An e-invoice, also known as an electronic invoice, is a digital document that businesses exchange with each other and authenticate through the government tax portal. Let us learn the process and other crucial details regarding GST eInvoicing by Business. Why E-Invoicing Matters? E-invoicing streamlines the invoicing process, making it more efficient and less prone to … Read more
The introduction of e-Invoicing in India aimed to combat tax evasion by enabling real-time data access for tax authorities and verifying invoices through the Invoice Registration Portal prior to transactions. This system minimises the possibility of counterfeit invoices, ensuring that only legitimate Input Tax Credits can be requested by taxpayers. Thus, you must enable GST … Read more
GSTR-2A, is an automatically generated tax return for purchases, created by the GST site upon a vendor’s GSTR-1 submission. It is important for businesses to use GSTR-2A to claim input tax credit in GSTR-3B and GSTR-9 filings. So, learning about the process to view GSTR 2A on the GST Portal is crucial and we will … Read more
You will now get better security in the e-way bill and e-invoice system as the National Informatics Centre introduces Two-Factor Authentication (2FA). Beyond username and password, users now authenticate with a one-time password (OTP) for enhanced protection. Let’s learn all about two factor authentication for E-Way Bill and E-Invoice and an easy way to do … Read more
The Government’s GST composition scheme, aimed at easing the load on small taxpayers, had undergone a positive transformation. Initially designed for goods suppliers, the GST Composition Scheme benefits service providers as well. If you are a service provider, you must read this article to know all about the GST Composition Scheme for Service Providers. What … Read more
Form GSTR-9 is an annual return that all businesses having GST Registration must file. The due date for filing Form GSTR-9 is 31 December of the subsequent financial year. Learn all about the GSTR-9 which is one of the most crucial parts of the GST Return Filing process through this article. What is Form GSTR-9? … Read more
Failure to comply with GST rules can lead to the cancellation or suspension of a GST number. Therefore, Businesses cannot make any taxable supplies after the suspension of their GST Registration. In this article, you will discover how to fix your GST suspended problem. Stepwise Process to solve your GST Suspend Status Problem Businesses eligible … Read more
If the GST rules don’t apply to you or you’re closing your business or profession, or if the tax officer asks you to cancel, you can cancel your GST registration. Let’s learn the process to do GST Cancellation through this article. Steps to do GST Cancellation Online Step 1: Firstly, Log in to the GST … Read more
If you own a business in India, you probably know about the Goods and Services Tax (GST). It’s a kind of tax on goods you sell or services you provide. An HSN Code is a special kind of code that is assigned to each good so that the tax rates for that particular item can … Read more
GST Registration is done through GST Reg-01 Form. While filling this GST Reg-01 Form, you need to mention HSN Codes and SAC Codes. Here in this article, you will learn about How many HSN codes you can enter into the application form while submitting the GST Registration form. In addition, you will also understand the … Read more