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26 Important GST Tasks for FY 2021-22

Mandatory GST Compliance to be Completed for the AY 2022-23

Some important GST work would need to be done as the end of the financial year has been arrived which entails some essential ramifications. The GST chores to be completed have been classified as: A. Related to Tax Compliance  B. Related to GST Input Tax  C. Related to Reconciliation  D. Related to Law  A. Tax […]

Common GST Mistakes by Taxpayers

3 Ordinary GST Blunders: Aadhaar, Rule 86B, TDS/TCS Credit

“To err is human”. However, this is not the concern of the errors or mistakes in the GST. in this discussion we see some common mistakes done via assessee in GST. These glitches are normal and would be good if prevented.  Not Yet Done Aadhaar Card Authentication From 1st January 2022, Rule 10B has been […]

New GST E-invoicing Rule for Firms T.O. 20Cr

New Limit of GST Invoicing to Push 180k Firms into Compliance

The essential electronic invoicing of business to business B2B transactions towards the firms that have a turnover exceeding Rs 20 cr would raise the GST enrollment by 75%. The latest system which will be applicable from 1st April would add 180,000 GST identification numbers (GTINs) increasing from the current 240000 to nearly 420000. Beneath GST […]

India Govt New Plan Curb Fake GST Invoices

Finance Ministry Making Action Plan to Stop Fake GST Invoices

To stop the bogus invoice activities beneath the GST the finance ministry is recognizing additional measures. Tax officials had found nearly 60 fake companies just in the national capital region that is engaged in providing bogus invoices over Rs 800 cr. Under section 132 of CGST act 2017, the issuance of the invoice or bill […]

All About GST Electronic Ledgers Amendments

Section 49 Amendments on GST Electronic Ledgers in Budget 2022

The Union Budget for the Financial Year 2022-23 (‘the Budget’) was addressed in Lok Sabha by Hon’ble Finance Minister Nirmala Sitharaman dated 1st Feb 2022. After the pandemic, the importance of IT in India is been acknowledged this was the 2nd Union budget that was shown on the tablet and not the traditional Bhai Khata. […]

Key GST Proposals in Finance Bill 2022

Summary of 15 Key Proposals in 2022 Finance Bill for GST

The union budget 2022 has brought multiple proposals as well as amendments to the goods and services tax (GST) law and act. The Nirmala Sitharaman with his 4th union budget presentation made some GST proposals in the parliament in the Finance Bill 2022. Major Key Changes of GST in Finance Bill 2022 Let us check […]

Need Regular Reconciliation in GST 2022

Proper Reconciliation Mandatory for Running As Per GST 2022

Performing reconciliation is required before filing returns towards monthly, quarterly, or annual returns. It does not have any influence as to what methods or when the business executed a reconciliation. Thus now there is a right time to know and discuss the reconciliation task as the government makes important amendments to the GST law which […]

Process to Import Table 8A (GSTR 9) in GSTR 2A via Gen GST

How to Import GSTR 9 Table 8A in 2A/2B via Gen GST Software?

GSTR 9, based on Table 8A, is a significant section for the taxpayers in that it has auto-populated features along with the eligible ITC details concerned with the complete financial year from the relevant GSTR 2A/2B return. Also, note that the left-out section’s columns and fields in Table 8 are to be filled up with […]

Best GST Software for CA and Professionals

Best 19 GST Return Filing & Billing Software for CA Business

GST software is essential for government-mandated tax return filing for taxpayers and businesses. It offers a comprehensive solution for GST-related processes and compliance. In this post, we will explore the best 19 GST return filing and billing software for CAs, offered by various organizations. Indian Government GST Offline Utility This software for GST filing and […]

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