Annual Aggregate Turnover Annual Aggregate Turnover (AATO) refers to the total turnover of a business calculated for an entire financial year, from April 1st of one year to March 31st of the following year. Annual Aggregate Turnover It is a critical concept under the Goods and Services Tax (GST) regime and includes various components of … Read more
GST Invoice Management System GST Invoice Management System With the rollout of the Invoice Management System (IMS) on the GST portal, businesses are gaining more control over their invoice processing, helping them streamline compliance, reduce errors, and improve transparency. This guide covers all the essential aspects of IMS, particularly focusing on the Supplier View feature … Read more
Comprehensive Guide to Filing Form GST DRC 03A Comprehensive Guide to Filing Form GST DRC 03A In an important update for GST taxpayers, the Goods and Services Tax Network (GSTN) has introduced Form GST DRC-03A. This new form addresses issues arising from taxpayers mistakenly paying demand amounts using Form GST DRC-03 instead of the dedicated … Read more
New Advisory for e-Invoice Reporting on the IRP Portal New Advisory for e-Invoice Reporting on the IRP Portal In a significant move to streamline compliance and expand the e-Invoice reporting mandate, the GST Network (GSTN) has announced a new advisory that reduces the threshold for mandatory 30-day e-Invoice reporting. Effective from April 1, 2025, this … Read more
Understanding GST Rates on Common Hotel Services Understanding GST Rates on Common Hotel Services The hospitality industry offers a wide range of services, from room accommodations to catering and transport. Each of these services comes with specific GST (Goods and Services Tax) implications, which vary based on the type and nature of the service provided. … Read more
