GST

All about Invoice Registration Portal (IRP) under GST

Invoice Registration Portal or IRP such as NIC will begin operating from January 2020 to provide e-invoice validation facility to taxpayers.

How to Claim Online Refund of ITC Accumulated Due to Inverted Tax Structure

The taxpayer can claim accumulated ITC due to the inverted tax structure. Here is the guide explaining step by step on how to file GST RFD-01.

All about Invoice Reference Number (IRN)

IRN is a unique code that validates an e-invoice and is generated through IRP or self by using the hash algorithm. GSTN will monitor the usage of IRN.

E-Invoice Format, JSON File, Schema & Template

GSTN released latest e-invoice format along with the template. Know about the contents of e-invoice, JSON file, optional and mandatory fields in the schema.

Form GSTR-9 Simplified: List of Changes Made As Per CBIC Notification dt. 14-11-2019

Form GSTR-9 Simplified: Due Dates Extended to December 31 - The CBIC has issued a notification simplifying Form GSTR-9 and 9C, making various fields optional. Here is a list of the important chang...

How to Track GST Refund Status Online

GST Refund Status Online - After filing a GST refund application, here's how you can track the refund status pre and post-login to the GST account and update the bank account details.

FORM GST DRC-01A: Intimation of Tax Ascertained Payable

The proper officer will hereafter need to communicate details of tax, interest and penalty payable under sec.73 or 74 in Form GST DRC-01A.

ITC Reversal under GST

The Input Tax Credit (ITC) is to be reversed under various scenarios. The rules have been notified under the Act and know how to calculate ITC reversal.

Credit note Debit note Reporting under New GST Returns

Credit note & debit note in the new GST returns will have some changes in the way it was reported in GSTR-1 and GSTR-3B. Learn about the differences with example.

New MSME Act and its Effect on the Payment Cycle Under the New GST Returns

MSMED Act fixes a maximum credit period to pay MSME vendors. New GST returns allows small taxpayers to upload invoices by 11th of the month after quarter.

Forms under New GST Returns for claiming refund on Exports

GST Refund process for Exports of both goods & services will become better and seamless under New GST returns system. Know the forms, procedure and impact.

Amendments made in Credit notes, and Debit notes

Credit Notes, and Debit Notes require amendments or revisions too. The article will help understand how to make amendments to a Credit note or Debit note and report them in GSTR-1.

Issues in the New GST Return System

There are several challenges in the implementation of the new GST return system. The taxpayer has to use the latest technologies to overcome those issues.

E-Invoicing FAQs – Frequently Asked Questions

The GST Council approved the introduction of e-Invoicing from 1st Jan, 2020 on a voluntary basis. Here are some (FAQs) Frequently Asked Questions on the e-Invoicing system under GST.

How to Calculate 20% Provisional ITC in FORM GSTR-3B as per the New CGST Rule

CBIC notified an important rule on GSTR-3B - Provisional ITC will hereafter be allowed only to the extent of 20% of eligible ITC reflected in the GSTR-2A.

Comparison Between the Old & New GST Return System – Miscellaneous

New GST returns have brought changes to the reporting of various particulars like using HSN codes, TDS, TCS for e-commerce operators and Advances received.

Comparison between Old and New GST returns – Refunds

Comparison of new GST returns with old/present returns for various refund types under GST. Know more about the reporting requirements under new GST returns

Comparison Between the Old & New GST Return System – Supplies from Special Economic Zo...

Compare between the old and new GST return system to know about changes in reporting of Supplies from Special Economic Zone (SEZ)

GSTR-9C – Frequently Asked Questions (FAQs)

Here are the FAQs on Form GSTR-9C. Form GSTR-9C is a reconciliation statement to be filed by taxpayers whose turnover exceeds Rs.2 crore in a FY.

Comparison Between the Old & New GST Return System – Supplies Under Reverse Charge Mec...

Reverse Charge Mechanism (RCM) comparison between old and new GST returns filing system, there are some changes in reporting supplies under reverse charge mechanism (RCM).

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