Compliance Calendar for the Month of June, 2022 Owning a Business comes with a lot of responsibilities and duties. As a law abide citizen one must follow the rules and regulations set out by the Government. In India, there are […]

CBIC issues SOP for GST Return Scrutiny, Parameters for GST Return Scrutiny laid by CBIC, and Timeline for GST Return Scrutiny For the Financial Year (FY) 2017-18 and 2018-19, the Central Board of Indirect Taxes and Customs (CBIC) has published […]

Compliance Calendar for the Month of May, 2022 Individuals or businesses, be it a small scale businesses or a business having its operations on a large scale, are bound to adhere to the tax and statutory compliance prevailing in India. […]

What is GSTR 2A and 2B? And Difference between GSTR 2A and GSTR 2B Introduction GSTR 2A and GSTR 2B, that are auto-populated returns, were recently implemented by the GST (Goods and Service Tax). We will look at the differences […]

A guide on What is GSTR 2B?, How to claim ITC in GSTR 2B? And Process to access GSTR 2B on GST Portal GSTR 2B is a new static month-by-month auto-drafted statement introduced on the GST (Goods and Service Tax) […]

Compliance Calendar for the Month of April, 2022 A new Financial Year 2022-23 has begun and being the first month of the new Financial Year, April 2022 is an important month if we look at it from the Tax Compliance […]

GST return Late fees and Interest rate charges on Late Filing of GST Return Late fees and interest are significant components of the Goods and Service Tax (GST) payment, and businesses must pay them if they fail to submit or […]

Government Launches a New scheme to facilitate small taxpayers- Quarterly Return filing & Monthly Payment of Taxes  (QRMP) The 42nd GST Council meeting decided that the taxpayers with less than Rs 5 crore annual turnover will not be required to file […]