Quarterly GST Payment Scheme
Quarterly GST Payment Scheme Vide circular no. 143/13/2020-GST dated 10th November 2020, the Central Board of Indirect Taxes and Customs clarified the newly introduced a quarterly GST payment scheme...
View ArticleCentral Goods and Services Tax (Thirteenth Amendment) Rules, 2020
Central Goods and Services Tax (Thirteenth Amendment) Rules, 2020 The Central Board of Indirect Taxes and Customs has come up with various crucial amendments by introducing Central Goods and Services...
View ArticleSalient Features of the QRMP Scheme
Salient Features of the QRMP Scheme The Goods and Service Tax Network (GST) has announced the Salient features of Quarterly Return Monthly Payment QRMP Scheme vide a Notification dated 20.11.2020. The...
View ArticlePenalty waiver for non-compliance of QR Code
Penalty waiver for non-compliance of QR Code Recently, to ease up the implementation process of QR (i.e. Quick Response) Code under Goods and Services Tax, the Central Board of Indirect Taxes and...
View ArticlePhysical verification for GST registration
Physical verification for GST registration Recently, the Central Board of Indirect Taxes and Customs has come up with the Standing Operating Procedure for cases wherein physical verification of the...
View ArticleHSN Code effective from 1st April 2021
HSN Code effective from 1st April 2021 Harmonized System of Nomenclature, shortly and popularly known as HSN, is a system via which goods are classified under Goods and Services Tax. Provisions...
View ArticleSystem generated Form GSTR-3B
System generated Form GSTR-3B Based on the different submitted returns and auto-populated returns, the Goods and Services Tax Network (GSTN) now facilitates the generation of Form GSTR-3B. The system...
View ArticleAuto-generation of e-invoice details in Form GSTR-1
Auto-generation of e-invoice details in Form GSTR-1 The specified registered persons who are liable to follow e-invoice facility, are facilitated with auto-population of e-invoice details in Form...
View ArticleIntimation of suspension of GST registration
Intimation of suspension of GST registration Recently, the Central Goods and Services Tax Rules, 2017 were amended. The amendment was notified vide notification no. 94/2020-Central Tax dated 22nd...
View ArticleAdditional requirement for GST registration
Additional requirement for GST registration Recently, the Central Board of Indirect Taxes and Customs, vide notification no. 94/2020- Central Tax dated 22nd December 2020, introduced the Central Goods...
View ArticleFunction enabling communication between taxpayers under GST
Function enabling communication between taxpayers under GST Recently, a new function ‘Communication between taxpayers’ is enabled on the GST portal. The new function enables direct communication...
View ArticleBulk generation of GST e-invoice
Bulk generation of GST e-invoice From 1st January 2021, e-invoice is mandatory for the registered taxable person having an aggregate total turnover above INR 100 Crores. Large businesses will obviously...
View ArticleInvoice Furnishing Facility
Invoice Furnishing Facility Filing of quarterly Form GSTR-1 return is available to a small registered person under GST. However, due to quarterly filing of details, there will be a delay in availing of...
View ArticleCore Business Selection on GST portal
Core Business Selection on GST portal Recently, the Goods and Services Tax Network (i.e., GSTN) has introduced a new feature namely ‘Core Business Selection’. Vide the feature, the registered taxable...
View ArticleDifference between GSTR-2A and GSTR-2B
Difference between GSTR-2A and GSTR-2B Recently, under Goods and Services Tax, the following two types of auto-populated returns/ statements are introduced- Form GSTR-2A– Details of auto drafted...
View ArticleInvoice Reference Number
Invoice Reference Number Invoice Reference Number (shortly and more popularly known as IRN) is a unique number generated for each invoice uploaded on an e-invoice system. The number is also known as...
View ArticleGeocoding of address under GST
Geocoding of address under GST Address verification of the place of business is vital under Goods and Services Tax (GST). Accordingly, to confirm the accuracy of the address details recorded in the...
View ArticlePenalty for Late Filing of GST Return 3-B
Penalty for Late Filing of GST Return 3-B Filing taxes is essential for every business, and the Goods and Services Tax (GST) is no exception. Under the GST regime, taxpayers are required to file...
View ArticleGST Return Filing Due Dates
GST Return Filing Due Dates GST return filing is a critical aspect of the GST compliance framework. The GST system has streamlined the taxation process and brought uniformity to tax rates nationwide....
View ArticleUnderstanding Bulk GST Return Filing
Understanding Bulk GST Return Filing The introduction of the Goods and Services Tax (GST) in many countries has transformed the way businesses manage their tax obligations. Under the GST regime,...
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