Non-editable of auto-populated liability in GSTR-3B
Updation on GSTR-3B Vide a recent advisory issued on the GSTN portal regarding non-editable of auto-populated values in GSTR-3B. The key points of advisory have been provided below: 1.The advisory states that from July 2025 tax period, for which GSTR-3B will be filed in August 2025, the auto-populated liability in GSTR-3B will become non-editable. 2.If any adjustments […]
How GST Applies to Corporate Guarantee Transaction
Understanding/ Background: A Corporate Guarantee is a legal promise or commitment made by one person (the guarantor) to assume responsibility for the debts, obligations, or liabilities of another (the beneficiary or principal debtor) if the principal debtor fails to meet its financial obligations. Essentially, it’s a form of financial support or assurance provided by a financially stable or creditworthy […]
Top 10 GST Registration Challenges and Solutions
The Goods and Services Tax is one of the revolutionary innovations that has significantly impacted India’s tax landscape since its launch. GST has simplified the procedure by combining multiple indirect taxes, but for most businesses, navigating the complexities of GST registration remains a challenge. Several challenges happen during the registration procedure, ranging from paperwork problems to technical issues. In this comprehensive […]
Explore the Different Types of GST Services in India
The Goods and Services Tax (GST) is a substantial tax reform implemented in India to establish a unified tax structure. It replaced various indirect taxes, making the taxation procedure simple and transparent. In this article, we will look at the several types of GST, its components, and how they have revolutionized the Indian tax system. Types of GST in […]
A Simple Guide to the Online GST Registration Process for New Businesses
GST Registration – Overview With the growing landscape of the Goods and Service Tax Act, 2017 over the period of more than 7 years, GST registration has always been the topic in talks among professionals. The council from time to time has recommended possible measures to simplify the registration process and simplify the requirements for obtaining GST registration. With […]
Everything You Need to Know About GST Refund on Export of Services Without Tax
When dealing with exports, understanding the process of GST refund becomes crucial, especially for businesses providing export services. The GST law provides provisions for claiming refunds on zero-rated supplies to ease the burden on exporters. To claim a GST refund, it is essential to understand key terms such as export, place of supply, Letter of Undertaking (LUT), and other crucial elements like foreign exchange […]
Update on GST effective from October 2024
Notification Summary Effective date 05/2024-Central Tax (Rate) dated 8th October 2024 • Changes in GST rates have been notified by CBIC in respect of cancer drugs, snacks and car and motorcycle seats 10 October 2024 No. 08/2024-Central Tax (Rate) dated 8th October 2024 and Integrated Tax (Rate) dated 8th October 2024 Exemptions provided to various […]
How to Verify Your Company Registration
Verifying company registration is extremely important to maintain legal compliance and establish trust between customers and business partners. Registering a business provides legality, liability protection, and access to financial support. Whether you are a business owner or a potential partner, checking the company registration status can help you make better decisions. In this blog post, we can guide you through […]
GST Registrations in India
With the growing landscape of the Goods and Service tax act, 2017 over the period of more than 7 years, the GST registration has always been the topic in talks among the professionals. The council from time to time has recommended the possible measures to simplify the registration process and simplify the requirements for obtaining […]
Benefits of Registering a Company in India
Registering a company in India’s fast-paced business environment goes beyond just meeting legal regulations. It is one of the most fundamental strategic decisions that give your company legitimacy, legal standing, and growth prospects. In this blog, we’ll go over the benefits and types of company registration in basic terms, so you can understand why this is an important […]