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TDS under GST to be in force from 1st Oct 2018

After keeping the TDS provisions in abeyance up until now, the provisions of TDS are effective from 1st Oct 2018. For persons who need to liable TDS, here is a quick overview of the TDS related procedures under GST.

Narrow the differences through IRIS GST Reconciliation Insights and Reports

As the date of September months GSTR 3B return draws closer, reconciliation becomes an important task. Matching your invoices with the supplier uploaded invoices on GST system is needed to ensure that the ITC which you intend to claim is accurate and meets all the provisions of the GST Act and rules. Read more to know how IRIS GST Reconciliation can help you with the daunting task of reconciliation

Updates from 28th GST Council Meeting on Return Simplification

The 28th GST council meeting was held on 21 July 2018. In the meeting, the new return formats and process were approved. Single monthly return for most of the taxpayers will be a reality.

GST Compliance for an Input Service Distributor

Read more to know how the businesses who have taken registrations as Input Service Distributors (ISD) need to distribute the ITC credit and comply with GSTR 6 requirements.

Analysis of the changes expected under Simplified GST Returns

The GST Council, in its last meeting on 4th May 2018, decided to go ahead with Simplification of Returns based on the recommendations placed by GoM led by Shri Sushil Kumar Modi. The roll-out is expected to happen over a period of a year and many measures have been taken to reduce the burden on the taxpayers and ease out the filing process. Monitoring and other mechanisms to keep a watch on reporting of fraudulent transactions have also been one of the considerations while devising the new process for GST returns.