Discover key details about the Invoice Management System (IMS), including its benefits, functions, and impact on GSTR-2B and ITC claims.
Starting September 1, 2024, update bank details on GST portal to avoid filing issues. Learn about Rule 10A, its importance, and update process.
Learn what GSTR-1A is, who should file it, key features, and its impact on GSTR-2B and GSTR-3B. Understand the filing process and consequences of errors.
Learn about actionable claims under GST law, including definitions, types, examples, and tax implications as outlined by the Supreme Court and various legal cases.
Discover how ChatGPT can benefit chartered accountants in research, calculations, compliance, financial analysis, and client communication. Enhance your professional practice with AI assistance.
11 Important FAQs of Quarterly Return and Monthly Payment (‘QRMP’) Scheme w.e.f 1st January, 2021 With the coming of 1st day of any new month or the 1st day of the new quarter, GST Council is ready to come out with certain new changes. Whether it is 1st October 2019 (Changes in Section 36(4) , […]
What can businesses do to protect themselves? How, what and where to focus on after COVID 19 Introduction : The economic impact of the 2019-20 coronavirus pandemic in India has been hugely disruptive. World Bank and credit rating agencies have downgraded India’s growth for FY 2021 with the lowest figures India has seen in three […]
There is no provision in CGST Act 2017 indicating that GST search proceedings have to be carried out in presence of an Advocate and, thus, assessee’s request for same could not be allowed.
Due to Covid 19, many parties were not able to fulfill their commitments and obligation to attend the court, tribunals, etc to file their suits and appeals within the prescribed time lines as per the law. The law in this case is the ‘ ‘The law of limitation’. The Law of Limitation in India comprises […]
Penalties for Fake Invoices and False Entries – Section 122 (1A) of CGST Act 2017 ( W.E.F 1.04.2020) for certain offences. The Finance minister in her budget speech has announced certain new provision in GST . According to Clause 124 of the Finance Bill 2020 Extract from the Finance Bill, 2020– 124. In section 122 […]
