GST Articles

Selection of Core Business Activity on GSTN Portal

Rohit Kumar Singh 09 March 2021 at 10:10

Taxpayers are required to select their business activity only once, as - Manufacturer, wholesaler/Distributor/Retailer, service providers & others post login, based on the highest turnover amongst them.

Compliance Calendar March 2021

MK GUPTA (Chartered Accountant 06 March 2021 at 16:09

March is a month of important compliances. In this article, we discuss all the compliances w.r.t Income Tax, GST, Companies Act and other laws.

QRMP Scheme - Should we adopt or not?

CA Sapna Ghelani 06 March 2021 at 09:59

There is a lot of confusion amongst people regarding whether to opt for QRMP or to continue with monthly returns. In this article, we will discuss the pros and cons of the scheme and whether you should opt for it or not.

Reversal of ITC or Payment of additional Tax - Form GST DRC 03

CA Sujeet Kumar 03 March 2021 at 09:57

DRC- 03 is used for both purposes i.e. either for reversing the input tax credit or payment of the additional tax, as shown in the annual return.

GSTR 2B/2A Matching Excel Utility V.1 (AI Version)

Madhan 02 March 2021 at 09:51

Here We Introduce “GSTR 2B Matching Utility (AI Version)” To Match Your ITC Data With GSTR 2B/2A Data. This Matching Utility Works By VBA Coding Method Instead Of Excel Formulas Which Is Make Perfect & Quick Reconciliation.

Compliance Calendar for the Month of March 2021

Ishita Ramani 01 March 2021 at 15:19

Discussing various compliance requirements that a taxpayer has to adhere to, w.r.t Income Tax, GST and ROC for the month of March 2021, in order to avoid any interest or late fee.

Due Date Compliance Calendar - March 2021

CA Sapna Ghelani 27 February 2021 at 09:45

In this article, we will discuss the important due dates that lie in the month of March 2021 so that you don't miss out on anything w.r.t Income Tax, GST, Corporate Law etc.

Common GST Filing Errors You Can Prevent Using GST Billing Software

Akanksha Bhargava 26 February 2021 at 18:22

Discussing common billing and GST filing mistakes that frequently occur in managing a business, together with discussing why businesspersons should choose GST billing software to avoid the same.

Clarification regarding applicability of Dynamic QR Code on B2C invoices and compliance of Notification 14/2020- CT dated 21st March 2020

Kusum Gandhi 26 February 2021 at 10:01

CBIC issued Circular No.146/02/2021-GST on dt 23-02-2021 regarding the applicability of Dynamic QR Code on B2C invoices and compliance of N.No.14/2020 - CT dated 21-03-2020.

Whether tax paid on intra-state inward supply in one state can be used to pay output tax liability in another state

CA Amit Harkhani 25 February 2021 at 09:58

A combined reading of Section 16(1) of CGST Act, 2017 and definitions it is concluded that registered persons can avail ITC (IGST & CGST & SGST) u/s 16(1) of CGST Act, 2017 and not separately under respective Acts.