Input Tax Credit Rules under New GST Returns
Input Tax Credit is the heart of GST compliance for all taxpayers. It is the provision of input tax credit that ensures that taxpayers only need to pay GST on the value added to the goods or services supplied. In the first phase of GST…
13,973 total views, 83 views today
New GST Return Filing Process – A Quick Guide
After the introduction of GST on 1st July, ’17, the GST Council has repeatedly taken measures to simplify the GST return filing process for taxpayers. As part of this exercise, the GST Council is working to bring in the second phase of GST, with greater…
16,230 total views, 66 views today
Freedom From Fear – Avoid GST Mismatches and Notices
Over the past few months, several businesses across the nation have been plagued with GST notices from the government. If reports are to be believed, there has been a nearly 34% of GST mismatch or underpayment of GST, amounting to an overwhelming deficit of INR…
29,622 total views, 65 views today
Highlights of New GST Returns
In the 27th GST Council meeting, the GST Council first announced the new GST return filing process. In the 28th GST Council meeting, the new GST returns and return filing process have been approved. Within a week, a draft of the new GST return forms…
37,658 total views, 61 views today
Why you need freedom from the clutter of spreadsheets?
In our blog yesterday, we took you through the many advantages of automation, and why it is probably the right time for you to attain freedom from manual business processes. It is good to note that numerous small businesses across the country are coming to…
32,663 total views, 57 views today
Why You Need Freedom From Manual Business Processes?
On 15th of August, 2018, India will complete 71 glorious years of independence. Similar to the political landscape, the business landscape too has undergone a plethora of changes – the most important of which has been the digital India drive. Over the years, even the…
33,405 total views, 57 views today
28th GST Council Meeting Updates – Rate Changes for Goods
On 21st July, 2018, the 28th GST Council meeting was conducted to take major decisions pertaining to the existing GST model. A plethora of changes took place, with respect to rate changes in goods, rate changes in services, and most importantly, the simplified GST return filing…
71,174 total views, 60 views today
Enabling option of single E-way Bill for multiple vehicles
With Delhi going live with the e-way bill on 16th June, the entire country has now moved into the era of the e-way bill, both at inter-State as well as intra-State levels. With no major glitches having been reported across the country, the implementation can…
77,338 total views, 64 views today
One Year of GST: the Workings of the Technology-First Tax System
I am writing as one of the people who have been in the ‘middle’ of this enormous tax reform – since we provide software solutions to businesses who need to comply with GST. This has given us a view on both sides of the bridge…
86,599 total views, 78 views today
Recent AAR Rulings – Food, Beverages & Catering Services
In one of our previous blogs, we had discussed about the advance ruling mechanism under GST. If you recall, the first level of jurisdiction as far as advance ruling is concerned, is held by a body known as the Authority for Advance Rulings (AAR). An…
131,628 total views, 58 views today
Intra State E-way Bill : Things to watch out for
It has been almost two months since the inter state e-way bill for movement of goods was rolled out across the nation on the 1st of April, 2018. In parallel, it was decided that intra state e-way bill too shall be rolled out in a…
145,072 total views, 65 views today
Prosecution and Compounding under GST
In our previous blogs, we have discussed about the various offences under GST, and also we have gone through the various penalties corresponding to the various offences in detail. In this blog, we will discuss about prosecution provisions under GST, and also about how compounding…
152,125 total views, 65 views today
