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 GST
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 GST
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 GST
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 GST
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 GST
CA Kapil Sachdev Advance Tax What is Advance Tax? Advance Tax means paying tax in parts before the financial year ends, instead of waiting till you file your income tax return. That’s why it’s also called the “Pay as You Earn” sc... 08-Jul-2025 Income Tax
CA Kapil Sachdev Presumptive Taxation for Business What is Presumptive Taxation Under Section 44AD? Presumptive taxation is a simple tax scheme for small businesses. Instead of maintaining detailed books and accounts, eligible businesses can declare i... 08-Jul-2025 Income Tax
CA Kapil Sachdev Presumptive Taxation for Professsionals What is Section 44ADA? Section 44ADA is a simplified tax scheme for certain professionals like doctors, lawyers, architects, and consultants. Instead of maintaining detailed books and calculating ever... 08-Jul-2025 Income Tax
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 GST
CA Kapil Sachdev Accounts and Records What are the accounts and records under GST? As per GST law, every registered business must maintain proper and accurate records of its business activities at its main office (as mentioned in the GST ... 07-Jul-2025 GST
CA Kapil Sachdev Income Tax Return Do I Need to File My ITR? If you’re an individual or HUF, you must file your Income Tax Return (ITR) if any of the following conditions apply. Income Above the Basic Exemption Limit? Yes, you must fil... 07-Jul-2025 Income Tax
CA Kapil Sachdev Documents under GST What are the documents under GST required to issue? Under GST law, registered businesses need to issue different documents for different situations. For example, a tax invoice is issued when selling t... 04-Jul-2025 GST
