GST Resource Center

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Blogs

E-Invoicing – the game changer
January 22, 2021

From 1st January 2021, companies with a turnover of over Rs.100 Cr have to switch to E-Invoicing for all B2B transactions. It had already been mandated for Rs. 500Cr + [...]

Three Years that Changed How India does Trade
September 8, 2020

  Since the beginning of the GST regime in 2017, there has been a dramatic shift in how India Inc. does business. Specifically, the small and medium enterprises (SMEs) have [...]

All you Need to Know About e-Invoicing from 1st October 2020
September 8, 2020

  From 1st October 2020, e-invoicing will be a mandatory and intrinsic part of the GST regime. GST e-invoice is the digital version of an invoice for goods and services [...]

GST APIs – They can transform how you have been doing business!
January 17, 2020

  GST is not just another type of tax collection. Yes, you read it right. GST is way more than what you’ve thought. It isn’t merely a type of indirect [...]

E-invoicing rules: Debunking the myths around invoicing and reporting provisions
November 22, 2019

Will I have to change my invoicing system after the implementation of e-invoicing provisions? I issue invoices from within my existing accounting software. How will I raise invoices under the [...]

Types of GST Returns and their Deadlines as of June 2019
June 4, 2019

There are 11 GST returns that individuals/businesses need to file throughout the course of a financial year depending upon the nature and returns of their operations. Here is what each [...]

Not Filing GST Returns for 2 Months will get you Barred from Generating E-way Bills
Not Filing GST Returns for 2 Months will get you Barred from Generating E-way Bills
May 24, 2019

June 21, 2019 marks the day when non-filers of GST returns for two consecutive filing periods would no longer be able to generate E-way bills for their consignments. This move [...]

Firms to Get More Flexibility on Use of Input Tax Credit
May 6, 2019

A Welcome Move to Simplify the Taxation System The GST Council, in a bid to make the tax regime even more convenient for the taxpayers, has added flexibility to the [...]

Due Date for Filing GSTR 1 and GSTR 7 for March 2019 Extended by CBIC
April 11, 2019

  The CBIC (Central Board of Indirect Taxes and Customs) issued a notification on Wednesday, 10th April, 2019 announcing the extension of due dates for furnishing returns in FORM GSTR [...]

Everything you Need to Know about GSTR 9
April 8, 2019

GSTR 9 is an annual return that is supposed to be filed by GST-registered taxpayers (including those enrolled for the composition levy scheme). Combining the information furnished in the monthly [...]

5-Point Checklist Every Business Needs to Tick-Off before March 31st
March 27, 2019

  End of a financial year is marked with rush and chaos among the taxpayers, accountants, and tax authorities; all alike. March 31st every year is a crucial day and [...]

GST Council Considers Scaling down of GST Rates on Residential Properties in the 34th GST Council Meeting
March 22, 2019

The 34th GST Council Meeting was held on 20th March, 2019 in New Delhi via video conferencing. The members discussed the operational details for implementation of the recommendations made by [...]

33rd GST Council Meeting and the Key Takeaways
March 4, 2019

Initially scheduled to be held on the 20th of Feb, 2019 via video conferencing, the 33rd GST Council Meeting was postponed to Sunday, the 24th of Feb, 2019 in Delhi. [...]

GSTN Portal Enables Amendment of Invoices, Debit and Credit notes of FY 2017-18
February 11, 2019

Acting on the Order No. – 2/2018 – central Tax, the GSTN portal has enabled rectification of errors or omissions in the details furnished in Form GSTR-1. Two sections of [...]

9 Crucial Facts You Must Know About The New GST Limit of 40 Lakh
January 24, 2019

The 32nd GST Council Meeting was held on 10th of January, 2019 and came up with many positive points for India’s taxpayers. One of the key highlights of the meeting [...]

33rd GST Council Meeting and What to Expect of it
33rd GST Council Meeting and What to Expect of it
January 24, 2019

The GST Council holds meetings at regular intervals to assess the progress made by the GST regime and make amendments wherever and whenever necessary to make the whole system transparent [...]

Major points of discussion expected at the 32nd GST Council Meeting to be held on 10th Jan, 2019
January 8, 2019

  After the 31st GST Council Meeting held on December 22, 2018 the Council is set to have another meeting on 10th of January, 2019 to discuss rate rationalization of [...]

Challenges SMEs / Exporters are facing in Availing ITC
December 20, 2018

INR 60 Billion of Input Tax Credit Still Awaited by Exporters across India Exporters all across the country are experiencing difficulties in availing Input Tax Credit (ITC) refunds. This is [...]

GSTR - Which one to file and when
GSTR 9, 9A, 9B, or 9C – Which one should you file and by when?
November 28, 2018

Annual return filing: GSTR 9, GSTR 9A, GSTR 9B, GSTR 9C Section 44 of CGST Act, 2017 mandates all GST-registered taxpayers (except casual taxable persons, non-resident taxable persons, Input Service [...]

E-way Bill Portal
E-way bill: Redefining the role of the road transporter
November 22, 2018

  Road transport is the preferred mode for 60%1 of cargo movement in the Transportation & Logistics (T&L) industry. But India’s road network is congested due to poor infrastructure and slowdown in [...]

GSTR 9 due date, eligibility, and late fees
GSTR 9 – Due Date, Eligibility, and Late Fees
November 21, 2018

GSTR 9 is an annual return that is supposed to be filed by GST-registered taxpayers including those who have opted for the composition levy scheme. Consolidating the information furnished in [...]

How to check GST Registration status
How to verify if a business is GST registered?
November 20, 2018

  How to check GST Registration status A business that is not registered under GST cannot charge GST. Every industry in our nation today scrambles to make adaptations to the [...]

Goods and Services Tax
How GST will reshape or affect Indian startup industry?
October 16, 2018

GST and its Impact on Small Businesses and Startups in India GST, or Goods and Services Tax, is a huge opportunity for the Indian startup industry. GST is said to [...]

How GST has impacted the SMEs in India
How GST Has Impacted the Small and Medium Enterprises in India
October 15, 2018

  “You cannot make progress without making decisions” – Jim Rohn. This quote makes complete sense when we talk about the economic scenario of India. Countries across the globe were [...]

Estimate Your GST Challan
How to Estimate Your GST Challan
October 10, 2018

  The GST Bill has proved to be a much-needed milestone in the taxation system of India. The intention behind the introduction of GST was to curb double taxation bysubsumingall [...]

choosing a GST Software as a SME
Things to keep in mind while choosing a GST Software as a SME
October 9, 2018

What is a GST Accounting Software? Ever since Goods and Service Tax (GST) was introduced last year, Small and Medium Enterprises (SMEs) have been on the look-out for the perfect [...]

Want to know About GST
Updated GST Rate Slabs in India
October 8, 2018

  Bringing uniformity in the taxation system of the country has been the foremost objective behind the introduction of GST. Prior to GST, there were uncountable types of taxes that [...]

Want to know About GST
How to Apply for GST Number in India
October 6, 2018

  The Government of India has made registration under GST mandatory for any person/company that wants to supply goods or services across the country and falls under the GST bracket. [...]

Want to know About GST
All You Want to know About GST – Part 1
October 4, 2018

  GST was introduced in July 2017 as an indirect tax for the entire nation with a vision of One Nation One Tax. It offers a plethora of benefits for [...]

Process of Online GST Registration in India
What is the Process of Online GST Registration in India?
September 28, 2018

  Most of us have been hearing a lot about GST and the need for businesses to register under GST ever since it came into effect. But a lot of [...]

GST Suvidha Provider
What is a GST Suvidha Provider?
September 26, 2018

  Understanding the tax regime has always been a pain point for the public, and professional help is often required. Ever since the Goods and Service Tax (GST) Bill was [...]

GST Suvidha Provider
4 Questions to Ask Before You Select Your GST Suvidha Provider
August 23, 2018

Let us start first by learning what is a GST Suvidha Provider: With the need to ensure that the tax payer’s financial data is secure and that return filing process [...]

GST Suvidha Providers
Importance of GST Suvidha Providers (GSP) and Application Service Providers (ASP)
August 23, 2018

  Why do taxpayers need GSP and ASP services? The video below explains how GST Network has set up the architecture of an entire ecosystem, the importance of GSP and [...]

How to generate intra-state E-way bill online on GST portal
How to Generate Intra-State E-Way Bill
June 27, 2018

  Intra-state E-way bill has been rolled out across the country starting with Karnataka that implemented it on 1st April, 2018. E-way bill or Electronic Way bill (EWB) is required to be [...]

gst regime
The GST regime is still a work in progress
June 20, 2018

  “Chaos was the law of nature; Order was the dream of man.” ― Henry Adams, The Education of Henry Adams These words from Henry Adams, aptly represent where we [...]

E-way bill
E-way bill: Are you ready to march into the digital future?
February 7, 2018

  The Transportation & Logistics (T&L) is the backbone of the Supply Chain ecosystem.  In India, this industry is projected to grow at 9-10%1 per annum from $115 bn to $360 Bn by [...]

GST Network
The GST Network and how it can make a difference to you!
October 10, 2017

  GST was implemented on the 1st of July and the migration along with the first return filing are underway right now. How much do you really know about the [...]

GST compliance
GST compliance: Why cloud solutions are set to be clear favourite with enterprises
August 14, 2017

  While on-premise solutions struggle to catch up, cloud-based solutions are being preferred by many organisations. The basic difference between an on-premise and cloud solution is that on-premise solutions are usually [...]

GST
Industry is not used to the pricing paradigm that is expected in the GST ecosystem
August 14, 2017

  The GSTN visualized an ecosystem that not only makes taxation more transparent for the administration, but also makes returns filing more convenient for taxpayers with the changing structure. It is [...]

gst faqs
GST FAQs Answered: An Introduction
August 11, 2017

  It has been about a month since the rollout of GST. Yet, there are many unanswered questions with regards to GST ecosystem, procedures, migration, return filing and the role [...]

gst migration
GST FAQs Answered: How to Migrate to GST
August 11, 2017

  Post the roll-out of GST on 1st of July, the immediate action organisations need to take, is the migration to GSTN. In this blog, we run you through the [...]

gst faqs
GST FAQs Answered – Transition and Technology
August 11, 2017

  Today, it has been a month since the GST regime is implemented. Still, there are some questions that need to be answered. In this blog, we attempt to bring [...]

GST FAQ's
GST FAQs Answered: How is technology related to GST?
August 11, 2017

  There have been various questions regarding the role that technology is set to play in the new GST regime. Among them is the question, “Why is the right technology [...]

how gst works
GST FAQs Answered: How does GST work?
August 11, 2017

  Among the many questions being asked today, post the rollout of GST on 1st of July, the basic and significant question to understand is how GST works. To understand [...]

GSTN Security
GSTN Security 101: How secure is your data?
August 1, 2017

  With GST taking all the taxation formalities digital, concerns of data security are obvious. ‘How secure is the data?’ is the center of many conversations. With the recent series [...]

file GST return
Know Your Deadlines For GST Return Filing
July 8, 2017

  With the GST rollout on 1st of July, every tax paying business owner across the country is preparing to adapt to the new system of tax return filing. The [...]

Vayana GSP
6 Reasons to Choose Vayana GSP Solution
July 5, 2017

  The GST ecosystem is built with the GSPs (GST Suvidha Providers) as the backbone. They support the ecosystem by not just laying the foundation with strong technology; but also [...]

Impact of GST on FMCG Industry
Impact of GST on FMCG Industry
July 4, 2017

  The FMCG industry, anywhere in the world, has a direct association with everyday needs of end users. But in India the FMCG sector is also an industry that has [...]

Get GST Ready
A Quick Guide on How to Get GST Ready
July 2, 2017

  With the implementation of GST, organisations across the country are scrambling to ensure that they are ready to migrate on to the new system of taxation. While organisations are [...]

GST Bill Explained
A to Z of GST Bill Explained
June 16, 2017

  GST will be implemented on the 1st of July. But how much do you understand about it? One of the biggest challenges with GST currently lies with the lack [...]

Impact of GST
How to handle the Impact of GST on your Working Capital
June 16, 2017

  GST regime brings in a tremendous change to how taxation is managed in the country, both from the perspective of the administration and also the organisations filing taxes. For [...]

GST guide
GST GUIDE: Simplifying GST, step by step with CEO GSTN Prakash Kumar
June 16, 2017

  Even though the rollout of GST is set for the 1st of July, there are more questions than answers, with regards to the process. The very first question that [...]

GST implementation
GST: A Race against Time
June 15, 2017

  10 days before the rollout of GST, we spoke about the current state of the different industries and how some of the smaller organisations may find it a little [...]

gst rollout
GST. Will it Roll Out on the 1st of July?
June 6, 2017

  With the rumour mill buzzing about a delay of the GST rollout, many have started to question the date of implementation. Will the rollout happen on the date planned? [...]

GST Launch
GST Countdown: 4 weeks to go! disruption or digitisation?
June 6, 2017

  It’s the final month before the most ambitious reform in India after 1991 takes shape, as per current schedule. I have been fortunate to see this development up, close [...]

GST Countdown Implementation Challenges
GST Countdown: Implementation Challenges
June 6, 2017

  GST implementation in India is a significant tax reform in the fiscal history of the nation. Goods and Services Tax (GST) rollout on 1st July 2017 will mark the [...]

objective of GST
GST countdown starts: 10 weeks to go!
April 20, 2017

  One of the most transformative reforms in India takes shape soon. The last article talked about preparedness, or rather lack of it, in some of the users. The situation [...]

Goods and Services Tax (GST)
Bumpy ride awaits Goods and Services Tax pursuit
April 6, 2017

  The Goods and Services Tax (GST) bill might have got the Parliament’s nod, but the overall ecosystem is nowhere close to adopting the new tax regime considering its likely [...]

gst ready 2
GST countdown starts: 15 weeks to go
March 14, 2017

  If there is one thing that’s clear from the landslide victory of ruling party in recent elections, it is this: GST in India will become a reality soon. Now [...]

GST & Supply Chain
GST & Supply Chain
January 13, 2017

  Will April 1st 2017 bring the much talked about GST revolution in India? While this question has been occupying space both, on mainstream as well as social media, there is [...]

GST Primer
GST Primer: A Step towards GST for SMEs
November 29, 2016

  Through this article, we foresee a feasible path from the chaotic present to GST as well as summarise what is GST, why the Indian design is so special and [...]