Whether you run a small business or manage a large enterprise, receiving a GST demand notice can disrupt operations, freeze cash flows, and create serious legal liability — especially when you do not know how to respond. The problem? Most taxpayers either panic and ignore the notice, or respond incorrectly and make the situation worse. …
GST Demand Notice:Time Limit, Appeal Process and How to Reply Read More »
GST Notice ASMT 10 in GST is far more common than most business owners realize, and it does not automatically mean you are facing a penalty or legal trouble. The ASMT 10 is a formal scrutiny notice issued by GST authorities when they detect discrepancies in a taxpayer’s filed returns. Rather than jumping straight to …
GST Notice ASMT 10 in GST | Complete Guide to GST Scrutiny Notice Read More »
Every year, thousands of Indian businesses lose lakhs of rupees simply because they do not understand the GST refund process — or miss a critical step along the way. Whether you are an exporter navigating the export IGST refund process, a manufacturer dealing with the inverted duty structure refund, or a taxpayer looking to recover …
suo moto cancellation of GST registration-2026 refers to a situation where a proper GST officer independently cancels a taxpayer’s GSTIN without any application from the taxpayer. This gst suo moto cancellation can result in your business becoming non-operational overnight — unable to issue tax invoices, claim Input Tax Credit (ITC), or operate legally under GST. …
In this blog we described LUT meaning under GST. Exporters can avail a LUT registration under GST to export products or services without paying taxes. All exports are subject to pay IGST under the new GST system, which can then be reclaimed via a refund against the tax that was paid. LUT full form in …
Latest update of GST Composition Scheme CBIC has issued Notification No. 59/2020-Central Tax and extended due date for FY 2019-20 is 31st August 2020 which earlier was 15th July 2020. GSTR-4 is available for filing for FY 2019-20 from 21st July 2020. Overview of the GST Composition Scheme? The Composition levy scheme under the GST …
