Table of contents: What is a GST Audit? Why GST Audits Are Crucial for MSMEs Applicability of GST Audit GST Audit Limits and Criteria Due Dates for GST Audit Steps to Conduct a GST Audit Key Documents Required for GST Audit Common Errors Found in GST Audits Penalties...
Table of Contents: Introduction to GST Ledgers Understanding Input Tax Credit (ITC) Role Structure and Maintenance of the Electronic Credit Ledger Accessing and Navigating the Electronic Credit Ledger on the GST Portal Utilization of Balances in the Electronic Credit...
Table of contents: Overview Types of Returns Who shoud file the returns? Documents Required Steps to file return Due Dates Penalties on delayed returns How to check return status Challenges & Solutions Recent Updates Conclusion A GST return is a mandatory document...
Table of contents: Overview of Section 122 of the GST Act Some facts around Section 122 Offenses Covered Under Section 122 Penalties Under Section 122 Latest Changes and Notifications Implications of Non-Compliance Role of GST Professionals Tips to Avoid Penalties...
Table of contents: An overview List of Central Taxes Subsumed Under GST State-Level Taxes Subsumed Under GST Which are the Taxes Not Subsumed Under GST? Pros Cons Impact Principles Conclusion Taxes subsumed under GST marked a significant shift in India’s tax regime,...
Table of contents: Constitutional Amendments that enabled GST Key Features of the GST Amendment Act Key Amendments in Recent GST Amendment Acts Central Goods and Services Tax (Amendment) Bill, 2023 How GST Amendment Acts Are Implemented Impact of GST Amendments...
Section 50 of the Goods and Services Tax (GST) Act governs the provisions related to interest on delayed tax payments. This section ensures that taxpayers adhere to timely compliance, preventing revenue losses for the government. Delays in paying GST liabilities can...
Table of contents: How to Contact GST Customer Care State-Wise GST Helpline Numbers Key Features of GST Helpline GST Portal vs. GST Helpline Additional Support Resources Conclusion Navigating India’s Goods and Services Tax (GST) system can often seem complex for...
Table of contents: What is GST Act of 2017? Key Features of the GST Act 2017 Breakdown of GST Act 2017: Chapters, Schedules and Rules Compliance and Filing Requirements for GST Acts 2017 Impact of GST Acts 2017 on Different Sectors Challenges and Criticisms of GST Act...
Table of contents: What is OIDAR in GST? Scope of OIDAR Services under GST GST Registration for OIDAR Service Providers Is Amazon Classified as an OIDAR Service Provider? Real-World Examples of OIDAR Services TDS on OIDAR Services Availability of Input Tax Credit...
Table of contents: Introduction Key Information Included in GSTR-5 Eligibility and Requirements for Filing GSTR-5 Step-by-Step Guide to Filing GSTR-5 Return Key Deadlines and Penalties Associated with GSTR-5 Amendments and Corrections in GSTR-5 Common Errors in GSTR-5...
Table of contents: Understanding Input Service Distributor (ISD) Why Do We Need ISDs? Eligibility Criteria for an ISD Functions and Responsibilities of an ISD Input Tax Credit (ITC) for ISDs ISD vs. Output Service Provider GST Compliance for Businesses Dealing with...
Table of contents: Understanding Inverted Tax Structure Inverted Tax Structure in India Impact on Businesses Government Measures and Policies Why the Inverted Tax Structure Matters The Hidden Costs of Inverted Tax Structure on Small and Medium Businesses Myth-Busting...
