Key Takeaways To convert GSTR-1 Excel file into JSON, you can use a GST offline tool that is available on the GST portal. Downloading and using this tool is very simple. If you already have a downloaded tool, make sure to use the latest version of the GST offline tool. This tool is the primary […]
Key Takeaways Reconciliation of GST returns is the in-depth comparison of the data filed by a taxpayer with the data available in the GST government’s portal. This process helps identify discrepancies between the two sets of data, allowing you to correct any omissions or unintentional errors from previous filings. The goal is to ensure that […]
Key Takeaways Businesses should use their IT benefits to protect cash flow and reduce their GST burden. If a supplier has not filed GSTR-1 or has not included the needed documents, the process becomes more complicated. Thus, making tax payments unexpectedly and credit blocks may occur often because of this issue. In this article, we […]
Key Takeaways GSTR-1 advance adjustment is the process of modification of details of advance payments received for the supply of goods under the GST regime during the monthly return of GSTR-1 & 1A. Most of the time, businesses receive advance payment from customers before the supply of goods and services. These advanced payments are taxable […]
by Key Takeaways GSTR-8 is a mandatory return filing form for GST-registered e-commerce operators. It includes details of supplies as well as tax collected at source, ensuring transparency between the supplier and the e-commerce operator. Learn how to file GSTR-8 on the GST portal to experience a smooth journey in the filing process. What Is GSTR-8? […]
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