Government Notifies New Annual Return GSTR-9 Form for GST The government has notified a new return form for goods and services tax (GST) that will have to file for the full year. The normal taxpayers will need to file GSTR-9 return form [...]
Do You Know GST Basics The rollout of GST in July last year was touted as the biggest tax reform that our country had seen post-independence. It had a huge impact on our economic environment. However, even after [...]
Foreign Direct Investment (FDI) Compliance Checklist The Indian Companies receiving Foreign Direct Investment (FDI), while remitting funds one should ensure that – The Remitting Investors should ensure that (for FDI) – Funds have to flow only from the investors’ bank accounts. The purpose [...]
DIR-3 Form To Be Filed The Ministry of Corporate Affairs has notified the format of e-form DIR-3 KYC under new Rule 12A (Directors KYC) vide the ‘Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018’, along with the procedure for restoration [...]
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 [...]
