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 ... 10-Oct-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... 10-Oct-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... 10-Oct-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-Oct-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-Oct-2025 GST
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... 10-Oct-2025 GST
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... 10-Oct-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.... 10-Oct-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... 10-Oct-2025
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 ... 10-Oct-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... 10-Oct-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 ... 10-Oct-2025
