Details required in GSTR-6
GSTR-6 is more than just a return; it’s your avenue to efficiently distribute Input Tax Credit (ITC) across your organisation’s branches. This process ensures compliance
Calculation and payment of TCS liability in GSTR-8
What is TCS under GST Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by
Understanding the provisions of TCS (Tax Collection at Source) under GSTR-8
What is TCS under GST Tax Collected at Source (TCS) under GST means the tax collected by an e-commerce operator from the consideration received by
Filing frequency and Due dates for GSTR-8
Goods and Services Tax (GST) was implemented in India with an aim to create a unified taxation system that would simplify the tax structure and
Applicability and registration requirements for GSTR-8
What is GSTR-8 return? GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source)
Challenges and considerations for GSTR-7 compliance
What is GSTR-7? GSTR-7 is a monthly return filed by individuals who deduct tax at source. Every GST-registered individual who deducts TDS under GST must
TDS reconciliation with GSTR-2A and Form 26Q
What is GSTR 2A? GSTR 2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal. When a
TDS certificates and TDS credit in GSTR-7
The introduction of the Goods and Services Tax (GST) in India has significantly overhauled the country’s tax structure. The GSTR-7 return holds considerable importance in
Calculation and payment of TDS liability in GSTR-7
In the case of GSTR-7, businesses need to understand the calculation and payment process to ensure accuracy and avoid penalties. This article explores the intricacies
Late fees and penalties for non-compliance in GSTR-7
As a taxpayer, it’s essential to understand the consequences of not adhering to the GST rules and regulations. In this article, we will explore the
Amendments and revisions in GSTR-7
In the case of GSTR-7, amendments and revisions are integral to maintaining compliance. To simplify the process, the government has introduced new changes that businesses
Details required in GSTR-7 for Tax Deducted at Source (TDS)
Do you need clarification about the details for filing GSTR-7 for TDS (Tax Deducted at Source)? Look no further! This article will provide a clear
Reconciliation of GSTR-6 with GSTR-2A
Do you need help with the reconciliation of GSTR-6 with GSTR-2A? Fret not, as we have got you covered. This article will guide you through
Filing frequency and due dates for GSTR-7
Filing your GSTR-7 accurately and on time is essential for ensuring compliance with tax regulations. Whether you are a business owner or a tax professional,
Applicability and registration requirements for GSTR-7
Are you familiar with the applicability and registration requirements for GSTR-7? This article will provide you with all the information you need to know. From
Best practices for GSTR-6 compliance
This article presents the best practices for GSTR-6 compliance that every Input Service Distributor (ISD) needs to know. With the ever-changing tax regulations, staying updated
Late fees and penalties for Non-compliance in GSTR-6
Are you a GST-registered taxpayer who files GSTR-6? Late fees and penalties for non-compliance in GSTR-6 can significantly impact your business. From late filing fees
Amendments and revisions in GSTR-6
Are you familiar with the amendments and revisions in GSTR-6? The Goods and Services Tax Return-6 (GSTR-6) is an important document that must be filed
Input tax credit (ITC) distribution and utilisation in GSTR-6
Unlocking the benefits of input tax credit (ITC) distribution and utilisation in GSTR-6 can be a game-changer for businesses. With the correct understanding and strategy,
Demystifying Form DRC – 01C
The significant advantage of GST is the availability of input tax credits throughout the supply chain, which are claimed based on self-assessment. However, the self-assessment-based
Filing Frequency and GSTR-5 Due Date
The introduction of GST in India streamlined the indirect tax system, integrating a variety of taxes into one single unit, making compliance easier, lessening the
Exploring The Advantages of Free Invoice Software
In business, it is necessary to document every transaction’s accuracy. This is where invoicing comes into play. Invoices are not just pieces of paper but
Here’s How You Can Create an Invoice Online Using CaptainBiz
As an MSME owner, you know the value of time and how it directly impacts your bottom line. One crucial aspect of running a business
Simplify Your Operations with Computer Billing Software: What You Need to Know
With over 500 million internet users, India stands as one of the largest and fastest-growing digital consumer markets in the world. As technology continues to
Efficient Business Management Tips for Traders
Effective management is the compass that guides businessmen toward success. Managing a business involves coordinating a variety of factors—from finances and resources to time and
Effortless Invoicing on Computer Made Easy with CaptainBiz
At CaptainBiz, we understand that business owners always look for ways to make things smoother, save time, and complete more tasks. One area where this
Mastering Invoices as a Business Owner
In the business world, invoices are more than just pieces of paper or digital documents – they are essential tools for maintaining the financial health
Ocean Sparkle Ltd vs. Assistant Commissioner: A Legal Battle in Andhra Pradesh High Court
Petitioner: Ocean Sparkle Ltd Respondent: Assistant Commissioner (ST) Court: In the High Court of Andhra Pradesh Facts of the Case: The case challenges an assessment
HSN Code and GST Rate for Fruits and Dry Fruits
GST on fruit, nuts and peels of citrus fruits and melons According to section 2 of chapter 8 of the GST Act, the GST tax
Decoding HSN Code 39: GST Rates and Classification for Plastic Products
Plastic products are classified under different HSN codes based on their specific characteristics and composition. The most common HSN code for plastic products is 39.
Understanding HSN Code for Job Work in GST: A Comprehensive Guide
With the implementation of GST system in India significant structural changes shaped businesses operate and pay taxes. One of the crucial aspects of GST is
HSN Code for Tea and Coffee: Essential Information for Businesses and Consumers
Do you start your mornings with a potent dose of caffeine from a freshly brewed cup of Joe? Or do you prefer a slightly less
Decoding GST Rate and HSN Codes for Laptops, Computers: Essential for GST Compliance
In the Evolving world of technology, computers and laptops have become an integral part of our daily lives. Whether for work, education, communication or entertainment,
GST Rate and HSN Code for Rice, Wheat and Other Cereals: A Complete Guide
India is known for its rich agricultural heritage, producing a wide variety of cereals, including rice, wheat, barley, and more, with the introduction of the
HSN and GST Rate for Books, Newspapers, Calendars
“Reading is an act of civilisation; it’s one of the greatest acts of civilisation because it takes the free raw material of the mind
How Do I Find My 6-digit HSN Code?
What is HSN Code HSN stands for ‘Harmonized System Nomenclature’. The WCO (World Customs Organization) developed It is a multipurpose international product nomenclature that first
Understanding The Information Provided in GSTR- 2B
GSTR- 2B is a form circulated by the Goods and Services Tax Network, which includes every detail of inward supplies of goods and services received
Tips for Effectively Utilising GSTR- 2B for GST Compliance
In today’s dynamic business era, staying updated about Goods and Services Tax (GST) regulations is crucial for every business. GSTR-2 B offers seamless features which
Reconciling GSTR- 2B with Purchase Records
Tax compliance can be complex for some individuals to understand, and in the realm of Goods and Services Tax (GST), reconciling GSTR- 2B is crucial
GSTR-6 Due Date: Everything You Need to Know
In GST, the concept of input service distributor was introduced to streamline the distribution of credits under a centralized system from the main office to
GSTR-6 Applicability: Who Needs to File and When?
GST brought uniformity in the tax structure in India, eliminating the cascading effect of taxes on consumers. The introduction of the online portal enhanced compliance
GSTR-5 Format and Details: What You Need to Know
The Goods and Services Tax was introduced to integrate multiple taxes into one comprehensive GST and make compliance easy for the taxpayers. It also eliminated
GSTR-4 Due Date and Filing: A Complete Guide
The introduction of GST laws brought about uniformity and transparency in the indirect taxation system in our country. The composition scheme was introduced to help
CaptainBiz Tutorial on Making GST Bills Online
In the dynamic landscape of Indian business, staying on top of the latest technologies and regulations is crucial for entrepreneurs and business owners. One such
Your Guide to Efficient Invoice Bill Creation Using Excel
Generating a bill in excel using a template is a relatively uncomplicated and clear-cut procedure. Most templates usually come with premade instructions explaining what should
Key Differences Between GSTR- 2A vs GSTR- 2B
You may have encountered the terms GSTR- 2A and GSTR 2B while filing the GST returns as a business owner. These are two different kinds
Importance of GSTR- 2B in Input Tax Credit (ITC) Reconciliation
The Indian Taxation system has noticed much transformation with the introduction of Goods and Services Tax (GST). The aim of introducing GST was to simplify
Implications of GSTR- 2B on Compliance and Audit
The world of taxation is very dynamic, and the introduction of Goods and Services Tax (GST) has brought many changes in compliance, where GSTR- 2B
Know what is GSTR-2B | Generation and Availability of GSTR – 2B
Tax compliance can be challenging for business owners as there are many documentation and processes to be done. However, everything can be done today with
Common errors in GSTR 2b | Correcting Errors or Discrepancies in GSTR 2B
Business owners face daily challenges regarding their day-to-day operations or tax obligations. After the introduction of GST, things are simplified. However, there could be errors
GST Registration for Services: Documents Required
GST registration is a one-time process to be followed by any person if they cross the threshold limit of Rs 20 lakh in the case
GSTR-5: Everything You Need to Know
The introduction of GST is a milestone in the history of the indirect tax system in India. GST replaced the complicated web of Central and
HSN Code in GST: Everything You Need to Know
In the dynamic landscape of tax compliance, keeping current is vital for business success. GST offers transparency updates on tax obligations and enhances the overall
8-Digit HSN Code: Everything You Need to Know
Understanding HSN Code? HSN code stands for “Harmonized System of Nomenclature”. The HSN code is a numerical classification system used to categorise goods for taxation
What Is the Work Contract HSN Code Under GST
Works contract means a service contract involving supply, a mixture of service and transfer of goods. Examples of works contracts are the construction of a
How to Add HSN code in GST Portal?
What is HSN Code If you are a business owner in India, you are likely familiar with the Goods and Services Tax (GST). The GST
Challenges in GSTR-4 filing for Composition Taxpayers
The introduction of GST unified the complex Central and State taxes into one integrated indirect tax system in the country. The aim of the government
GSTR 4 Late Fee: How Much Do You Pay and What Are the Consequences?
The composition scheme was introduced to bring simplicity and reduce the burden and compliance cost for small businesses. Registering for this scheme is optional where
Input Tax Credit (ITC) Provisions in GSTR-4
The Goods and Services Tax Act was introduced to eliminate the cascading effect of taxes on the people. The salient feature of the act was
Everything You Need to Know About Bill to Ship to Transactions in GST
In the world of business transactions, understanding the concept of the place of supply and taxation is crucial from a GST perspective. This becomes even
Demystifying GST on Labour Charges: Understanding HSN Code for Labour Charges
In the dynamic landscape of taxation, the Goods and Services Tax (GST) has been a game-changer in simplifying the indirect tax system in India. One
How to Calculate Tax Liability in GSTR-4 for Composition Taxpayers
The introduction of the composition scheme was to make calculation of tax liability and compliance easier for small, micro and medium businesses. Based on business
GSTR-4 Format: A Comprehensive Guide on GSTR 4 Details
The composite scheme was introduced to make compliance simple and easy for small businesses. It is mandatory for all taxpayers registered under the composite scheme
How to Check and Find HSN Code in GST Portal: A Comprehensive Guide
Understanding HSN Codes and Their Significance in GST HSN, or Harmonized System of Nomenclature, is a globally recognised classification system for products. It’s a standardised
e-Way Bill Admin and Sub-User: User Roles and Access
Imagine you have a business, and sometimes you need to send goods worth a lot of money from one place to another. The government wants
Role and responsibilities of an Input Service Distributor (ISD) under GSTR-6
The role and responsibilities of an Input Service Distributor (ISD) under GSTR-6 are crucial in ensuring smooth and efficient distribution of input tax credits within
HSN Code Mandatory in GST: When and Why
Implementation of mandatory mentioning of HSN codes in GSTR-1 In the intricate tapestry of the Goods and Services Tax (GST) framework, HSN codes are essential
Everything You Need to Know About Master Data in E-Way Bill System
Generating e-way Bills involves the entry of mandatory details like Customer name & address, shipping form & shipping to location, supplier name & address, HSN
How to Check GST Registration Status ?
GST Registration process is completely driven online, and prospective taxpayers have to submit the required documents online. The approval process is also online. On submission
Benefits and Limitations of using GSTR- 2B
Technology and systems have changed our daily work, and taxation is no exception. GSTR- 2B is a powerful tool helping businesses stay updated about their
GSTR 1 Details: Everything You Need to Know
What is GSTR 1 Every taxpayer has to file returns once the GST Registration is obtained have to file returns periodically. Regular Taxpayers or casual
Different Statuses of GST Registration
GST Registration Persons have to obtain GST Registration once they cross the threshold. Application for GST Registration has to be submitted online through the Common
A Comprehensive Guide: How to File GSTR-3B with Accuracy
GSTR-3B is a key component return and filing GSTR-3B is mandatory for all registered businesses in India. The self-declaration summary return provides details of all
Understanding Tax Liability Calculation in GSTR-3B
All registered taxpayers under the Goods and Services (GST) act in India need to file the monthly return GSTR 3B. This form is a summary
GSTR-3B Reconciliation with GSTR-1 and GSTR-2A: Avoiding Tax Mismatches and Penalties
GST is a consolidated value added tax levied on the manufacture, sale and consumption of goods and services across India. It subsumes different taxes that
What is GSTR-3B: Definition, Purpose, and Importance
The introduction of Goods and Services tax has transformed the taxation system in the country. By unifying multiple indirect taxes into a single comprehensive tax,
Penalties and Late Fees for GSTR-3B Filing
The most important aspect of GST compliance is the timely submission of GSTR-3B returns. GSTR-3B is a self-declared summary return which reflects supplies, input tax
Understanding Utilization of Input Tax Credit (ITC) in GSTR-3B
The introduction of GST laws in India has transformed the indirect tax system by replacing multiple taxes with a single unified tax structure. Many returns
Know Your GSTR-3B Due Dates and Filing Frequency for Smooth GST Compliance
The introduction of GST laws has streamlined the tax system, eliminated the cascading impact of tax on consumers and improved compliance. The various returns specific
GSTR- 2B: Everything You Need to Know
In the ever-changing world of tax compliance, staying up to date is essential for your business to stay ahead. Goods and Services Tax (GST) is
GSTR-2A and GSTR-2B: A Guide for Taxpayers
Need for GSTR-2A: When GST was introduced in 2017, taxpayers were required to file two returns, GSTR-1 and GSTR-3B. In GSTR-3B, taxpayers were claiming ITC
Composition Levy under GST: Everything You Need to Know
Composition levy under GST is an alternative levying tax on small taxpayers. The composition levy aims to ease filing tax returns and reduce compliance costs
GSTR 1 Due Date and Filling Frequency: Everything You Need to Know
A GST Return is a form a Taxpayer must file for every GSTIN registered under the Goods and Service Tax (GST). GST registered Taxpayer is
E-invoice Threshold in India: Everything You Need to Know
E-invoice is implemented in India for taxpayers whose turnover is above Rs 5 crores and below Rs 10 cross from the first of August 2023.
Benefits of E-way Bill Registration
E-way bill is an electronic document generated on the E-waybill portal evidencing the movement of goods. It is a document that helps the department to
Common Issues and Solutions for E-way Bill Errors
In this blog, we will discuss the common issues which the user face while registering on the e-waybill portal. Some of the common issues faced
e-Way Bill Registration Process: A Complete Guide
e-way bill is a document that needs be generated by the supplier, transporter, or recipient of the goods if the value is more than Rs
Eligibility Criteria for e-Way Bill Generation
E-waybill is an electronic document to be carried by the owner of the convince during the movement of goods from one location to another. In
How to Register for e-Way Bill
The e-waybill in GST replaced the state-level challans for the movement of goods in the pre-GST era with a single document wherever there is movement
Benefits of GST Registration
In India, businesses must register for GST once their annual turnover crosses the threshold. GST Registration allows businesses to charge GST from consumers and claim
What is GST Registration?
GST Registration is a crucial requirement for businesses operating in any country, as it enables compliance with tax regulations and other legal aspects like the
Mera Bill Mera Adhikar: How Consumers Can Be Rewarded for Uploading Their GST Invoices
Consumer empowerment plays a vital role in economic policies today, and the introduction of the GST Reward Scheme provides an important step to make the
A Guide to Dealing with Exempt and Non-GST Supplies in GSTR-3B
The introduction of GST laws has created a uniform and transparent indirect tax structure in our country by unifying various taxes like vat, excise duty,
A Comprehensive Guide to GSTR-3B Amendments and Adjustments
GSTR-3B is a self-assessed summary return that has to be filed by registered taxpayers under GST every month. It includes details of outward and inward
Eligibility Criteria for Filing GSTR-4
The introduction of GST laws transformed the indirect tax system in India by unifying a plethora of state and central taxes into one consolidated unit.
Common Errors and Mistakes in GSTR-3B Filing
Filing taxes can be complex, especially regarding the Goods and Services Tax (GST) in India. A critical aspect of GST compliance is filing GSTR-3B, a
GSTR-4 Meaning & Applicability
GSTR-4, the Quarterly Return for Composition Taxpayers, is a crucial component of many Countries’ Goods and Services Tax (GST) systems. It is specifically designed to
GSTR-2 Demystified: Understanding the Meaning and Process
In today’s ever-evolving business landscape, staying compliant with tax regulations is essential for the success and growth of any enterprise. One such critical aspect is
Understanding GSTR-1 IFF: A Comprehensive Guide
The Goods and Services Tax (GST) that the Indian government implemented has undoubtedly streamlined the taxation system, yet many people still find it to be
Understanding GSTR-10: The Final Return after GST Registration Cancellation
If you are a registered taxpayer under the Goods and Services Tax (GST) regime in India, you must be familiar with the various GST returns
