Table of contents: Introduction Type of GST Invoices Regular Tax Invoice sample – Download format Bill of Supply – Brief understanding Revised Tax invoice sample – Download format Key elements to consider in a Tax Invoice Conclusion Understanding use...
Table of contents: What is Interstate GST? What is Intrastate GST? Difference between Intrastate and Interstate GST on – Applicability Tax Structure Place of Supply Input Tax Credit Registration Requirements Compliance and Returns Frequency of Filing Returns...
Table of contents: Introduction with common functions Fraud Detection and Prevention The Interplay Between GSTN and the E-Way Bill System Analytics Tools for Government Decision-Making Integration of GSTN with Third-Party Systems Role in Digital Transformation of...
Table of contents: Understanding DRC-01 notice How to respond the notice Common issues leading to issuance Consequences of ignoring the DRC-01 notice How to file response with guidelines Legal framework around DRC-01 Role of DRC-01 in GST Compliances Conclusion The...
Understanding the cascading effect in Goods and Services Tax (GST) is crucial as it addresses a significant issue in the pre-GST tax structure. This article explores the concept in detail, explaining its implications for various stakeholders in the economy. Definition...
Table of contents: Explaining CGTMSE and CGFMU Comparison Loan limits Comparison on Coverage and Guarantee Fees Claim settlement process Comparison on Eligible Enterprises Differences in Application Process Target Audience for Each Scheme Recent Updates Conclusion In...
Table of contents: What is ARN – its role and importance Step-by-step guide to track GST ARN status GST ARN statuses and their meaning Documents Needed for ARN Application Common Mistakes During GST Registration Troubleshooting ARN Tracking Issues How to Resolve...
The GST Council was established in September 2016 as part of the 101st Constitutional Amendment Act, marking a monumental shift in India’s taxation system. Prior to GST, the Indian tax landscape was fragmented, with multiple indirect taxes levied at various levels of...
Table of contents: Overview of the 54th GST Council Meeting Agendas of the Council Meeting Major Decisions from the GST Council Meeting Outcome and Implications of the 54th GST Council Meeting Future Agenda of the GST Council Conclusion The 54th GST Council Meeting...
Table of contents: An overview of Section 17-5 of the CGST Act Clause (a) – Blocked ITC on Vehicle Clause (ab) – Vehicle Repairs and Insurance Clause (b) – Employee-Related Expenses Clause (c) – Construction and Works Contracts Clause (d)...
Table of contents: Understanding GSTR-6 Eligibility for GSTR-6 Turnover limit Due dates GSTR-6 Return filing process GSTR-6 Format and Form Screenshots Required Information in GSTR-6 Its Importance for ISDs Challenges Best Practices Comparison with other GSTR Returns...
Table of contents: What is Reverse charge mechansim (RCM)? Key Features and purpose of RCM Applicability under RCM including Goods and Service list Liabilities under RCM GSTR Forms Relevant to RCM (GSTR-1, GSTR-2) Input Tax Credit (ITC) on RCM Time of Supply under RCM...
