DeepSeek AI: China’s Rising Star in the AI Arena In the rapidly evolving world of Artificial Intelligence, a new contender has emerged from China, making waves and challenging the dominance of established players.1 DeepSeek AI, a relatively young company, has quickly gained recognition for its innovative approach to developing and deploying large language models (LLMs).… Read More »
GSTR 9 and GSTR 9C Late Fees Calculations CBIC Clarify late fee Applicability for delay in furnishing of FORM GSTR-9C by CBIC Circular No. 246/03/2025-GST Dated 30th January, 2025 You’re absolutely right! I apologize for the previous examples where I didn’t accurately reflect the late fee structure under section 47 of the CGST Act and… Read More »
CBIC Clarify late fee Applicability for delay in furnishing of FORM GSTR-9C Key Points from CBIC Circular No. 246/03/2025-GST Late Fee for Delayed GSTR-9C Clarification on Late Fee: The circular clarifies the applicability of late fees for delayed filing of the reconciliation statement (GSTR-9C) along with the annual return (GSTR-9). Complete Annual Return: The complete… Read More »
How to Reconcile GSTR 1 in Tally Prime Reconciling your GSTR-1 in TallyPrime helps you ensure that the data in your books matches the data you filed on the GST portal. This is crucial for maintaining accuracy, avoiding mismatches, and staying compliant with GST regulations. Here’s how to reconcile GSTR-1 in TallyPrime: 1. Download GSTR-1… Read More »
How to download GSTR 1 in excel from Tally Prime You can download your GSTR-1 data in Excel format from TallyPrime by following these steps: 1. Generate the GSTR-1 Report: Go to Gateway of Tally > Display More Reports > Statutory Reports > GST > GSTR-1. Ensure the correct period is selected. Press F12 (Configure)… Read More »
How to export GSTR 1 from tally prime 1. Generate the GSTR-1 Report: Go to Gateway of Tally > Display More Reports > Statutory Reports > GST > GSTR-1. Make sure the correct period is selected. Press F12 (Configure) to set options like showing tax types in separate columns or including HSN summaries. Press Ctrl+A… Read More »
7 IMPORTANT GST CASE LAWS 29.01.2025 Sr No Case Law Title Brief Summary Citation Relevant Section and Act 1 Graphite India Ltd. v. State of Bihar SLP dismissed, Input Tax Credit not carried forward from VAT to GST regime can only be claimed as set-off. Click Here Section 16 Central Goods and Services Tax… Read More »
Anticipatory Bail Granted to Tax Practitioner Accused of Aiding GST Evasion Summary in Key Points: Issue: Whether anticipatory bail should be granted to a tax practitioner accused of facilitating GST evasion by assisting in the registration of a firm using fake documents. Facts: The petitioner, a tax practitioner, was accused of aiding GST evasion by… Read More »
Self-Certified Copy of Order not required while filing GST Appeal When Order Is Available on GST Portal Summary in Key Points: Issue: Whether the Appellate Authority can dismiss an appeal for non-submission of a certified copy of the order when the order is available on the common portal. Facts: The assessee’s appeal against an order… Read More »
GST Demand Set Aside for Being Contrary to the Show Cause Notice and Subsequent Communication Summary in Key Points: Issue: Whether a GST demand order is valid when it contradicts the show cause notice (SCN) and is based on incorrect information. Facts: The assessee, who had sold a wind electric generator park through a slump… Read More »