GST Act – ITC Reconciliation, GSTR 2A Reconciliation

All About Types of GST Returns

Posted by Amit Mundhra
On April 24, 2020
0 Comments
GST, GST Act, GST Blog, GST News, GST Offences, GSTNews, GSTR 2A

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 […]

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

Posted by Amit Mundhra
On March 27, 2020
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All about GST, Appeals, Goods and Services, GST, GST Act, GST Blog, GST Updates, GSTNews, Measures and Reliefs

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

Posted by Amit Mundhra
On March 12, 2020
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All about GST, Goods and Services, GST, GST Act, GST Blog, GST Regulation, GST Updates, GSTNews, Input Tax credit, ITC, Utilization of ITC

[vc_row][vc_column][vc_column_text] On March 6, 2020, the 3rd National GST Conference of Commissioners of State Tax and Zonal Chief Commissioners of Central Tax was held at Vigyan Bhavan, New Delhi under the chairmanship of Union Finance Secretary, Dr Ajay Bhushan Pandey. Hon’ble Union Finance Minister, Smt. Nirmala Sitharaman also joined the Conference and intensively discussed the […]

How GST department is monitoring your Tax Credit Claim?

Posted by Amit Mundhra
On March 5, 2020
160 Comments
All about GST, Goods and Services, GST, GST Act, GST Blog, GSTNews, GSTR 2A, Input Tax credit, Reconciliation

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

Posted by Amit Mundhra
On February 20, 2020
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All about GST, Goods and Services, GST Act, GST Blog

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

Posted by Amit Mundhra
On February 19, 2020
0 Comments
All about GST, GST, GST Act, GST Blog, GST Regulation, GST Updates, GSTNews, Taxation

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: […]

Benefits of Goods and Services Tax

Posted by Amit Mundhra
On February 15, 2020
0 Comments
GST, GST Act, GST Blog, GST News, GST Offences, GST Regulation

Since, its conception in 2017, Goods and Services Tax has been the topic of debate for many. Some criticise it, some blame it for the low GDP rate, some are still sceptical of its usage and some are neutral. So, here we are to talk about its benefits, yes you read it right, there are […]

Union Budget 2020 Expectations: GST

Posted by Amit Mundhra
On January 27, 2020
0 Comments
All about GST, automobile, Budget 2020, Budget Expectations 2020, Budget:GST, Goods and Services, GST, GST Act, GST Blog, GST Regulation, GSTNews, Individuals, LLPs, MSMEs, Partnerships, Saving, Tax rate cuts, Taxation

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 […]

ITC: Conditions To Claim Input Tax Credit under GST

Posted by Amit Mundhra
On January 18, 2020
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Avail ITC, Claim ITC, Conditions, Goods and Services, GST, GST Act, GST Blog, GST Regulation, GST Updates, ITC, Purchase Register, Suplier

Input Tax for a taxable person is the Goods and Services Tax levied on him/her for the supply of goods or services to him/her, which are used or are intended to be used, for the development of his business. ITC under GST is the most critical activity as well as a matter of concern for […]

New Changes in New Year Under GST

Posted by Amit Mundhra
On January 10, 2020
0 Comments
GST, GST Act, GST Blog, GST Updates, GSTNews, GSTR 1, GSTR 2A, Input Tax credit, ITC, Reconciliation

The New Year isn’t only meant for philosophical, physical and emotional resolutions but also demands new financial resolutions to relieve the stress on your pocket. To help you plan this, we bring you the new changes done under the GST. Be a good taxpayer and consider these changes to plan 2020 financially. Here are the […]

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