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

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

GSTR 9 based table 8A is the significant section concerned 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 return. Also to note that the left out sections columns and fields in Table 8 are to fill up […]

GSTR 2B Tutorial of Gen GST Software

Complete GSTR 2B Form Working Process Via Gen GST Software

GSTR 2B is an alternative form for all the month-wise auto-drafted statements for the taxpayers having regularity. Also to check the QRMP scheme if opted or not. The GSTR 2B is a validation form to offer the ineligible and eligible input tax credit for every month just like the GSTR 2A form however being similar […]

Punjab & Haryana HC's Order for Subway

HC Extends Data Sharing Timeline to GST Authorities from Subway India (Read Order)

GST council asked the fast-food chain Subway for its franchisee chain in India, Punjab and Haryana high court to provide a final order held in favour of the fast-food chain that enables them to furnish the reply and make the submissions on law and advantages. The concern came to knowledge when the GST council summoned […]

GST Hike Pressure on Working Capital of MSMEs

Experts Warn Huge Stress on MSMEs Working Capital Due to GST Hike

The latest hike in the GST upon the finished goods like apparel, textiles, and footwear shall have a fiscal impact on the Micro, Small, and Medium Enterprises (MSMEs) which are present at a larger scale. GST rate on fabrics rises to 12% from 5% and on any type of apparel held with any value is […]

Main Difference Between New and Old Tax Regimes

Solved! Confusion Between Old or New Tax Regimes for ITR

This is the time of year when employees of many firms start receiving requests to share details of their tax-saving investments with their employers. However, before that, you have to choose whether you want to opt for the new tax regime or the old tax regime. Budget 2020 has come up with a new tax […]

12 Percent GST Rate on Fabrics, Apparel and Footwear

7% More GST Rate on Apparel, Fabrics & Footwear from Jan 2022

The Central Board of Indirect Taxes and Customs mentioned the rise in GST rate from 5 to 12 per cent on Fabrics, Apparel, and Footwear initiated from January 2022. The major thing under the urged rise is to rectify the issues of the inverted duty framework as being seen through the small textile value chain […]

Kerala GST Authority Guidelines on Data Analytics

State GST Dept Issues Systematic Guidelines on Risk Factors & Data Analytics

Upon the purpose of how the tax council is applying data analytics and technology, as focused from the rules that have been provided towards the investigation of GST returns in Kerala. Commissioner of the state GST has ordered to the tax council the risks involved and the hardships along with the process that was explained. […]

Compute Tax on Freelancing Income

Easy Tax Computation on Freelancing Income with Taxability

With the better feasibility despite the former jobholders seems to do the freelancing on the sideways in all the industries along with the sales, education, delivery, IT, and data processing. The supplemental income earned via independent work needs to be provided to the tax below the income tax act. Income Tax Return On Freelancing The […]

Maharashtra AAR Judgment for Tata Power

No GST Levy on Recovery Amount of Employee’s Insurance Premium Top-up

Maharashtra bench of GST authority for the advance rulings (AAR) ruled that the recovery of the amount for the top-up of medical insurance and the parental insurance premium via employees does not come beneath the supply and thus it is not entitled to GST. The AAR ruled that Tata Power seeking the ruling is not […]

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