The CBIC is taking best of its measures to facilitate a smooth filing process for the taxpayers in India. Considering the pleas and queries of the taxpayers filing their first ever Annual GST Returns, the CBIC has released a clarification note.
ACES or Automation of Central Excise and Service Tax is a centralised, web-based software that allows a user to automate the processes of Central Excise (CE) and Service Tax (ST) under GST.
Before initiating the refund procedure, supplier’s filing data is given a thorough check to assure the user has filed his/her returns without any errors. And for any faulty filing or mismatch in return forms, the ICEGate officials can delay or even reject the exporter’s fund transfer.
HSN code stands for Harmonized System of Nomenclature, which is a 6-digit code consisting of a globally used coding system and harmonized commodity description.
A well-prepared invoice data not only helps keep a track of your business growth and sale but also saves you any last minute hassle and mishaps while filing your GST returns.