Most finance teams reconcile GSTR-2B to GSTR-3B and call it done. That is the wrong reconciliation, and with the Invoice Management System now mandatory it fails earlier and costs more.
Reassessment now runs under two statutes at once. This sets out how to identify which one your notice sits under, how to test whether it is valid, and what to do in the first week.
The MSME payment rule turned supplier terms into a tax question. Most payables ledgers still cannot answer it, because they hold no field for the one attribute that decides the outcome.
The obligation people think has a threshold has none, and the one they ignore starts at one crore. Here is what applies at each tier, and what changed when the new Act came into force.
Tell us the position you are in. We will tell you what the work involves, what it costs and how long it takes, in writing, before anything begins.
