GST Blog – 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 […]

Brief Introduction: GST Return, Types and Filing

Posted by Amit Mundhra
On April 4, 2020
0 Comments
All about GST, GST, GST Blog, GST News, GST Offences and Penalties, GST Regulation, GST Updates

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

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 […]

Critical Role of CFOs and Tax Heads in claiming GST Input Tax Credit (ITC)

Posted by Amit Mundhra
On March 17, 2020
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Automated Software, GRECS, GST Blog, GST Reconciliation, GST Updates, GSTR 2A, Input Tax credit, ITC Matching, ITC Reconciliation

The department of Revenue is monitoring the GST data meticulously with the help of data analytics and extensive use of technology. To detect and curb Input Tax Credit (ITC), authorities are keeping a constant eye on the returns filed by the business organisation. Tax Department is also using artificial intelligence for timely compliances. To have […]

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
96 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 […]

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

Posted by Amit Mundhra
On February 4, 2020
0 Comments
A case study, All about GST, Auto-populated data, Avail ITC, Claim ITC, Differences, Goods and Services, GST, GST Blog, GST Login, GST Updates, GSTR 2A, Input Tax credit, ITC, Reconciliation

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 […]

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