Compliance Calendar for the month of February 2023  Starting, owning, or doing a business in India comes with important compliance that a business, irrespective of its structure, has to adhere to during a financial year. Be it filing of Income […]

Form GST REG-21 – Restoration of Cancelled GST Registration Introduction Restoration of a cancelled GST registration is possible if you file the Restoration within the prescribed time frame; otherwise, you will be unable to revoke it. You must file a […]

GST Compliance for Small Businesses: How can small businesses deal with GST Compliance? Introduction Small and medium-sized businesses are regarded as the Indian economy’s backbone, contributing significantly to export, GDP, job creation, and inclusive growth. They may believe that the […]

SAC Code and GST Rate on Legal, Accounting and Professional Services – All you need to know Introduction The GST Council established the GST rate for legal, accounting, and professional services. Services are subject to  5%, 12%, 18%, or 28% GST […]

GST TRAN 1 and TRAN 2: What is it, How to file and essential points to keep in mind Introduction To help businesses transition smoothly and carry forward their input tax credit, the CBEC has released Form TRAN 1 and […]

What is GST Return? And Mistakes to avoid while filing GSTR  Introduction Taxpayers must be extremely cautious when filing a GST return in order to avoid the inconvenience of unnecessary reconciliation. So, let’s take a look at some of the […]

What is GST Audit and How it is done? Introduction According to Section 35 (5) of the CGST Act, registered taxpayers in India with an aggregate turnover of more than 2 crores in a financial year must have their accounts […]

Compliance Calendar for the Month of January 2023 – GST Returns and ITR Due Dates   Starting, owning, or operating a business in India entails significant compliance that all businesses, regardless of structure, must adhere to during a financial year. Statutory […]

How to check GST Number?, GST Number Format and Importance of GST Number Verification Introduction A GST Registration Number will be issued to every tax payer who has registered for GST. Each GST registration number is distinct from the others. […]