As per Section 35 of the CGST Act, 2017, any person who is registered under GST needs to maintain records and accounts at his principal place of business. Moreover, it is prescribed that any entry made in records of accounts shall not be overwritten or erased. Now, the question arises what records and accounts need …
GST has untangled the web-like structure of indirect tax and returns that were prevalent pre-GST regime. Moreover, GST has also simplified the compliance procedure, one such example is GST offline tools. And, in this blog, we will how to download and install GST offline tools. What is GST Offline Tools? The GST Offline Tools is an offline utility that …
As we already know people are being bolted inside the house due to the second wave of COVID-19, new channels with vloggers are springing up on a quick note. So, in this blog, we will comprehend the impact of GST on YouTube income. When a YouTube Channel Starts Getting Revenue? YouTube is a platform owned by …
A digital signature certificate (DSC) is mandatory to file GST returns. Moreover, domestic and foreign companies including LLPs are required to e-sign the registration form using a digital signature certificate (DSC). And, for other entities including individuals, e-signing the GST return and registration form, using a digital signature certificate (DSC) is optional. What is Digital Signature Certificate …
Reconciliation between GSTR-2A and GSTR-3B is an important task that businesses should not miss as it ensures that a taxpayer can claim an accurate input tax credit (ITC). Moreover, GSTR-2A and GSTR-3B reconciliation help a taxpayer to reverse the excess ITC claimed by him/her. So in this blog, we will cover all the aspects related to GSTR-2A and GSTR-3B …
One of the primary things you do as an entrepreneur is picking a business name. Your business can either work under your legal name or a trade name. Moreover, every GST return form contains a different column of both trade name and legal name that needs to be furnished. So, in this blog, we have …
The full form of IGST is Integrated Goods and Service Tax and the act related to it is IGST Act 2017. As per the IGST Act, IGST will apply to all inter-state supply goods or/and services. What is IGST? IGST is a type of tax that is levied on the inter-state supply of any goods or services or …
An E-way bill is a mandatory document that needs to be generated for the movement of goods from one place to another. Generally, an e-way bill has to be mandatorily generated for consignments whose value exceeds INR 50,000. However, the validity of an e-way bill is totally dependent upon the distance of transportation. So, in this blog, we will discuss all the consequences of not generating an e-way bill. …
GST Compliance Rating is a process through which a taxpayer registered under GST is scored based on compliance performance. In addition, GST compliance rating will play a significant role in keeping a good relationship with the suppliers and vendors. What is GST Compliance Rating? GST Compliance rating is a system that rates all the registered taxable persons based on how …
