Government Introduces Key GST Updates to Strengthen Compliance and Ease Business Operations (This is Only for checking)

How to Claim GST Refund in India: Complete Step-by-Step Guide Goods and Services Tax (GST) has simplified indirect taxation in India, but claiming a refund can often be confusing for businesses and taxpayers. Whether it’s an export refund, excess payment, or any other type of GST refund, following the correct procedure is essential to avoid delays or rejection. This guide provides a complete, step-by-step process, required documents, common mistakes, and tracking tips for claiming a GST...

GST for Freelancers & Consultants   During recent times we have witnessed a massive rise in the freelance economy with professionals like designers, writers, consultants, etc offering freelance services. A freelancer is a person who provides his/her professional services on a contractual basis. Under GST, freelancers are treated as service providers. To ensure business legitimacy and ensure growth the GST implications on freelance business needs to be properly understood. In this re...

The Goods and Services Tax (GST) Department has recently sent out an advisory to specific GST taxpayers about the first chance given to correct errors in their previously filed GSTR-3B forms. This facility was provided due to discrepancies found between the data stored in the GST system and the data that was actually submitted regarding ITC claims, tax payments, etc. This advisory was sent via registered emails to those taxpayers who are directly affected, and these taxpayers can also see the d...

  The Hon’ble Orrisa High Court in the case of Akshya Kumar Sahu v. Commissioner, Central Goods and Service Tax & Central Excise [Writ Petition (Civil) No. 4644 of 2024 dated February 29, 2024] disposed of the writ petition where Mr. Akshya Kumar Sahu (“the Petitioner”) sought to file an application for revocation of cancellation of registration, but could not file Form GSTR-3B due to suspension of GSTIN. Hence, aggrieved by the circumstances, the...

As per Sec 44 read with rule 80 :- Every registered person whose aggregate turnover exceeds Rs 2 crore is required to file:  - Annual Return GSTR 9  - Reconciliation Statement GSTR 9C (if turnover exceeds Rs 5 crore)  - Audited financial Statement  before 31st Dec 2023 Consequencies for not filing GSTR 9  - late fees Rs 100/ day (Max 0.02% of turnover) Notes:   - In case of Multiple GSTIN     ( if any GSTIN has nil turnover than als...