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Search results for: input tax credit

What Happen If You Do Not File GSTR 3B within Due Date?

Must-know Ramifications If Not Done GSTR 3B Filing on Time

GSTR 3B is the return that needs to be furnished through the regular GST taxpayers. It consists of the summary information of the outward supplies built and the information of the ITC. The last date for furnishing the GSTR 3B next month is date 20 but the government can prolong the last date. What is […]

Best 5 XBRL Software for CA and CS

Best 10 XBRL Return Software for Preparation and Validation

XBRL can be implemented for various business and financial information. The best XBRL software can manage other things such as company internal and external financial reporting, filing loan reports, and applications like credit risk assessments. XBRL is the language for the electronic communication of business and financial data that is revolutionizing business reporting all across […]

GSTN Waive Off 1-day Interest & Late Fee

GSTN Waive Off Late Fee, Interest Due to ECL Error on GSTR 3B Filing

There are assessees who are facing issues in GST return furnishing, the tax council stated that the IT grievance redressal committee will acknowledge the imposed interest and the late fee. On September 20 Central Board of Indirect Taxes and Customs (CBIC) clarified that some of the assessees are facing hardships in the updation of the […]

Supreme Court Order for Revised GST Refund Formula

SC Directs GST Council to Relook GST Refund Formula on Inverted Duty Structure

The refund shall be furnished to the credit that collects on inputs beneath the inverted duty for the GST regime said Supreme court. As per the order, the Madras High court placed it alongside the order of the Gujarat high court. The appeal has been acknowledged which the GST department urged to go through again […]

E-filing Process of Form 26Q via Gen TDS Software

Easy Guide to File Form 26Q via Gen TDS e-Filing Software

Gen TDS is a leading TDS filing software from SAG Infotech and has been giving complete TDS filing solutions to taxpayers and companies for more than a decade. The Gen TDS is also authorized by the government department on the TDS official portal and it has ranked top TDS filing solution in the FY 2012-13 […]

New Amendments GSTR 9 & GSTR 9C for FY 2020-21

List of Changes & Amendments in GSTR-9 & 9C Forms for FY 2020-21

The government used to provide the notifications for the information to furnish the yearly return in Form GSTR-9 and the settlement statement in Form GSTR-9C for FY 2020-21. So as to diminish the burden on the small assessee the government on 30/07/2021 has provided Central Tax GST Notification No. 29/2021, 30/2021 and 31/2021. From these […]

Every Detail of RoDTEP Scheme

All About RoDTEP Scheme with Features & Ineligible Supplies

The DGFT (Director General of Foreign Trade) provided the Notification No: 19/2015-20 on: 17.08.2021 and therefore assigned “the scheme guidelines for RoDTEP (Remission of Duties and Taxes on Exported Products)” An urged the RoDTEP advantages is lower as compared to the former MEIS (Merchandised Export Incentive Scheme) advantages that come to close in 31st Dec […]

ITC Mismatch GSTR 2A and GSTR 3B

Getting Intimations on GSTR 2A & GSTR 3B ITC Mismatch?

The goods and services tax till date needs rectification on a regular basis and the GST officials, GST council as well as GST department are always in a fix to make things work. Talking about a common problem in the GST related technical portal and working of the overall structure, there is the reconciliation and […]

45th GST Council Meeting

All Updates of 45th GST Council Meeting with New GST Rates

Nirmala Sitharaman finance minister has been chaired the 45th GST Council meeting at Lucknow city. The council members have discussed several issues such as states compensation and revision of GST rates on Covid essentials, petrol diesel GST applicability or not, and food delivery app applicability. The major discussion points for the council meeting are the […]

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