The Ultimate Guide to Maximising GST Compliance and ITC Claims and Reconciliation with ExpressGST" is an apt and comprehensive title. It effectively captures the essence of the document by highlighting its focus on enhancing Goods and Services Tax (GST) compliance, maximizing Input Tax Credit (ITC) claims, and utilizing the ExpressGST software for efficient reconciliation processes.
The common reason for receiving a notice from the GST department is defaults committed on the taxpayer's part, including no GST registration made even when the law requires, delayed or no GST returns filed, excess claim of Input Tax Credit (ITC), unpaid GST, short GST payment, etc.
#EXPRESSGST gives detailed comparison of GSTR 1 v/s Book in simplest manner. Along with difference summary it also gives details tax head wise comparison report of GSTR 1 v/s Books v/s 3B. It helps us to find the difference in particular tax head viz, IGST, CGST, SGST
GSTR-1 Reco, short for GSTR-1 Annual Reconciliation, is a crucial process in the realm of Goods and Services Tax (GST) compliance. It involves the systematic comparison of two sets of data: the information submitted in your GSTR-1 return on the GST portal and the records kept in your books of accounts, particularly the sales register.
Watch on YouTube: Click Here GSTR-9 / 9C filing software GSTR-9 / 9C for FY 2022-23 is now LIVE #ExpressGST Try now! https://www.expressgst.com/
India's leading GST software, Express GST, comprises various advantages. It enables the tax practitioners to view historical to latest notice/orders replies with an export also; 2A/2B emails send to all clients automatically; comparison of GSTR1/3B & Books; Checking GST refund and tracking status;
ऑल इंडिया फेडरेशन ऑफ टैक्स प्रेक्टिशनर्स ने एआईएफटीपी कन्वेंशन 2022 का आयोजन किया। एआईएफटीपी कन्वेंशन के तहत भारतीय सदस्यों ने कानून और कर विशेषज्ञों द्वारा दिए गए नॉलेज सेशंस में भाग लिया।
A taxpayer is not permitted to file GSTR-1 under section 37(4) of the CGST Act if a previous GSTR-1 has not been submitted, and under section 39(10), a taxpayer is not permitted to submit GSTR-3B if a GSTR-1 for the same tax period has not been submitted on the due date.
he deadline for reporting quarterly Goods and Services Tax returns (GSTR)-1 is July 31. There are numerous types of GST returns, and as a registered business owner or self-employed professional subject to GST, you must remember the dates for each. Continue reading to find out more.
Finance Act, 2022 introduced various amendments under GST Law.An effect from 1st October 2022, the following amendments are made applicable. A brief summary of relevant changes/relaxations ITC Restriction – Amendment of section 16: A new sub-section has been inserted i.e. Section 16(2)(ba) to restrict the ITC to the extent available in lines with Section 38