Hi All, In this tutorial, we will learn how to calculate the interest and late fees in GST. Let’s get started, Why do we need to pay late fees and Interest in the GST? The GST department has already announced that if any GSTIN holder does not file their GST […]
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What is the concept of a credit note and a debit note? What are credit notes and debit notes?
Hi all, In this tutorial, we will begin learning about debit notes and credit notes. Let’s start What is Credit note and debit note? A credit note is issued by a seller to a buyer with the purpose of decreasing the amount owed by the buyer for purchased goods or […]
Continue readingAmendment to Credit Note and Debit Note in GSTR-1.
Hey All, In this tutorial, I will let you know the steps to amend credit and debit notes in a simple way. Let’s begin, If you made a mistake in credit and debit notes by entering any of the columns, then don’t worry, and be ready to correct your mistake […]
Continue readingHSN Code is mandatory for E-way bills & e-invoices from 1st October 2023
Hey all, Today, I will inform you about the new GST changes, which make it mandatory to include the HSN/SAC code starting from October 1, 2023. What is the HSN/SAC Code? The HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) codes are systems used in India for the […]
Continue readingDirector of a Private Limited Company
The Director of a Private Limited Company holds a pivotal role as the top executive responsible for guiding and steering the organization toward success. This influential leader possesses a unique blend of strategic vision, operational expertise, and strong decision-making capabilities. At the core of their responsibilities lies the task of […]
Continue readingHow to pay tax from the make payment/post credit to ledger option in GST?
Hi Friends, Today I will let you know how to set off the tax amount with the help of the Make payment/post credit to ledger option. What is GST? GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services […]
Continue readingNew e-invoice applicability in GST | New e-invoice limit.
Hi Friends, In this blog, I will let you know about the new turnover for making the e-invoice and its applicability. The GST Department has announced new criteria for e-invoicing from the 1st- of August- 2023. If any GST holder’s turnover is crossed by the prescribed limit in any previous […]
Continue readingPhysically GST Registration Verification by the GST Officers.
This is a new annousment from the GST departement. many people have not filed their returns of GST, he has taken registration only for their own use they are not following the compliance of GST. During the physical verification process, GST officers may visit the business premises to confirm the […]
Continue readingBank Account Validation feature in the GST Portal
Hi Guys, This is Ravi Kumar, and Today I will let you know about the bank validation feature on the GST portal. Let’s begin, First of all, When we have been getting the GST registration then this time, it is a must to add the Bank account in the GST […]
Continue readingNew Option to Pay TDS/TCS 2023 | How to pay TDS/TCS in a new way 2023
Hello Guy’s This is Ravi Kumar, and today I will let you know about the payment of TDS/TCS in a new way. Let’s Begin, If you are thinking to pay the TDS/TCS from the NSDL portal then you can’t do the TDS/TCS payment from the NSDL portal. How to pay […]
Continue readingImportant things about the GSTIN number || All about the GSTIN
Hello guy’s This is Ravi Kumar and today I am gonna show you the basic points about the GSTIN holders Let’s begin, Advantages of registration under the GST. Disadvantages of registration under the GST CASE- 2 If you have 2 GSTIN numbers in a single PAN card so how many […]
Continue readingCan I take 2 GSTIN numbers on the same PAN card?
Hello Guy’s This is Ravi Kumar, and today I am gonna show you the method of obtaining 2 GSTIN numbers on the same PAN card. Let’s Begin, What tells us the section 25(1) of the CGST act? The Goods and Service Tax (GST) is a vacation spot-primarily based indirect tax levied at the delivery of goods and services. It has changed many indirect taxes including VAT, carrier tax, CST, […]
Continue readingAnnexure V on GTA in GST || Annexure V Form is live on the GST portal
Hello Guys, This is Ravi Verma, and today I will let you know about the new form Annexure V for GTA Let’s get started, The GST rate on GTA (Goods Transport Agency) has been changed from 18th July 2022. And the government has given two options for the GTA Agency. […]
Continue readingHow to use ChatGpt for accounting works? || ChatGpt for accounting.
This is Ravi Verma, and in this blog, I am gonna show you how to use ChatGpt for accounting works. Let’s begin, What is ChatGpt? The ChatGPT is a large language model developed by OpenAI. It has been trained on a vast corpus of text data using deep learning techniques […]
Continue readingHow to create GST temporary ID for unregistered person?
Hello Guys, This is Ravi, and in this blog, I am gonna show you how to create GST temporary ID Let’s begin, What is meant by GST temporary ID for an unregistered person? The GST department has given this opportunity to an unregistered person for taking his ITC in a […]
Continue readingNew rule in the GST section 88C || Notice for differences in GSTR-1 and GSTR-3B
Hello Guys This is Ravi Kumar, in this article, I will show you section 88C of the CGST act. Let’s begin, What is section 88C of the CGST act? This is a new section of the CGST Act. And this section has been implemented by the GST department. In that […]
Continue readingNew rule 37A in GST || What is rule 37A?
Greetings This is Ravi Verma, In this Article, I will let you know about the new Rule 37A of the GST. Let’s Begin, New rule 37A is linked with the GST section of 41 What is rule 41 in the GST? Under this rule, If you have taken your ITC […]
Continue readingGST update || Please do it before the 31st of December 2022.
Greetings This is Ravi Verma, In this Article, I will let you know the important things about GST & Income tax, and it should be done before the 31st of December 2022. Let’s Begin, You need to file your important return before the 31st of December 2022 Note – For […]
Continue readingHow do I check my statement status default or process? || Check the status of the statement
Greetings This is Ravi Verma, In this Article, I will show you how to check our TDS filing status on the traces portal. Let’s Begin, Why is the statement status required? After the filling of our TDS return, we have no idea about the statements status of our TDS returns. […]
Continue readingWhere do I enter my Cash Ledger Balance at the time of filing GSTR-3B?
Greetings This is Ravi Verma, In this Article, I will let you know about the cash ledger balance. Let’s Begin. In my case of GSTR-3B filling, I have paid my tax payment of Rs 70,000.00, and my ITC is showing Rs 75,000.00. After the payment of my all taxes, 5000.00 […]
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