Important Advisory on GSTR-2B and IMS

Important Advisory on GSTR-2B and IMS

The GST portal has addressed concerns regarding the non-generation of GSTR-2B for October 2024. To ensure compliance and seamless tax filing, it’s essential to understand the key points of this advisory. Key Scenarios for GSTR-2B Non-Generation 1.QRMP Scheme Taxpayers (Quarterly Filers):Taxpayers who file quarterly returns under the QRMP scheme will not receive GSTR-2B for the […]

Digital Accounting

Top 5 Benefits of Switching to Digital Accounting for Small Businesses!

In today’s fast-paced business world, embracing technology is no longer a luxury but a necessity. For small businesses, digital accounting can be a game-changer. Transitioning from traditional methods to digital platforms offers significant advantages, from streamlined operations to better financial insights. Here’s a look at the top five benefits of switching to digital accounting: 1. […]

Major GST Updates Key GST Changes Effective from November 1, 2024

Major GST Updates: Key GST Changes Effective from November 1, 2024

On November 1, 2024, significant changes to the Indian GST system took effect. These updates focus on simplifying tax compliance, increasing transparency, and providing relief to taxpayers. Here’s a breakdown of the key changes that can help businesses stay compliant and avoid penalties. Overview of Key GST Changes for Businesses The government’s recent GST updates […]

Business Strategy

The 1x10x100 Strategy: Your Blueprint for Business Success!

Is your business ready to take off?  Are you searching for a straightforward yet powerful approach to spark growth and accelerate your journey to success? Every business owner dream of growth but achieving it consistently can be challenging. That’s why we’ve created the 1x10x100 Strategy—a simple, powerful framework that helps businesses transform ideas into measurable […]

New Three-Year Limit for GST Return Filing What You Need to Know

New Three-Year Limit for GST Returns Filing: What You Need to Know

Introduction The Finance Act, 2023, has introduced a new rule that limits the time taxpayers have to file their GST returns. Starting from October 1, 2023, taxpayers must file their returns within three years from the due date. This blog will explain this change, its impact, and the steps you should take to stay compliant. […]

Vision to Action

From Vision to Action: Turning Big Ideas into Reality!

In every great achievement, there lies an idea—a vision of what could be. But as inspiring as big ideas are, turning them into reality is a journey that requires dedication, planning, and action. Many of us dream big, but the gap between vision and reality often feels daunting. How can you ensure that your bold […]

Business Growth

Setting the Week for Business Growth and Success!

Every week, we’re here to kickstart your week with practical tips and insights for growing your business and advancing your leadership skills. Monday Mentoring is all about gaining momentum early in the week, so you can navigate challenges with confidence and steer your business towards success. Today, let’s dive into why mentorship matters for business […]

Advisory on Waiver Scheme Under Section 128A of the CGST Act

Advisory on Waiver Scheme Under Section 128A of the CGST Act

The GST Council’s recent decision to waive interest and penalties under Section 128A of the CGST Act, 2017, offers welcome relief for many taxpayers. Announced at the Council’s 53rd meeting on June 22, 2024, the waiver applies to cases where no fraud is involved, helping reduce tax disputes and simplifying compliance. Key Points About the […]