GST Compliance Rating

GST Compliance Rating

With the introduction of the Goods And Service Tax in India, a lot of new changes have taken place. In as much as there are some few negatives ones, the majority of changes are positive and ideal for many businesses. The introduction of GST can be considered as India’s biggest and best tax reform of…

GSTR-2 Return Filing

Understanding GSTR-2

Goods And Services Tax, whether you like it or not, is a structured approach in detailing the transactions that happen in India and further, reporting them on a line item basis. There are supposedly 8.4 million assessees registered with GST, 6.2 million are already registered in the GST portal. These assessees are expected to file…

Credit Notes & Debit Notes

Credit Notes & Debit notes Under GST

There comes a time when humans err in making an entry or a transaction. These cases often lead to anomalies and a further reconciliation is required between the interacting parties to make correct, such anomalies. This can happen due to a machine malfunction as well. Such an erroneous situation leads to the creation of what…

GSTR-1 Return Filing

Understanding GSTR-1

GST has rolled out and paved the way for a uniform and systematic reporting system that is seldom found anywhere else. This transaction-wise, destination-based reporting system provides for a much effective credit flow, removes chances of corruption and illegal transactions. To achieve this, the government has come up with an effective form-based reporting system that…