Managing GST compliance becomes easier when your sales data matches the e-Way Bills generated for the movement of goods. The Sales Register vs E-Way Bill Reconciliation feature helps businesses compare their sales register with e-Way Bill data to identify missing,…
Businesses, startups, professionals, and business owners often choose to buy cars for their businesses. But one query comes to mind after paying the GST for the vehicle – whether the GST paid on the vehicle can be claimed as Input Tax Credit (ITC)? The answer isn’t as simple…
In India, GST has become a standard operating procedure in business. Be it a small retailer, an e-commerce seller, manufacturer or a CA handling several clients, it is important to make sure that GST returns are correct and on time. Paper filing may cause…
One of the most important tasks of any business owner is definitely tax management. The paperwork, return filling and record keeping requirements may make tax compliance extremely difficult, particularly for small businesses. The government has set up simplified taxation provisions under the Goods…
Selecting the right GST filing frequency is more than a compliance decision. It directly affects your administrative workload, cash flow management, tax planning, vendor relationships, and overall business efficiency. GST provides a choice of monthly return or Quarterly Return Monthly…
1. Introduction of Annexure-B in Offline Utility for following categories Annexure-B is required to be furnished through an offline utility for the following refund categories: • Exports of Goods/Services without payment of tax (accumulated ITC) (excluding electricity) • Supplies made to SEZ Unit/SEZ Developer without…
Most businesses only start paying serious attention to GST interest and late fee calculations after seeing unexpected penalties appear during return filing, and by that point, the actual issue is usually no longer the formula itself but the entire compliance…
For small businesses in India, managing taxes can often feel confusing and time-consuming. Between invoices, return deadlines, and compliance rules, even a small mistake can lead to penalties. This is why understanding GST filing for small businesses is extremely important. GST filing is not…
With GST compliance becoming more structured and digitally monitored, the Government of India has made E-invoicing under GST mandatory for businesses with an annual turnover of ₹5 crores and above. The requirement currently applies to B2B transactions and exports, while B2C…
Who can file: The declaration can be filed by regular taxpayers or new GST registration applicants supplying hotel accommodation services who wish to declare their premises as “Specified Premises.” This facility is not available to composition taxpayers, TDS/TCS taxpayers, SEZ…