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333rd Issue: 16th January 2022- 22nd January 2022

EDITORIAL As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B. This functionality will arrive at the system computed interest on the basis of the tax liability values

332nd Issue: 9th January 2022- 15th January 2022

The Harmonized System of Nomenclature or HSN is an internal system of naming goods. Conceptualized by the World Customs Organisation, the main purpose of HSN is to classify goods in a systematic and logical manner. This brings in a uniform classification of goods and facilitates

331st Issue: 2nd January 2022- 8th January 2022

The 46th GST Council meeting, chaired by Hon’ble Finance Minister and comprising state FMs, was held on December 31, 2021, with a single agenda to consider Gujarat’s demand of putting the rate hike on textiles decision on hold, as also representations received from trade in

Jan’22 GST Return Legal Changes and Precautions

There are many amendments proposed from 1st January 2022. Among them, the most crucial two which would impact all taxpayers are related to the legal changes for availing ITC and filing GSTR-1 and GSTR-3B which have been notified vide Notification No 39/2021-Central Tax dated 21st


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