Suvit

✨ 𝗛𝗮𝗽𝗽𝘆 𝗗𝗶𝘄𝗮𝗹𝗶 𝗳𝗿𝗼𝗺 𝗼𝘂𝗿 𝗳𝗮𝗺𝗶𝗹𝘆 𝘁𝗼 𝘆𝗼𝘂𝗿𝘀! ✨ This Diwali, let’s brighten not just our homes, but our workplaces with simplicity and efficiency! Here’s to a Diwali that brings growth, productivity, and a little extra free time to all. 🪔💫 #HappyDiwali #SuvitDiwali #Diwali2024 #DiwaliCelebration

✨ 𝗗𝗶𝘄𝗮𝗹𝗶 𝗮𝘁 𝗦𝘂𝘃𝗶𝘁 𝘄𝗮𝘀 𝗻𝗼𝘁𝗵𝗶𝗻𝗴 𝘀𝗵𝗼𝗿𝘁 𝗼𝗳 𝗺𝗮𝗴𝗶𝗰𝗮𝗹! 𝗔 𝗺𝗲𝗺𝗼𝗿𝘆 𝗳𝗼𝗿 𝗮 𝗹𝗶𝗳𝗲𝘁𝗶𝗺𝗲.✨ Our office came alive with vibrant rangolis, glowing diyas🪔, and the warmth of togetherness as we celebrated the festival of lights with our Suvit family. From traditional attire to delicious sweets, every moment was filled with laughter, joy, and memories. 😊 Diwali isn’t just about diyas and lights; it’s about the bright connections we build, the joy we share, and the renewed purpose we find within ourselves and each other. Celebrating with our team brings that sense of family, a reminder that together, we can illuminate even the darkest days. Moments like these make us all proud to be part of something bigger – a family that not only works together but celebrates together.🎉 Here’s to more memories, more laughter, and more celebrations. Wishing everyone a Diwali filled with light, positivity, and love! 🪔✨ #DiwaliCelebration #SuvitFamily #FestivalOfLights #TeamSpirit #Grateful #Positivity #Memories #Diwali2024 #HappyDiwali

🚨 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗚𝗦𝗧 𝗨𝗽𝗱𝗮𝘁𝗲 🚨 𝗕𝗮𝗿𝗿𝗶𝗻𝗴 𝗚𝗦𝗧 𝗥𝗲𝘁𝘂𝗿𝗻 𝗼𝗻 𝗘𝘅𝗽𝗶𝗿𝘆 𝗼𝗳 𝗧𝗵𝗿𝗲𝗲 𝗬𝗲𝗮𝗿𝘀 As per the Finance Act, 2023, starting from next year, taxpayers will not be able to file GST returns after three years from the due date of submission for specific returns. This includes GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, and GSTR-9 under Sections 37, 39, 44, and 52. 🚨 If you haven’t filed your returns for any pending periods, now is the time to reconcile your records and submit your filings!⏰ Stay updated stay compliant. #GST #GSTR #Advisory #Returnfiling #DueDate #AIinAccounting #Suvit #GSTUpdate #Compliance

🚨𝗕𝗶𝗼𝗺𝗲𝘁𝗿𝗶𝗰-𝗯𝗮𝘀𝗲𝗱 𝗔𝗮𝗱𝗵𝗮𝗮𝗿 𝗔𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝗱 𝗳𝗼𝗿 𝗚𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻! 🚨 The State GST Department has introduced biometric-based Aadhaar authentication and document verification for Goods and Services Tax (GST) registration, starting October 8th. This step aims to prevent tax fraud cases, where government IDs, like Aadhaar and PAN, have been misused to create fake GST registrations across India. 𝗪𝗵𝗮𝘁'𝘀 𝘆𝗼𝘂𝗿 𝘃𝗶𝗲𝘄 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗻𝗲𝘄 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗺𝗲𝗮𝘀𝘂𝗿𝗲? #GST #Aadhaar #Fraud #TaxUpdates #India #AadhaarAuthentication #AadhaarCard #GSTRegistrations

💡𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗜𝗧𝗖 𝗥𝗲𝘃𝗲𝗿𝘀𝗮𝗹 𝘂𝗻𝗱𝗲𝗿 𝗥𝘂𝗹𝗲 𝟰𝟮 𝗼𝗳 𝗖𝗚𝗦𝗧 𝗥𝘂𝗹𝗲𝘀💡 If your business uses goods or services for taxable and non-taxable stuff (like exempt sale or personal use), you need to pay back a part of the ITC (Input Tax Credit) you've claimed. 📊 This is to make sure that you're only claiming ITC on the GST paid for taxable supplies. It's like making sure you're not taking more than your fair share. This is important because it helps you stay on the right side of the law and avoid paying too much or too little tax. 💼 The reversal is calculated proportionally based on how much of your inputs are used for taxable vs. exempt supplies. This makes sure you're paying the right amount of tax legally. By knowing this, you can better manage your taxes and claim only what you’re entitled to! Are you sure your ITC claims are fully compliant? Share your thoughts in the comments! 👇 #GSTCompliance #ITCReversal #CGSTRules #TaxTips #Suvit #BusinessTaxes #AccountingAutomation #TaxManagement #GST #ITC

🚨 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 𝗳𝗼𝗿 𝗠𝗲𝘁𝗮𝗹 𝗦𝗰𝗿𝗮𝗽 𝗕𝘂𝘆𝗲𝗿𝘀 🚨 GSTN has rolled out a new update to facilitate registration compliance for metal scrap buyers. Here's what you need to know: 📝 Step 1: Select "Others" in Part B, Table 2 under the "Constitution of Business" section in form GST REG-07. 📝 Step 2: A text box will appear, where you must enter “Metal Scrap Dealers.” ⚠️ This is a mandatory step for those selecting the "Others" option. Once done, complete and submit the form on the common portal to ensure compliance with Notification No. 25/2024 - Central Tax, issued on October 9, 2024. 💡Details for the above are as under: #GSTUpdate #MetalScrapDealers #TaxCompliance #GSTPortal #GSTN #GST

🌟 𝗚𝗦𝗧 𝗼𝗻 𝗛𝗲𝗮𝗹𝘁𝗵 𝗖𝗮𝗿𝗲: 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂 𝗦𝗵𝗼𝘂𝗹𝗱 𝗞𝗻𝗼𝘄! 🏥💰 Health care is something we all need, but do you know how GST impacts your medical expenses? 🤔 Well here's some good news: many healthcare services are free from GST 🙌. But, certain services still come under GST, like cosmetic and plastic surgeries, bandages, dressings, and more. Curious to know more about which health services are GST-free and which are not? Our blog has all the answers! 💡 Get the full picture to make smarter decisions about your medical bills! 💊💡Read the full blog here: https://lnkd.in/dDsyYxZ9 #GSTonHealthcare #HealthTips #MedicalBills #HealthCareMatters #Suvit #AIinAccounting #GST

𝗚𝗦𝗧 𝗔𝗺𝗻𝗲𝘀𝘁𝘆 𝗦𝗰𝗵𝗲𝗺𝗲 – 𝗛𝗲𝗹𝗽𝗳𝘂𝗹 𝗼𝗿 𝗡𝗼𝘁? 🤔 🔍 The GST Amnesty Scheme has been reintroduced. It offers relief to taxpayers with pending returns by waiving late fees for non-filers. 𝗪𝗵𝗮𝘁 𝗱𝗼 𝘆𝗼𝘂 𝘁𝗵𝗶𝗻𝗸 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗶𝘀? #GST #GSTAmnestyScheme #Taxpayers #Return 

We’re excited to share the amazing time we had at the AIFTP event "𝗚𝘆𝗮𝗻𝘃𝗮𝗿𝗱𝗵𝗮𝗻𝗮𝗺" in Surat on October 14th! 🤩 It was a fantastic opportunity for us to showcase how Suvit's innovative solutions can make life easier for tax professionals. 💻 Our team enjoyed meeting everyone and giving personalized demos at our booth – the positive feedback truly energized us! 😁 We were honored to have special guests like CA VANDANA DODHIA LLB.Gen,DISA(ICAI), CA AANCHAL KAPOOR and CA Piyush Chandak Nsk, whose presence made the event even more memorable. 🌟 We’re proud to be leading the way in helping tax professionals simplify their work and cut down hours of manual tasks. Suvit's tools are here to take the load off and bring efficiency to the forefront. 💡💪 To everyone who stopped by our booth and connected with us, thank you! We can’t wait to see you at the next event and continue our mission to transform the accounting industry. 🚀 Check out some of the event’s highlights in the photos below! 📸 Nishtha Arora Swapnil Singh Khyati Sonigra #TaxProfessional #Taxation #Suvit #Tax #TaxIndustry #AIFTP #Automation #AIinAutomation #Gyanvardhanam #TaxAdvocatesAssociation #TaxPractionersAssociation #BarodaTaxBarAssociation #AllGujaratFederationofTaxConsultants #GujaratStateTaxBarAssociation #SouthernGujaratCommercialTaxBarAssociation

𝗥𝗲𝗰𝗲𝗶𝘃𝗲𝗱 𝗮 𝗚𝗦𝗧 𝗡𝗼𝘁𝗶𝗰𝗲.... 𝗗𝗼𝗻’𝘁 𝗽𝗮𝗻𝗶𝗰. 𝗪𝗲 𝗵𝗮𝘃𝗲 𝗴𝗼𝘁 𝘆𝗼𝘂 𝗰𝗼𝘃𝗲𝗿𝗲𝗱!✅ These notices are a common concern in businesses. These can be issued for multiple reasons: -Discrepancies in GST filings ❌ -Late filing⏰ -Incorrect payment of taxes 💰 -Non-filing of GST returns, and many more. Some of these can be avoided and some can even be responded to. 𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗵𝗼𝘄? Head over to our blog where we break down the top reasons businesses receive GST notices, from filing discrepancies to missed deadlines, and how to avoid or respond to them.  🧐𝗥𝗲𝗮𝗱 𝗵𝗲𝗿𝗲: https://lnkd.in/gmRV8WXe #GST #GSTNotices #Tax #AIinAutomation #LateFiling