GRECS LOGIN
Featured Image

Why due date for filing quarterly GSTR-1 is changed

  • On October 23, 2020
Recently the government has issued a notification to change the due dates for filing of GSTR-1 for the quarterly filers. Earlier the due date to file GSTR-1 was 30th of next month after quarter-end. Now the due date for filing of GSTR-1 will be 13th of next month after quarter-end. Why this is a welcome […]
Read More
Featured Image

GST Department to share GST data with Income Tax Department

  • On October 10, 2020
In the month of July 2020, the CBDT and CBIC have entered into an MOU where CBIC will share the GSTR-2A data with the Income Tax Department. This is not a new thing in the tax regulatory system in India. In the time of service tax and excise duty, the Income Tax Department used to share the […]
Read More
Featured Image

How quarterly filing of GST Returns will impact MSMEs?

  • On October 9, 2020
The GST council in its 42nd meeting has proposed for quarterly filing of GSTR-3B and GSTR-1 for taxpayers with turnover up to Rs. Rs. 5 crores. Many are looking at this as a welcome step towards ease of compliance in GST. No doubt that this step certainly is a welcome step for easing the compliance […]
Read More
Featured Image

Using GSTR-2A Reconciliation as an Audit Tool

  • On October 7, 2020
Recently one of our clients shared a very interesting story. He got an assignment to complete the audit of a private limited company within a short period. He used Digitax G-RECS as an audit tool to finalise the audit within such specified period. Here it is how he has done it? The company had 80% […]
Read More
Featured Image

Why GSTR 2A is equal to form 26AS

  • On September 5, 2020
GSTR-2A is one of the most important innovations to track transactions of the taxpayers by the government. Recently the government has introduced 26AS in a new avatar. 26AS is now not only a tool to monitor your TDS but also an information tool for the government. You must have experienced how Income Tax and GST […]
Read More
Featured Image

All About Types of GST Returns

  • On April 24, 2020
In the last article, we learnt about what is GST return, the due dates of filing, late fee protocols along with the brief introduction of the types of returns. In this article we will learn about the various types of GST returns elaboratively. So, let’s get started and go at length with types of GST […]
Read More
Featured Image

Brief Introduction: GST Return, Types and Filing

  • On April 4, 2020
Goods and Services Tax is not a new concept, we already know a great deal about it. But there are still some key topics under GST which need our immediate attention. So, to help you in learning those we are here. In today’s blog, we will talk about GST Return, its types and how to […]
Read More
Featured Image

How GST department is monitoring your Tax Credit Claim?

  • On March 5, 2020
In this GST era, the input tax credit mechanism is such a powerful tool which is utilized by the government to keep watch on all kinds of transactions among the business concerns.  You must be thinking, how is this even possible because the money passes through so many direct-indirect channels so its quite tedious task […]
Read More