Tax Guru

GSTR-1 vs GSTR-3B: What’s the Difference and Which One Do You File First?

The issue concerns confusion regarding the purpose and sequencing of GSTR-1 and GSTR-3B filings. The key takeaway is that GSTR-1 should be filed first to ensure proper ITC flow and avoid ...
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Facing GSTR-3B filing issues despite no late invoice reporting? GSTN acknowledges problem and suggests interim workaround

If you are a regular goods and services tax (GST) registered taxpayer, you have to file your GSTR-3B monthly return along with the invoices for the applicable tax period. But, if you end up reporting ...
Tax Guru

GST Late Fee: Penalty Calculation & and How to Avoid

Missing GST return deadlines triggers late fees under Section 47 and interest under Section 50, both calculated separately. Understanding the applicable rates, caps, and filing sequence can help ...