A BRIEF SUMMARY ON E-INVOICE UNDER GST What is e-Invoice? E-invoice full form is electronic invoice. E-invoice is a digital document, endless trail of paperwork,
RECOMMENDATIONS OF GST COUNCIL MEETING The 47th GST Council Meeting under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman was
DUE DILIGENCE- MEANING AND PROCESS The process of due diligence is a continuous procedure to be carried out which is initiated right since the inception
NEW GUIDELINES FOR GST REFUNDS What is GST refund? Usually when the GST paid is more than the GST liability a situation of claiming GST
GSTN advises Taxpayers not to avail ITC on Same Invoice appearing twice in GSTR-2B New clause “(aa)” to Section 16(2) has been inserted vide Section
INPUT TAX CREDIT ON INSURANCE EXPENSE UNDER GST Under GST law, input tax credit can be availed by the registered person on the inward supplies
LATE FEES WAIVED OFF FOR DELAY IN FILING GSTR-4 TILL 30TH JUNE 2022 What is GSTR-4? The GSTR- 4 form is an annual return
MAKE CORRECTIONS IN GST TRAN-1 & TRAN-2 MANUALLY What is Tran-1? i. Every registered person who is entitled to carry forward input tax credit (ITC)
KNOW EVERYTHING ABOUT GSTR-4 GSTR-4 is a GST Return that has to be filed by a composition dealer. Unlike a normal taxpayer who needs to
IMPACT ON RESTAURANT ECOSYSTEM The recent notification stated that food ordering platforms have to collect tax on behalf of all restaurants. The new provision comes
