Navigating the New Amendments in the GST Appeals Process
The Goods and Services Tax (GST) system in India is complex, requiring taxpayers to follow specific rules. The GST appeals process is a key part of this system, allowing taxpayers to challenge decisions made by GST authorities. Recently, GST Notification 12/2024 introduced important changes to this process. These changes impact Rules 110 and 111 and […]
AI and ML for Predictive Analytics: Transforming Future Insights!
In the digital age, businesses are constantly seeking ways to leverage technology for better decision-making. Predictive analytics, powered by Artificial Intelligence (AI) and Machine Learning (ML), is at the forefront of this technological revolution. By harnessing the power of AI and ML for predictive analytics, organizations can predict future trends, optimize operations, and gain a […]
Understanding the Key Changes in GSTR-9 & 9C for FY 2023-24
Staying informed about GST updates is essential for businesses. Recently, the government introduced important updates to Form GSTR-9 and GSTR-9C for the Financial Year 2023-24 through Notification No. 12/2024 – C.T. dated 10.07.2024. These changes aim to simplify the reporting process and enhance accuracy. 1. New Entries in GSTR-9 The GSTR-9 form now includes new […]
GSTN Update: Pay GST via UPI & Cards in 17 States/UTs
The Goods and Services Tax Network (GSTN) has introduced a new update that makes paying GST easier for taxpayers. Starting August 6th, 2024, taxpayers in 17 states and Union Territories (UTs) can now pay their GST using Unified Payments Interface (UPI) and Debit/Credit cards. This change is part of GSTN’s ongoing effort to simplify the […]
Update GST Bank Account Details Easily with New Feature
Introduction Staying compliant with GST regulations is crucial for every registered taxpayer. Keeping your bank details up-to-date on the GST portal is a vital part of this process. Recently, a new feature has been introduced on the GST portal that allows registered taxpayers to update their bank account details quickly and efficiently. This guide will […]
CBIC’s New GST Audit Guidelines: Key Update for Taxpayers
The Central Board of Indirect Taxes and Customs (CBIC) has recently issued Instruction No. 03/2024-GST. This new guideline, dated 14th August 2024, impacts how GST audit are conducted in India. It focuses on maintaining uniformity and caution during audits, especially when there are different interpretations of the CGST Act. Key Takeaways from Instruction No. 03/2024-GST […]
India at 78: The Power of Business Independence!
As India celebrates its 78th Independence Day, the nation reflects on its remarkable journey of transformation – from a newly independent country to one of the fastest-growing economies in the world. The spirit of independence resonates deeply within the Indian business landscape, where innovation, resilience, and entrepreneurship continue to shape the nation’s economic destiny. The […]
Live on GST Portal: Correct GSTR-1A Outward Supplies
Introduction Filing accurate GST returns is essential for every business. Recently, the GST portal introduced the GSTR-1A feature, making it easier to amend your outward supplies for the current tax period. This blog will explain what GSTR-1A is, why it’s important, and how you can use it effectively. What is GSTR-1A? GSTR-1A is a tool […]
CBIC Launches Second Drive Against Fake GST Registrations
The Central Board of Indirect Taxes and Customs (CBIC) has recently issued Guidelines for the Second Special All-India Drive Against Fake Registrations as per Instruction No. 02/2024 dated 12th August 2024. This initiative, running from 16th August 2024 to 30th September 2024, aims to practices in the GST ecosystem and strengthen the integrity of the […]
7 Things to Learn About Virtual CFO Services
As businesses navigate the complexities of growth and financial management, many are turning to Virtual CFO services for expert guidance without the cost of a full-time executive. But what exactly are Virtual CFO services, and how can they benefit your business? Here are seven crucial things to learn about Virtual CFO services that can help […]