The GSTN has enabled the Aadhaar Authentication facility on the GST portal. Taxpayers are expected to complete the authentication process at the earliest to help the Government verify the identity of Taxpayers. When a Taxpayer logs into his/her/their GST account on the GST portal, the following message is displayed: As of now, the Taxpayers have … Read moreTaxpayers Exempted From Aadhaar Authentication Process
As part of the Central Government’s initiative to promote the idea of ‘Ease of doing Business’, a simplified registration process for new companies was introduced (SPICe+). SPICe+ is an integrated web e-form that covers services offered by three Central Government Ministries (Ministry of Corporate Affairs (MCA), the Department of Revenue in the Ministry of Finance, … Read moreINC35 AGILE-PRO
GSTR-1 is a summary of outward supplies and can be filed monthly/quarterly. This return essentially shows all of the sale/outward transactions carried out by a business. With the introduction of e-Invoicing, data sharing between the Government portals is enabled. In other words, the details that are submitted by the business/taxpayer to the Invoice Registration Portal … Read moreHow To Edit E-Invoice Data In GSTR-1?
Advance rulings can help taxpayers plan activities that attract GST before undertaking them. It brings clarity to the interpretation of the laws and accompanying rules. You can refer to this article for an overview of Advance Ruling under GST. In brief, the Advance Ruling is issued by the Authority of Advance Ruling (AAR), which is … Read moreHow To Get Advance Rulings On GST Portal?
As a one-time data collection activity, the Government has enabled the ‘Core Business’ feature on the GST portal. Taxpayers have to mandatorily update this information to navigate further on the portal. This feature is added to monitor the rising ITC related frauds and keep a check on the circulation of ITC within a company. In … Read moreCore Entity Feature On GST Portal
GST related frauds are on the rise. To ensure that you and your business are not at risk, it is imperative to verify your GST registered supplier/vendor/customer’s genuineness at the very beginning. The possibilities of mismatch in GSTIN details or irregular GST compliance history needs to be ruled out. To help you in these challenging … Read moreGST Analyst – Your Go-To Expert To Verify GSTIN Details
E-Invoicing was mandated in India for the first time on 1 October 2020. The first rollout was for businesses with an annual turnover of more than INR 500 crores. From 1 January 2021, businesses with an annual turnover of more than INR 100 crores had to implement the e-Invoicing mechanism. As per a recent Government … Read moreHow Will Recipients Receive E-Invoices From Their Suppliers?
Under GST, the supply and installation of Air Conditioners (AC) are usually considered as a bundled supply. Here, the principal supply is that of the goods, i.e., the air-conditioning unit. Installation services are supplementary to the main supply. The GST law has explicitly included Air Conditioners as a taxable supply. In this article, we will … Read moreGST On Air Conditioners