What is GSTR-3B? GSTR-3B is a simplified GST return that businesses need to file monthly or quarterly. This return provides a summary of inward and outward supplies, tax liability, and the tax paid. Understanding the nuances of GSTR-3B is crucial for compliance and avoiding penalties. New Update: Locking Date Extension for GSTR-3B As of January […]
In the ever-evolving landscape of Goods and Services Tax (GST) compliance, recent updates have introduced significant changes to the GSTR-1 filing process. One of the most critical updates is the mandatory inclusion of Table 13 in GSTR-1, which poses new requirements for taxpayers. This article deplores into what Table 13 entails, its connection with Table […]
In a significant update to the Goods and Services Tax (GST) registration process, the Indian government has launched a new system poised to revolutionize the way businesses register for GST. Effective from January 2025, this new process introduces a temporary registration option that promises to streamline and expedite what has often been a cumbersome and […]
In a significant move designed to ease the financial burden on taxpayers, the Government of India has announced the waiver of late fees for GST returns filed between the financial years 2017-18 and 2022-23. This decision, triggered by Notification No.08/2025-Central Tax] Dated: 23rd January, 2025, allows taxpayers an extension to avoid penalties while completing their […]
What You Need to Know As the deadline for filing GSTR-3B approaches, it’s crucial to be aware of the significant changes affecting the data reflected in your GST returns. These changes can lead to mismatches in your filings, resulting in potential notices from the GST department. Let’s break down the essential points you need to […]