The Goods and Services Tax (GST) regime has streamlined the taxation system in India, replacing the complex web of indirect taxes with a unified tax structure. One of the key aspects of GST compliance is the filing of GST returns, which includes GSTR-1 and GSTR-3B. In this comprehensive guide, we will explore the intricacies of
#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.
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.
