GST Articles

4 Warnings in GSTR 3B w.e.f. Nov 2020 onwards, which can’t be ignored

CA Umesh Sharma 21 December 2020 at 16:44

In this article, Krishna and Arjun discuss four warnings in GSTR 3B w.e.f. November 2020 onwards, which the taxpayers can't afford to ignore and the solutions to the issues faced by taxpayers as a consequence of these warnings.

QRMP Scheme - A beneficial scheme for small and middle-level businesses and traders

Deepti Asawa 21 December 2020 at 09:57

This new Scheme will be effective from 01.01.2021. Further, in case the aggregate turnover exceeds 5 crore rupees during any quarter in the current financial year, the registered person shall not be eligible for the Scheme from the next quarter.

Auto Population of details in Form GSTR 3B from Form GSTR 1 and GSTR 2B

Rohit Kumar Singh 21 December 2020 at 09:56

A thorough reconciliation is required on a periodical basis (monthly or fortnightly) for eliminating any eligible credit being left out of a claim of excess ITC.

Comparison of GSTR-3B vs GSTR-1

shahyar husain 18 December 2020 at 14:42

It is very necessary to understand the difference between GSTR-3B and GSTR-1 for every tax payer to avoid any demand notice from the tax authorities or any othe..

GST Audit 19-20, & Lots of Issues

CA Umesh Sharma 14 December 2020 at 18:56

The facility to file an annual return in form GSTR-9 for FY 2019-20 is now available. The form is enabled for taxpayers whose table 8A computation has been completed.

Internal Audit in GST - GSTR-1, GSTR-3B, GSTR-2A, and More

Shweta 14 December 2020 at 12:06

The internal audit team is responsible for analyzing books of records against GST returns to identify and rectify any mismatch and ensure compliance with the GST laws.

GST Audit Turnover for FY 2018-19 - GSTR 9 and GSTR 9C

Babatax 10 December 2020 at 15:55

The due date of GSTR 9 and Form GSTR 9C for FY 2018-19 is 31st December 2020. One of the major issues is the GST Audit Turnover. For GST Audit, one must know whether GST Audit is mandatory for them or not.

FAQs - Unblocking of E-Way Bill Generation Facility

shahyar husain 10 December 2020 at 13:22

In this article, we discuss the steps for unblocking of E-Way Bill Generation Facility on the GST Portal, and some FAQs on the same.

FAQs on Unique Document Identification Number (UDIN)

Suhasini 09 December 2020 at 11:57

ICAI, on noticing about the fake certifications by Non-CAs which misled the authorities and stakeholders, pioneered in conceptualizing a unique concept which is called "Unique Document Identification Number (UDIN)".

FAQs on eligibility and applicability Quarterly Return and Monthly Payment Scheme under GST

CA. Heet Shah 07 December 2020 at 09:57

In this article, we discuss some of the important FAQs and their suggested solutions on eligibility and applicability of the Quarterly Return and Monthly Payment Scheme under GST.