GST

Clarification on Dealing with Differences in ITC availed in GSTR-3B Vs GSTR-2A

Differences in ITC availed in GSTR-3B Vs GSTR-2A   INTRODUCTION: As per the GST Law, input tax credit [ITC] can be availed by the registered person on the inward supplies of goods/services used/intend to be used in course of business of making taxable supplies/zero-rated supplies. ITC can be availed subject to satisfaction of conditions set …

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A Brief Analysis on GST Audit

Analysis on GST Audit

GST AUDIT: MEANING, TYPES, AND OBJECTIVES Analysis on GST Audit is necessary for verification purpose. GST Audit is verification of the original records, returns and other documents kept with the taxpayer at the business premises (including all Additional Place of business) and correlating them with the information furnished by the taxpayer on the GST Portal …

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Job Work Under GST

Job Work Under GST

Job Work Under GST is defined as any treatment or process undertaken by a person on goods belonging to another person. This includes activities such as manufacturing, repairing, altering, cleaning, or testing of goods. What is job work? Job work means processing or working on raw materials or semi-finished goods supplied by the principal manufacturer …

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