Author name: Ram Sharma

GSTR-3B is a summary of supplies made during the month along with GST to be paid. It discloses summary of […]

Invoice Management System (IMS) is a new functionality developed on the GST portal which allows taxpayers to manage their invoices

Starting with the February 2025 return period, Table 12 of GSTR-1 and 1A has been updated to Phase-III HSN reporting

General Rule for ITC Every registered persons can claim ITC on goods or services used for business purposes which are

GSTR-9 late fees is levied when a taxpayer delayed in filing return beyond the due date. It is charged per

Credit note is issued when a supplier need to reduce the value of an invoice already issued. It may be

GST Interest and Penalty Waiver Scheme under Section 128A provides provide a big relief to the taxpayers for reducing the

The government will going to insert a Track and Trace Mechanism to monitor the complete supply chain of goods. The

Sponsorship services means when a companies or individuals supports another group or individual to help in exchange for getting advertised