E-invoicing under GST streamlines B2B transactions for GST-registered businesses. Learn more about e-invoicing and e-invoice applicability. Article By Business Tips How to Start an Export Business in India Before you start an export business, you'll need a bank account, IEC, RCMC amongst nece...
Form GSTR 9: Categories, Applicability, Parts & Sub-Parts, Preparation, & Filing Table 4 and 5 of Form GSTR-9 Explained: 10 Step Guide to Outward Supply Form GST DRC-01A: A Crucial Step in GST Dispute Resolution Now, let us look at GST due dates for January 2025. Here is a compre...
E-invoicing under GST streamlines B2B transactions for GST-registered businesses. Learn more about e-invoicing and e-invoice applicability.
After selection of one of those options, raise the invoice on thebilling softwareorERP software. Later on, upload the invoice details in the fields marked mandatory via GST service provider or ASP, or using JSON file. The IRP will be serving as a central registrar for authentication and e-i...
TDS under GST is a method of collecting tax at the source of payment. The applicability of TDS under GST covers various scenarios, including certain government transactions and other specified areas. The responsibility of deducting TDS lies with the payer, who must deduct the tax at a prescribed...
As a result, since the data is sent directly from the IRP to the GST site, it eliminates manual data entry for filing GSTR-1 returns and creating part-A of the e-way invoices. Who must generate the GST e-invoice and it’s Applicability? Based on their annual revenue and industry ...
Applicability of deemed value on FLDG arrangements First Loss Default Guarantee or FLDGs[3] are arrangements that do not involve the borrower, the guarantee is usually given by the supplier (i.e., the DLG provider) to the lender. As such, unlike guarantee which is a tripartite contract betw...
Also Read:GST-Definitions, Terms, and Applicability, for a hassle-free compliance Schedule of GST Rates for Services There are five different tariffs for services within GST, all of which you can categorise inside the GST rates manual for services. These are the details: ...
Question No. 111:I have paid 5% GST on reverse charge basis for receipt of GTA service. Can I claim credit for GST paid? Answer:Yes, its credit can be claimed. Question No. 112:Date of applicability of TDS provision under GST regime?
When a transaction involves the providing of a service, the concerned individual must verify the SAC Code to see if it refers to the service. Service Accounting Codes, or SAC Codes, are used to classify all services under GST. Step 2: Determine Applicability After determining the GST rate, ...