On 1st July 2021, our beloved and most controversial Goods and Service tax Act will be celebrating its 4th Birthday! The 3 Major Motive for introducing GST was One nation One Tax, Ease of compliances and Seamless Flow of credit to eliminate the cascading effect of the Taxes. But if we analyze, we can question that whether […]
GST – Applicability of HSN on introduction of GST- Initially when GST was introduced on 01.07.2017, it was made optional to mention on the tax invoice for the different categories of dealer.
Recently, one of the major changes implemented in the Income Tax system. Now in Form 26AS, the Turnover as per GSTR-3B will be reported. Now, let’s discuss the implication of the same by going through some logical sequence. JOURNEY OF GSTR – 3B Originally, GSTR-3B was introduced as temporary replacement of GSTR–3. It was not […]
In the recent times, the CGST Department has been aggressively issuing notices and advisory related to section 16(4) for late filing of GSTR 3B upto the March month of FY 2018-19, after due date of GSTR 3B of September Month. The Notice and advisory sent by the department is related to Reversing the ITC claimed […]
