSTR 1 Details: Everything You Need to Know
What is GSTR 1 Every taxpayer has to file returns once the GST Registration is obtained have to file returns periodically. Regular Taxpayers or casual
August 26, 2023
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GST
Different Status of GST Registration
GST Registration Persons have to obtain GST Registration once they cross the threshold. Application for GST Registration has to be submitted online through the Common
August 26, 2023
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GST
A Comprehensive Guide: How to File GSTR-3B with Accuracy
GSTR-3B is a key component return and filing GSTR-3B is mandatory for all registered businesses in India. The self-declaration summary return provides details of all
August 25, 2023
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GST
Understanding Tax Liability Calculation in GSTR-3B
All registered taxpayers under the Goods and Services (GST) act in India need to file the monthly return GSTR 3B. This form is a summary
August 25, 2023
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GST
GSTR-3B Reconciliation with GSTR-1 and GSTR-2A: Avoiding Tax Mismatches and Penalties
GST is a consolidated value added tax levied on the manufacture, sale and consumption of goods and services across India. It subsumes different taxes that
August 25, 2023
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GST
What is GSTR-3B: Definition, Purpose, and Importance
The introduction of Goods and Services tax has transformed the taxation system in the country. By unifying multiple indirect taxes into a single comprehensive tax,
August 25, 2023
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GST
Penalties and Late Fees for GSTR-3B Filing
The most important aspect of GST compliance is the timely submission of GSTR-3B returns. GSTR-3B is a self-declared summary return which reflects supplies, input tax
August 24, 2023
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GST
Understanding Utilization of Input Tax Credit (ITC) in GSTR-3B
The introduction of GST laws in India has transformed the indirect tax system by replacing multiple taxes with a single unified tax structure. Many returns
August 24, 2023
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GST
Know Your GSTR-3B Due Dates and Filing Frequency for Smooth GST Compliance
The introduction of GST laws has streamlined the tax system, eliminated the cascading impact of tax on consumers and improved compliance. The various returns specific
August 24, 2023
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GST
GSTR- 2B: Everything You Need to Know
In the ever-changing world of tax compliance, staying up-to-date is essential for your business to stay ahead. Goods and Services Tax (GST) is a remarkable
August 23, 2023
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GST
GSTR-2A and GSTR-2B: A Guide for Taxpayers
Need for GSTR-2A: When GST was introduced in 2017, taxpayers were required to file two returns, GSTR-1 and GSTR-3B. In GSTR-3B, taxpayers were claiming ITC
August 22, 2023
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GST
Composition Levy under GST: Everything You Need to Know
Composition levy under GST is an alternative levying tax on small taxpayers. The composition levy aims to ease filing tax returns and reduce compliance costs
August 22, 2023
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GST
GSTR 1 Due Date and Filling Frequency Everything You Need To Know
Latest Update: GSTR-1 Filing Due Date to be Extended till Apr 12 – GSTN A GST Return is a form a Taxpayer must file for
August 22, 2023
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GST
Benefits of GST Registration
In India, businesses must register for GST once their annual turnover crosses the threshold. GST Registration allows businesses to charge GST from consumers and claim
August 21, 2023
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GST
What is GST Registration?
GST Registration is a crucial requirement for businesses operating in any country, as it enables compliance with tax regulations and other legal aspects like the
August 21, 2023
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GST
Mera Bill Mera Adhikar: How Consumers Can Be Rewarded for Uploading Their GST Invoices
Consumer empowerment plays a vital role in economic policies today, and the introduction of the GST Reward Scheme provides an important step to make the
August 21, 2023
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GST
A Guide to Dealing with Exempt and Non-GST Supplies in GSTR-3B
The introduction of GST laws has created a uniform and transparent indirect tax structure in our country by unifying various taxes like vat, excise duty,
August 9, 2023
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GST
A Comprehensive Guide to GSTR-3B Amendments and Adjustments
GSTR-3B is a self-assessed summary return that has to be filed by registered taxpayers under GST every month. It includes details of outward and inward
August 9, 2023
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GST
Eligibility Criteria for Filing GSTR-4
The introduction of GST laws transformed the indirect tax system in India by unifying a plethora of state and central taxes into one consolidated unit.
August 8, 2023
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GST
Common Errors and Mistakes in GSTR-3B Filing
Filing taxes can be complex, especially regarding the Goods and Services Tax (GST) in India. A critical aspect of GST compliance is filing GSTR-3B, a
August 2, 2023
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GST
GSTR-4 Meaning & Applicability
GSTR-4, the Quarterly Return for Composition Taxpayers, is a crucial component of many Countries’ Goods and Services Tax (GST) systems. It is specifically designed to
August 2, 2023
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GST
GSTR-2 Demystified: Understanding the Meaning and Process
In today’s ever-evolving business landscape, staying compliant with tax regulations is essential for the success and growth of any enterprise. One such critical aspect is
July 18, 2023
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GST
Understanding GSTR-1 IFF: A Comprehensive Guide
The Goods and Services Tax (GST) that the Indian government implemented has undoubtedly streamlined the taxation system, yet many people still find it to be
July 18, 2023
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GST
Understanding GSTR-10: The Final Return after GST Registration Cancellation
If you are a registered taxpayer under the Goods and Services Tax (GST) regime in India, you must be familiar with the various GST returns
July 18, 2023
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GST
Demystifying GSTR-2: Meaning, Components, and Filing Process
When it comes to India’s Goods and Services Tax (GST), businesses must comply with various filing obligations to ensure smooth and transparent tax administration. One
July 18, 2023
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GST
Unlocking the Potential of GSTR-2B Reconciliation
Introduction: One of the essential tasks for businesses is to ensure accurate reporting of their inbound supplies from registered suppliers. GSTR-2B is the tool that
July 18, 2023
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GST
GST Refunds Cannot Be Rejected on Grounds Not Mentioned in the SCN
The Delhi High Court has set aside the order issued by the Appellate Authority, which rejected the petitioner’s refund claim. The court found that the
July 18, 2023
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GST
Geotagging in GST Registration: Understanding the Process and Benefits
For any registration, be it Professional Tax or MSME, Income Tax, PF, etc., the place of business, i.e., the premises from where the business is
July 17, 2023
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GST
A Step-by-Step Guide to GST Registration for E-Commerce Businesses
GST Registration is mandatory for taxpayers whose turnover crosses the prescribed threshold limit, but there are cases where it is compulsory to obtain GST Registration even in
July 17, 2023
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GST
Amendment in GST Registration: Core and Non-Core Fields
The GST Registration obtained by the taxpayer has to be changed for some reason or another, like a change of the Principal Place of address,
July 17, 2023
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GST
Understanding GST Threshold Limit: Calculating the Registration Requirement
How do I calculate the GST Registration threshold? The Goods and Services Tax (GST) threshold limit sets the minimum annual turnover that necessitates businesses, whether
July 10, 2023
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GST
GST Registration: Who Needs to Register for GST?
GST, or Goods and Services Tax, is a comprehensive tax implemented in India on the supply of goods and services since July 1, 2017. To
July 10, 2023
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GST
Aadhaar Authentication in GST Registration: Process and Requirements
In the initial days of the rollout of GST, the GST Registration process was simple, and the taxpayers were getting their GST Registrations without any
June 20, 2023
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GST
GST Registration for Non-Resident Taxable Person
A “non-resident taxable person” refers to an individual who occasionally conducts transactions involving the sale of goods or provision of services, either as an agent
May 19, 2023
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GST
GST Registration For Specified Categories – NGOs/Trust
In India, GST is applicable on the supply of goods or services for all businesses or charitable trusts or NGOs or religious establishments unless notified
May 19, 2023
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