CA Kapil Sachdev GST Notices What is a notice under GST? A notice under GST is a formal communication sent by the GST department when something seems wrong in your returns, payments, or compliance. It's like a warning asking you ... 25-Jul-2025
CA Kapil Sachdev GST Registration- Composition Scheme What is the GST Composition Scheme? It’s a simpler tax scheme under GST designed for small businesses. Instead of paying GST at full rates and doing loads of paperwork, eligible businesses can pay a f... 25-Jul-2025
CA Kapil Sachdev Advance under GST What does “advance” mean under GST? An advance means money received before supplying any goods or services. Is GST applicable when I receive an advance from a customer? Yes, but it depends on whether ... 25-Jul-2025
CA Kapil Sachdev GSTR-2A What is GSTR-2A and why should I care? GSTR-2A is an auto-generated statement on the GST portal that shows details of all your purchases for a particular month. It’s created from the data your sellers... 25-Jul-2025
CA Kapil Sachdev Invoice management system What is the Invoice Management System (IMS) under GST? It is a new tool introduced on the GST portal that allows buyers (recipients) to accept, reject, or keep invoices pending that were uploaded by t... 25-Jul-2025
CA Kapil Sachdev QRMP What does QRMP mean in GST? QRMP stands for Quarterly Return Monthly Payment. It allows eligible taxpayers to file GSTR-1 and GSTR-3B every quarter, instead of every month, while paying tax monthly.... 25-Jul-2025
CA Kapil Sachdev HSN & SAC CODE What is an HSN Code? HSN stands for Harmonized System of Nomenclature. It’s a globally accepted method of classifying goods using a numeric code. Under GST, it helps in identifying what type of produc... 25-Jul-2025
CA Kapil Sachdev GSTR-3B What is Form GSTR-3B? Form GSTR-3B is a self-declared consolidated summary return that every registered GST taxpayer (except a few exempted categories) has to file. It contains details of outward supp... 10-Jul-2025
CA Kapil Sachdev GSTR-1A What is Form GSTR-1A? · Every GST-registered person has to file details of outward supplies (sales) in Form GSTR-1. · If any detail is missed or incorrect, correction can be made: o Either in Form GST... 10-Jul-2025
CA Kapil Sachdev GSTR-1 What is Form GSTR-1? Form GSTR-1 is a monthly or quarterly return where every registered business needs to report details of their outward supplies — that is, sales of goods or services. This includes... 08-Jul-2025
CA Kapil Sachdev GSTR 2B What is Form GSTR-2B? Form GSTR-2B is a purchase-related statement that gets auto-generated for taxpayers. It contains details of inward supplies (purchases) received by the taxpayer, based on the dat... 08-Jul-2025
CA Kapil Sachdev Annual Return What is Form GSTR-9? Form GSTR-9 is the Annual GST Return that every registered taxpayer (except a few categories) must file. It summarizes all the sales, purchases, tax paid, and input tax credit cla... 07-Jul-2025
