👉The Good and Service Tax Network (GSTN) has released the procedure for generating Challan without logging in to the Goods and Service Tax (GST) Portal. 👉In order to generate Challan without logging in to the GST Portal visit www.gst.gov.in, then navigate to services, then select payment and click on Create Challan Option, in GSTN or …
Know How to Generate Challan without Logging in the GST Portal* Read More »
Company Registration Partnership Firm Registration LLP Registration Private Limited and Limited Company Registration One Person Company Registration Import Export Code Registration Trademark Registration Shops and Establishment MSME Registration Internal Audit, Statutory Audit, Tax Audit, GST Audit Services ROC Filing and Companies Act Compliances. GST Registration, Return Filing and Scrutiny matters Income tax Return Filing, Assessment …
Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4. 🌱 Background: Since FY 2019-20, composition taxpayers has to pay the liability through Form GST CMP-08 on quarterly basis while GSTR-4 Return is required to be filed on …
🛡️ Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4. Read More »
The government has deferred by three months till July 1 the requirement of printing dynamic QR code on B2C (business-to-consumer) invoices generated by businesses. Quick response code or QR code help users verify the details in the digitally signed e-invoice. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) waived the amount …
PRINTING OF DYNAMIC QR CODE ON B2C INVOICES DEFERRED TILL JULY 1 | BUSINESS STANDARD Read More »
🚨 A GST taxpayer is required to keep the following in mind at the beginning of the FY 2021-22. 👉 1. The functionality to opt for composition scheme has been made available for FY 2021-22 in the dashboard of taxpayers at GST Common Portal. The eligible taxpayers, who wish to avail the composition scheme from …
🌺 8 Important things to do before the new Financial Year begins (F.Y. 2021-22) Read More »
The Goods and Service Tax Network (GSTN) has enabled the new feature to select Core Business Activity enabled on GST Portal. ♻️ Meaning Of Manufacturer A manufacturer is a registered person produces new products from raw materials and components using tools, equipment’s and machines and then sells them to the consumers, wholesalers,distributors, retailers or to …
GST officers will immediately suspend registration of taxpayers whose sales return or GSTR-1 forms show “significant differences or anomalies” from the return filed by their suppliers, a move aimed at curbing tax evasion and safeguarding revenues. The Central Board of Indirect Taxes and Customs (CBIC) has issued a Standard Operating Procedure (SOP) for suspension of …
1. Exporter liable for penalty equal to 500% of refund claimed if Input taken on invoice obtained by fraud, collusion, wilful misstatement 2. Input Tax credit can be availed when supplier furnished the details of invoice in GSTR-1 and such details communicated to recipient (as shown in GSTR-2A/2B) 3. GST audit shall be omitted 4. GST Annual return may …
GST imp amendments proposed in Budget 2021-Brief Read More »
Agenda Item 5A(vi): Filing of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) 1) A lot of negative feedback was received regarding filing of annual return and reconciliation statement for FY 2017-18. Most of the feedback is on working of the IT portal. 2) Due date for filing Annual Return and Reconciliation statement for 2017-18 was …
Reason for Removal of GST Audit as per Extract of GST Council Minutes pg no. 133. Read More »
New provisions of Tax & Corporate Laws applicable w.e.f April1, 2019 As we are heading towards the beginning of a new financial year, i.e., Financial Year 2019-20, it’s important to know about the provisions of law applicable from April 1, 2019. The Government had made various changes under Income-tax law, GST and Corporate laws which …
New provisions of Tax & Corporate Laws applicable w.e.f April1, 2019 Read More »
