Every decision related to eminent in GST compliance starts with understanding the Aggregate Turnover in GST. It decides whether a business should be registered or not, it will qualify for…
GST Compliance does not end with the submission of returns. Tax authorities take an active interest in doing a data audit to check correctness and tax-discipline. The section 61 of…
The GST exemption limit determines whether a business should register for GST or not and if the business is allowed to carry out the business without tax charges. This limit…
A receipt of demand of GST can put pressure immediately on any business owner or finance team. When DRC 07 in GST is shown in the portal, it means the…
GST registration begins with a Temporary Reference Number. This number takes applicants through the beginning registration process. The TRN in GST Data entry, document uploading, OTP validation before final submission.…
Input tax credit is a fundamental benefit which operates as blocked credit under GST but there are certain restrictions to preserve the revenue and to prevent its misuse. Understanding blocked…
The section 17(5) of the CGST Act has a decisive role when it comes to understanding the applicability of input tax credit, i.e. whether it can be claimed or blocked.…
The DRC 01 in GST is an official notice issued by the tax authorities to the taxpayers in case any discrepancy is noticed in the GST filed, payment, or return.…
The EVC in GST is a common practice for conducting authentication for filling returns, submitting applications, and making compliance on the GST portal. Traders, MSMEs, startups and service providers have…
Receiving an SCN in GST may disturb any Indian business owner. A Show Cause Notice is not a regular intimation. It is a formal legal step in which the tax…
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