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...
Table of contents: Overview Circumstances Requiring a Debit Note Mandatory Details in a GST Debit Note Issuance and Reporting of Debit Notes Step-by-step guide to filing a GST Debit Note and Format Common Mistakes and Compliance Tips Additional Compliance Checklist...
Table of contents: Eligibility for GST Refund: Are You Eligible? Types of Refunds under GST How to Calculate GST Refund: The GST Refund Formula Net Input Tax Credit (ITC) and Its Importance in GST Refunds Step-by-Step Guide to the GST Refund Process Essential...
Table of contents: Understanding the purpose and scope of a LOA Types of GST-related actions requiring an LOA Key legal framework and compliance requirements Overview of regulatory bodies How to draft a legally valid LOA for GST Roles and responsibilities of an...
Table of contents: Purpose and Need for Anti-Profiteering Measures How Anti-Profiteering Works under GST Role of the National Anti-Profiteering Authority (NAA) Steps for Businesses to Ensure Compliance Impact of Anti-Profiteering on MSMEs and Large Enterprises Case...
Table of contents: Purpose and Applicability of Section 73 Time Limits for Issuance of Notice Steps for Demand and Recovery Under Section 73 Penalties and Interest Under Section 73 How is this different from Section 74 How to Respond to a Notice Issued Under Section...
Table of contents: DRC 07 Form significance and applicability Understanding DRC 07 among other GST Notices Situations that lead to the issuance of DRC 07 Process of Responding to DRC 07 Importance of timely responding to notice Common Mistakes and Tips for Compliance...
