Key Takeaways In India, most GST refunds are claimed by registered taxpayers through Form GST RFD-01. However, for certain special entities, there is a different process. Such entities can get back the GST paid on their inward supplies by filing Form GST RFD-10, which is specially designed just for them. Learn about this form in […]
Key Takeaways In India’s GST system, research and development original services go under HSN SAC code 99814. This category covers a broad spectrum of R&D activities, including projects in cutting-edge technologies, foreign technology, technology imports, the social sciences, the humanities and the natural sciences. The SAC (Services Accounting Code) system supports compliance, promotes openness and […]
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 […]
by Key Takeaways GSTR-7 filing needs to be undertaken by individuals or entities responsible for deducting Tax at Source (TDS) under the GST regime. This is mandatory filing for such deductors to comply with Indian tax laws and the fiscal system. Notably, the deductee can claim input tax credits (also known as input credit) to utilise […]
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