GST AUDIT CIRCULAR GST SPECIAL PROCEDURES TO BE FOLLOWED Below are some of the key points that every taxpayer must keep in account: 1. Reconcile your GST Input Tax Credit Claimed with Online GSTR-2A. If the credit claimed does not match with [...]
GST Compliant Invoices - What, Why & How! Challenges Faced by Small and Medium Business Enterprises and Entrepreneur in Invoicing Invoices are the immanent part of any Businesses Enterprises and for a Freelancer. It's tedious, yet the [...]
GST Council Simplifies Return Filing The GST Council on Friday unveiled a new simplified return that would require a taxpayer to file only one return every month and set a period of six months for the transition to take place. “It [...]
Error Number RT-SCVU101 During GSTR-3B Return Filing Few taxpayers are facing an error "Something seems to have gone wrong while processing your request. Please try again. If error persists quote error number RT-SCVU101 when you contact customer care for quick resolution." [...]
GST - Things To Do Before March End 1. Reversal of Input Tax Credit – As per the rules of Input tax credit, after issuance of tax invoice if the receiver does not make the full payment of the amount within 180 [...]
Must-Have Features For Your Billing Software Businesses small or large are required to issue an invoice, which validates the transfer of ownership in goods and/or services to the buyer. In the Indian context, we are still evolving from manual records and digitization [...]
Notice to Return Defaulter u/s 46 for Not Filing Return Goods and Services Tax Network (GSTN) has been issuing notices to businesses registered under Goods and Services Tax for non-filing of GST Return on GST Common Portal. It has caused panic to [...]
New Changes Introduced in GSTR-3B Goods and Services Tax Network has on February 21, introduced few changes in GSTR-3B return form. They now claim to simplify GSTR-3B for taxpayers. We analyzed these changes and have consolidated our analysis here. Auto-population of [...]
NET ITC Provided is not equal to ITC Available - ITC Reversed, Error Number RET3B91404 Goods and Services Tax Network (GSTN) has recently simplified the GST Return Filing on GST portal. This includes auto-calculation of SGST amount from CGST amount and vice-versa, [...]
Registration For Profession Tax Enrollment Certificate (PT-EC) Taxpayers registered under Goods and Services Tax in Maharastra are now facing a new challenge as they are compulsorily required to register under Professional Tax. Many of the taxpayers have received the following notices. As per the [...]
