Audits under GST (Goods and Services Tax) ensure compliance with tax laws, accuracy in tax payments, and proper maintenance of records. Businesses must understand the nuances of GST audits to remain compliant and avoid penalties. Here’s a detailed breakdown of GST audit essentials. What is a GST Audit? A GST audit involves verifying a taxpayer’s […]
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Introduction to GSTR 9 GSTR 9 is the annual return under the Goods and Services Tax (GST) system. It is a comprehensive summary of all the monthly or quarterly returns (GSTR-1, GSTR-3B) filed by a registered taxpayer throughout a financial year. This return helps taxpayers report their total inward and outward supplies and the Input
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A Simple Guide to HSN, SAC & State Codes Under GST When it comes to filing taxes under the Goods and Services Tax (GST) system, understanding specific codes for goods, services, and states is key. These codes make tax compliance easier and prevent errors that could lead to penalties. This guide will explain everything you
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In the modern business environment, maintaining accurate and up-to-date accounts and records is essential for every organization, especially under the Goods and Services Tax (GST) regime. The GST law outlines specific guidelines for the preparation and preservation of accounts, ensuring transparency and smooth business operations. 1. Importance of Maintaining Accounts & Records under GST The
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Discover the essential details of Professional Tax Enrollment Certificate (PTEC) registration for businesses and professionals in India. This guide covers the registration process, documents required, and key benefits.
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