From Nov 1, 2024, sequential filing is mandatory for GSTR-7. Previous returns must be filed first to avoid system blocks and penalties.
CGST Section 74A streamlines tax liability, superseding parts of Sections 73 and 74. It standardizes penalties and notices regardless of fraudulent intent.
Learn about CGST Rule 88B interest calculations for late GST payments and new relief measures proposed by the 53rd GST Council.
Section 74 of the CGST Act addresses tax evasion and fraud penalties. Discover time limits, notices, and recent updates from the 53rd GST Council.
Explore the impact of GST on Indian business sectors like manufacturing and retail, covering operational benefits and compliance challenges.
Launched Oct 1, 2024, the GST Invoice Management System (IMS) streamlines reconciliation and ITC claims by allowing action on GSTR-2B invoices.
Master CGST Section 31 tax invoice rules, timelines, and exemptions. Ensure compliance to claim Input Tax Credit and avoid penalties.
Master GSTR-9 filing with this guide on mandatory and optional sections. Ensure accurate reconciliation and avoid penalties with proper disclosure.
India’s GST has stabilized state revenues after initial challenges, ensuring long-term growth and a wider tax base through improved compliance.
Find applicable HSN codes and GST rates for mild steel plates in India. Most items fall under Chapter 72 with a standard 18% tax rate.
Section 74A streamlines GST demand procedures effective FY 2024-25. Discover the new notice timelines and penalty structures.
GSTN resolved technical glitches causing GSTR-2B errors. Taxpayers should manually verify statements and review specific generation conditions.
Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
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