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Know All About GST E-Invoice: Its Technical Aspects & Benefits, Effects

Know All About GST E-Invoice: Its Technical Aspects & Benefits, Effects

GST BFSI
August 25, 2021 177 1

  E-invoice became available as an option from January 2020. But from April 2020, it became mandatory for all taxpayers. Now, as it has been implemented for all of us, we should now use it in the right way in business. The...


E-Invoicing – India’s road ahead for digital transformation and tax automation

E-Invoicing – India’s road ahead for digital transformation and tax automation

GST BFSI
October 7, 2020 177 0

After quite a few delays and disruptions, e-invoicing is all set to roll out in the Indian indirect tax system starting October 1, 2020. While e-invoicing is new to India, it has been long implemented and commonly practised amidst...


Violations that can cancel your GST registration

Violations that can cancel your GST registration

GST BFSI
September 19, 2020 1105 0

While the Centre has announced a number of relief measures for businesses in India during this lockdown, tax paying businesses will need to be prepared for a number of changes under the Goods and Services framework once normalcy r...


Three years of GST: Past, Present and Future

Three years of GST: Past, Present and Future

GST BFSI
September 17, 2020 641 0

Three years ago, the indirect tax system in India went through a massive change and taxpayers across the country were introduced to a consumption-based indirect tax, the Goods and Services Tax. Known as India’s most significant ...


Why are expired e-way bills such a big deal?

Why are expired e-way bills such a big deal?

GST BFSI
September 16, 2020 123 0

When the Centre implemented a nationwide lockdown two months ago, close to 20% of the 75 lakh commercial vehicles that ply across the country were stranded on national highways with consignments worth thousands of crores. These tr...


The battle of state GST compensation

The battle of state GST compensation

GST BFSI
September 15, 2020 138 0

India has been battling with a global pandemic and as each day witnesses a surge in the number of COVID-19 positive cases (closing on 12 lakh any day now), there are several other burning issues in the country and one of them is f...


GST benefits for SMEs

GST benefits for SMEs

GST BFSI
September 11, 2020 191 0

Since its implementation in July 2017, the Goods and Services Tax has been crowned as the tax reform that revolutionized India’s indirect tax system. Yet it has been under tight scrutiny and has been a constant subject of criticis...


How to file GST PMT 09?

How to file GST PMT 09?

GST BFSI
September 8, 2020 167 0

The Central Board of Indirect Tax and Customs (CBIC) recently introduced the PMT 09 form with a view to facilitate the transfer of cash from one head to another head of the electronic cash ledger. Using this form, taxpayers will b...


Blog

41st GST Council Meet Highlights

GST BFSI Current Issues
September 8, 2020 305 0

The Goods and Services Tax Council met today in their 41st GST council meeting to discuss the GST compensation to states for the shortfall in revenue collections. This meeting was led by Union Corporate Affairs and Finance Ministe...


Blog

New GST registration functionality for corporate debtors

BFSI GST
September 8, 2020 476 0

In a significant move that will benefit taxpayers who fall under the category of Corporate Debtor as per provisions under the Insolvency and Bankruptcy Code, a new registration functionality has been enabled on the Goods and Servi...


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