Key Takeaways Importing EWB in GSTR-1 is a newly introduced process. Earlier, taxpayers had to first download E-way bill data from the official website and then upload it on the GST portal. The newly introduced process has helped taxpayers experience a hassle-free journey. Learn how to import EWB data in GSTR-1 here to ensure an […]
Key Takeaways Form GST RFD-03 is issued by the tax officer if there are discrepancies in refund claims by a taxpayer. If the tax officer issues this form, you need to raise a new refund claim with rectified errors. Learn in detail about this form to avoid errors and discrepancies in your refund claims. What […]
Key Takeaways Form GST RFD-04 plays a crucial role in India’s Goods and Services Tax (GST) refund mechanism by enabling provisional refunds to taxpayers. Form GST RFD-04 is the provisional refund application form in GST. When a business files a refund claim, this form allows them to receive up to 90% of the eligible amount […]
Key Takeaways Filing GSTR-1 accurately is essential for every registered taxpayer under the GST regime. It involves reporting outward supplies in a detailed and timely manner. This is done to make sure that business compliances are met. Businesses need to follow a structured approach to prepare their data and submit it in order to avoid […]
by Key Takeaways By consolidating multiple indirect taxes into a single structure, the Goods & Services Tax (GST) has completely transformed the Indian tax system. The eligible ITC (Input Tax Credit), is a key component of this system that enables companies to deduct input tax payments from their output tax liability. By ensuring that taxes are […]
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