Ankit Pathak

Ankit Pathak added blog News
2025-01-15 13:50:36 - Translate -

Navigating the Duty Drawback Scheme for Export: Everything You Need to Know
The Duty Drawback Scheme can be an excellent opportunity for exporters to save on costs and improve profitability. However, navigating this program requires an understanding of the rules, procedures, and necessary documentation. Here's everything you need to know about how to navigate the Duty Drawback Scheme effectively: 1. What is the Duty Drawback Scheme? The Duty Drawback Scheme is a...

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Ankit Pathak added blog News
2024-12-11 12:12:57 - Translate -

How to Avoid Refund Claim Rejections When Output Tax Is Lower
One of the biggest hurdles businesses face while claiming a GST refund is having their claim rejected. If your output tax is lower than input tax, you may be entitled to a refund, but improper filing or missing documents can result in rejection. Also Read: GST Refund Claim Process Here’s how to avoid refund claim rejections when output tax is lower than input tax:...

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Ankit Pathak added blog Other
2024-12-06 07:37:15 - Translate -

Steps to Claim GST Refund for Exports Under Inverted Duty Structure
Under the Goods and Services Tax (GST) system, businesses often face challenges when the Inverted Duty Structure (IDS) comes into play. This occurs when the GST rate on inputs is higher than the GST rate on output goods or services. For exporters, this can create a situation where they accumulate excess Input Tax Credit (ITC), which they cannot utilize directly, as exports are zero-rated under...

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Ankit Pathak added blog Home
2024-12-03 09:01:11 - Translate -

How to File GSTR 1, GSTR 2B, and GSTR 6: A Step-by-Step Guide
Introduction to GSTR Filing For businesses registered under GST, filing returns is mandatory to report their sales, purchases, and taxes paid. While there are various forms under GST, GSTR 1, GSTR 2B, and GSTR 6 are among the most commonly used by businesses. Each form serves a specific purpose and plays a crucial role in ensuring the correct reporting of tax details. Also Read: GST...

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Ankit Pathak updated the profile picture
2024-10-28 09:38:21 - Translate -

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