gst return filing in chennai

Difference Between ASMT-10 and DRC-01 under GST – Know about this for correct compliance

General, GST, GST Consultants in Chennai, GST return filing /

Difference Between ASMT-10 and DRC-01 under GST In the Goods and Services Tax (GST) system, the government follows a structured process to ensure that taxpayers comply with their obligations. Two important notices that taxpayers may receive during this process are ASMT-10 and DRC-01. Though both notices are linked to discrepancies in tax filings, they serve […]

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GST E-Way Bill: 15 Essential Precautions to Avoid Costly Mistakes

GST E-Way Bill: 15 Essential Precautions to Avoid Costly Mistakes

General, GST, GST Consultants in Chennai, GST return filing /

GST E-Way Bill: 15 Essential Precautions to Avoid Costly Mistakes Introduction The Goods and Services Tax (GST) E-Way Bill system is an essential part of transporting goods across India. It ensures that goods in transit comply with the GST laws and helps prevent tax evasion. However, generating an E-Way Bill correctly is crucial to avoid

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GST on Reverse Charge Mechanism (RCM) for Security Services

Understanding GST on Reverse Charge Mechanism (RCM) for Security Services as per Notification No 29/2018- Central Tax (Rate) dated 31-12-2018

2 Comments / General, GST, GST Consultants in Chennai, GST return filing /

Understanding GST on Reverse Charge Mechanism (RCM) for Security Services The implementation of the Goods and Services Tax (GST) in India brought significant changes to the taxation system. One such change is the Reverse Charge Mechanism (RCM), which shifts the responsibility of tax payment from the supplier to the recipient. In this article, we will

Understanding GST on Reverse Charge Mechanism (RCM) for Security Services as per Notification No 29/2018- Central Tax (Rate) dated 31-12-2018 Read More »

GST input tax credit

Unlocking the Secrets of GST Input Tax Credit: How to Optimize Your Claims and get maximum benefit in 2023.

Leave a Comment / GST, GST Consultants in Chennai, GST return filing /

Understanding GST Input Tax Credit: How to Optimize Your Claims The Goods and Services Tax (GST) has revolutionized the Indian taxation system, bringing about a unified tax structure across the country. Under the GST regime, businesses can claim Input Tax Credit (ITC) to offset the taxes paid on inputs against the output tax liability. This

Unlocking the Secrets of GST Input Tax Credit: How to Optimize Your Claims and get maximum benefit in 2023. Read More »

Missed filing GST Returns or your GST Registration is cancelled? GST Amnesty scheme can give you some relief… Read how…

Leave a Comment / GST, GST Consultants in Chennai, GST return filing /

Filing of GST Returns on due dates is very important in GST regime which not only ensures seamless flow of Input tax credits but also to keep the GST Registration active. Due to various reasons, if you have not filed your GST returns for any months between July 2017 to April 2021, here is an

Missed filing GST Returns or your GST Registration is cancelled? GST Amnesty scheme can give you some relief… Read how… Read More »

GST Registration Chennai

Input Tax Credit (ITC) Reversal for Non Payment to your suppliers

2 Comments / Chartered accountant in Chennai, GST, GST Consultants in Chennai, GST return filing /

As per Section 16(2) Second & Third Proviso of CGST Act,2017 , if a Tax payer fails to pay the supplier of goods or services or both, within 180 days from the date of Invoice, the amount equivalent to the Input tax Credit (ITC) availed by the recipient shall be added to the output liability

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Delinking of Credit Note/Debit Note from invoice, while reporting them in Form GSTR 1/GSTR 6 or filing Refund

GST /

Till now, original invoice number was mandatorily required to be quoted by the taxpayers, while reporting a Credit Note or Debit Note in Form GSTR-1 or Form GSTR-6. The taxpayers have now been provided with a facility on the GST Portal to: Report in their Form GSTR-1 or in Form GSTR-6, single credit note or

Delinking of Credit Note/Debit Note from invoice, while reporting them in Form GSTR 1/GSTR 6 or filing Refund Read More »

Statutory Obligations for the month of March 2020

Company Law, GST, Income-tax /

Compliance Under Compliance Due date Income-tax Act, 1961 Deposit of Tax Deducted/Collected (TDS/TCS) 7th March 2020 GST Return for TDS under GST 10th March 2020 GST Return for Outward Supplies of Taxable Goods and/or Services 11th March 2020 Income-tax Act,1961 Advance Income Tax – Final Instalment for all Assessees 15th March 2020 Provident Fund Deposit

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