Risky Exporters in GST: Your Complete Guide to Procedures, FAQs, and More
In the complex world of international trade, understanding the nuanced roles that exporters play in the economy is vital. A term that often comes up in this context is “risky…
Understanding GST Section 15: Value of Taxable Supply
The Goods and Services Tax (GST), implemented in India on July 1, 2017, was a revolutionary change in the tax structure, intending to streamline and simplify the process of tax…
Consequences of Late or Non Filing of GSTR-3B
The Goods and Services Tax (GST) introduced in India in 2017 transformed the indirect taxation landscape, simplifying tax structures and increasing compliance. Among the various returns under GST, GSTR-3B holds…
GST Registration can take upto 30 days even after Aadhar Authentication
Understanding the Impact of New GST Registration Protocol on Indian Entrepreneurs The Goods and Services Tax Network (GSTN) has been at the core of India’s ambitious tax reform since its…
OIDAR under GST: Detailed Explanatory Guide
Introduction to OIDAR Services under GST Online Information Database Access and Retrieval (OIDAR) services represent a modern category of digital transactions significantly impacted by GST regulations. Understanding OIDAR is essential…
How to Reply to DRC-01C: Notice of ITC Mismatch GSTR-2B vs GSTR-3B
Understanding DRC-01C: Notice of ITC Mismatch in GSTR-2B vs GSTR-3B When operating in the realm of GST in India, maintaining accuracy in the filing of monthly returns, specifically GSTR-1 and…
CMP-08: The Ultimate Guide to Quarterly GST Returns for Composition Dealers
With the implementation of GST (Goods & Services Tax) in India, the tax landscape saw a seismic shift. This monumental tax reform was accompanied by new procedures, notifications, and forms…
E-Invoice Integration in E-Waybill Generation – Strategies for Taxpayers Post-March 2024 Mandate
As the complexities of global business evolve, so do the requirements for regulatory compliance. Starting from March 1, 2024, India’s Goods and Services Tax (GST) law will undergo a significant…
GST Department’s Revolutionary E-Payment Enhancements with Card and UPI Options
In the era of digital transformations, the Goods and Services Tax (GST) Department has upped its game, extending the taxpayer experience beyond net-banking to newer, more expedient methods of e-payment….
Decoding GST on Rent: Residential vs. Commercial Properties
In the Indian economic landscape, property rental holds significant weight, both as a vital income source for individuals and businesses, and as an unavoidable expense component for countless firms. The…
Decoding the HSN Code Compliance: Navigating the E-Way Bill Advisory
Money, it is often said, makes the world go round. And in the intricate web of financial transactions, only one thing is as certain as death – taxes. Ensuring tax…
A Guide to Mandatory Bank Details Submission in GST Compliance
The world of Goods and Services Tax (GST) consistently evolves, with new advisories and regulations continually emerging. Such changes necessitate attentive understanding and prompt action from taxpayers, which is where…