New releases on GST Portal – GST.GOV.IN New functionalities /enhancements deployed on GST portal recently is given below: (A) Assessment and Adjudication: (i) Rectification of mistake in the order by the Adjudicating Authority: Errors or mistakes apparent on the face of record can be rectified by the Adjudicating Authority, on basis of suo-moto rectification or […]
Category Archives: Goods and services Tax
Master your business financials with our definitive guides, updates, and compliance resources on the Goods and Services Tax (GST). Navigating modern taxation can be challenging, but our clear breakdowns help business owners, freelancers, and accounting professionals stay ahead of regulatory changes while optimizing their tax positions.
Why GST Compliance Matters
Understanding GST is critical for legal compliance, seamless input tax credit processing, and avoiding costly penalties. Staying informed ensures your pricing strategies remain competitive and your cash flow stays healthy in a fast-evolving regulatory landscape.
What You Will Find Here
- Compliance & Filing: Step-by-step navigation for monthly, quarterly, and annual tax returns.
- Input Tax Credit (ITC): Strategies to maximize claims and recover tax paid on business inputs.
- Regulatory Updates: Real-time analysis of changing rate slabs, legal amendments, and notifications.
- Invoicing & E-Way Bills: Practical templates and workflows for generating flawless, compliant documentation.
how to file GST returns, input tax credit rules, GST rate slab updates, tax planning and invoicing.Goods and Services Tax on income earned by Bloggers As already discussed in previous article (GST Applicability of income Received from Google Adsense) YouTubers or bloggers don’t need to register themselves if their aggregate turnover is less than the prescribed limit which is 20 lacs for normal state and 10 lacs for special category states […]
GST Applicability of income Received from Google Adsense After implementation of GST, there are still many areas which are not clear. out of them, one is the income earned by a YouTuber. With data costs so cheaper and the emergence of the 4G network, it has become much easier for the people to make and […]
GSTR 9 and 9C – GST Annual Return and Reconciliation I. Introduction Annual Return in FORM GSTR-9 and Reconciliation Statement in FORM GSTR-9C requires a registered person to disclose the Financial Year for which the said Forms are being filed. The concept of Financial Year although integral to Goods and Services Tax has not been […]
How to Reconciliation GST data? Matching the data filed by the supplier with the recipients and recording all the transactions that have taken place during that period is Reconciliation GST . This Reconciliation process ensures that no sales or purchases are being left or mistakenly shown in the GST returns.