Advisory for Furnishing Bank Account Details Before Filing GSTR-1 Date: August 23rd, 2024 Advisory for Furnishing Bank Account Details Before Filing GSTR-1 In light of Notification No. 38/2023 – Central Tax, issued on August 4th, 2023, it is imperative for all taxpayers to understand the importance of furnishing valid bank account details on the GST … Read more
GSTR 10 Return Filing GSTR 10 Return Filing that registered taxable individuals must file when they choose to cancel their GST registration. When a taxable person opts for GST registration cancellation, they are required to submit a final return under GST law using the GSTR-10 form within a period of three months. This article provides … Read more
How to cancel gst registration online process How to cancel gst registration online process If you’re not subject to GST regulations, closing your business or profession, or if mandated by tax authorities, you can initiate the GST registration cancellation process. How to cancel gst registration online process This article provides an overview of different cancellation … Read more
Rs 5 crore are mandated to use e-invoicing Rs.5 crore are mandated to use e-invoicing The e-invoicing system, introduced under the GST law, has been phased in for certain taxpayers. The latest update, notified through Notification No. 10/2023–Central Tax, mandates e-invoicing for businesses with a turnover exceeding Rs. 5 crore, effective from August 1, 2023. … Read more
Generating Incorrect E-Invoice? Generating Incorrect E-Invoice? Penalties for failing to generate an e-invoice or generating an incorrect e-invoice under GST regulations can differ based on the specific country or region’s laws. Generating Incorrect E-Invoice? Typically, consequences for non-compliance with e-invoicing regulations may involve fines, penalties, and potentially criminal charges. In India, the penalties for … Read more
