Set up GST reference number groups.GST transactions are differentiated through a unique number sequence. If different number sequence is required for every warehouse or for the addresses of legal entities, you can create a reference number sequence group and assign it to the addresses. For more in...
Act & Rules Act & Rules (Multi-view) GST Rates HSN Classification GST Council Meetings GST Set-off Calculator ITC Reversal Calculator E-invoice Calculator Inverted Duty Calculator GSTR-3B Manual GSTR-9 Manual GSTR-9C Manual GST Forms
Since the final GST law is not yet enacted, and the rules yet to be framed, SAP has been releasing SAP notes based on the draft Model GST law SAP has already released Notes for DDIC changes, Screen Changes, Master Data and transaction data, and some other facets of GST. Businesses need...
New GST Appeal Process: Amendments to Rules 110, 111, and Introduction of Rule 113A GSTR 1A: Availability, Features, Filing Details, Amendments and ITC Now, let us look at GST due dates for September 2024. Here is a comprehensive image of our September GST Due Dates Calendar or GST Compl...
Some taxpayers have reported delays in registration despite successful Aadhar authentication by Rules 8 and 9 of the 2017 CGST Rules. For that reason, the CBIC has published an advisory. Read More 21st February 2024 GSTN published the advisory to improve initiatives & launch of enhanced official ...
However, under GST, the turnover limit has been lowered to Rs 20 lakh, thus increasing the tax burden for many manufacturing startups. This change has posed some challenges for startups, as they have to adjust to the new tax regime and comply with the GST rules and regulations. ...
Non-compliance of GST rules & provisions. When an individual does not commence the business within 6 months after taking voluntary GST registration. In such cases, GST officer has the authority to cancel GST registration. How to check GST cancellation?
If you want to capture the values of only the taxable items as a B2B invoice, as per GST rules record separate invoices for taxable items. Use separate invoices (bill of supply) for sales of exempt/nil rated items. 9. How do I pass multiple tax rates for multiple stock items in a ...
ITC set-off as per amended rules and sections. Keyboard friendly data preparation. 100% Accurate filing– Single click to auto-fill GSTR-3B with GSTR-1 & GSTR-2B data Claim 100% ITC– Check ITC as per GSTR-2B while preparing GSTR 3B ...
The term lease has not been defined anywhere in GST Act or Rules. To classify a lease transaction as either supply of goods or supply of service, we have to refer Schedule II of the CGST Act, 2017 where in clear guidelines for classification of a transaction as either “supply of goods”...