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 […]

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 […]

Measures and Reliefs announced by Finance Minister amid COVID-19 Outbreak

On March 27, 2020

After the lock down of the whole nation to fight COVID-19 pandemic, the government has decided to counter the outbreak by giving economic and GST reliefs to the common mass. Finance Minister Miss Nirmala Sitharaman announced certain measures and reliefs for the taxpayers. Below are several relief measures relating to Statutory and Regulatory compliance matters […]

Key Outcomes – 3rd National GST Conference

On March 12, 2020

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 […]

Detailed Concept Paper on Faceless E-Assessment issued by CBIC requesting suggestions from stakeholders

On February 20, 2020

With the ever-advancing technologies and the need to make the complex outdated procedures simple, the Central Board of Indirect Taxes and Customs (CBIC) is taking new measures. A detailed concept paper on Faceless E-Assessment has been issued by CBIC and it has even asked for suggestions from the stakeholders which need to be submitted by […]

Advisory for Opting in for Composition – Filing of Form GST-CMP-02 for the Financial Year 2020-21 w.e.f. 1st April 2020

On February 19, 2020

To help you with the filing of form GST-CMP-02 for the Financial Year 2020-21, here we are we the advisory for opting in for composition. all this filing in the process will come into effect from 1st April 2020. Let’s not waste another minute and get started with it. Who all can opt-in for Composition: […]

Difference between auto-populated data of GSTR-2A shown in GST Login: A Case Study

On February 4, 2020

GST is changing every day and to make it more simple new changes are being introduced to make it more viable and feasible. Let’s have a look at why there is a difference between auto-populated data of GSTR-2A shown in GST login through a case study to make it more easy to understand. Nowadays, the […]

Union Budget 2020 Expectations: GST

On January 27, 2020

Everyone is busy with financial planning for the year 2020 and the Finance Ministry is busy with the planning of the upcoming Budget 2020. The union budget for the fiscal year 2020-21 is scheduled on 1st February 2020 and Sitharaman is all set to present her second budget as a Finance Minister. There are many things on […]

Brief Introduction: What is GSTR 2A?

On December 28, 2019

GST has been keeping people on toes since its implementation. One needs to learn a lot in order to file tax returns and that too monthly. It sure does sound very complicated but if one starts understanding the basics, there is not an easier thing other than this. Let’s start with the basic GSTR 2A […]