Form DRC-03A: Purpose, Appropriation of Payment and Filing Process CBIC Clarifies Wavier of Interest and Penalty under CGST Act RCM Time of Supply Rule Changes Effective from November 1 Now, let us look at GST due dates for December 2024. Here is a comprehensive image of our December GST Du...
The GSTN department has issued a significant advisory regarding the automatic population of eligible input tax credit (ITC) for domestic supplies in GSTR-9/9C. Starting October 14, 2024, the Invoice Management System (IMS) will be available for GST taxpayers. Taxpayers should note that the GST...
GSTN Updates UPI and Credit/Debit Cards Payment Method with Axis and Karnataka Bank to increase its payment process. Read More 05th August 2024 The new GSTR-8 advisory reduces the current rate from 1% to 0.5%. View more 02nd August 2024 The new advisory pertains to Jammu & Kashmir and...
No GST will be levied if your credit card fee is waived. Are late payment and finance charges subject to GST? Late payment and finance charges (monthly interest) are exempt from GST. Are cash advance fees subject to GST? No, they are exempt from GST.Remittances...
6. Choose a payment method After filling in the challan details, choose a payment method. GST payments online can be made through various modes, such as Net Banking, Debit/Credit Cards, etc., or over-the-counter at authorised banks. 7. Make the payment If you pay GST online, you will...
Receipt of Goods/Services:The goods or services for which input tax credit is claimed must have been received, aligning with Section 16(2)(b). Tax Payment by Vendor:The vendor who charged the tax must have paid this tax to the government. ...
Due Dates GST Challan Payment if no sufficient ITC for Apr 2025 (for all Quarterly Filers) Due Date:25-May-2025 Form 11 for FY 2024-25 for LLP's Due Date:30-May-2025 TDS Payment in Form 26QB (Property), 26QC (Rent), 26QD (Contractor Payments), 26QE (Crypto Assets) for Apr 202...
There are two ways to pay GST: Payment through Cash Ledger and Payment through Credit Ledger. Payment through Cash Ledger Online and offline GST payments are both possible. In order to pay for GST using any of the methods, the challan must be generated via the GST Portal. In cases where ...
exmpted from service tax. Now after implementation of GST, that services are having 18% GST. resulting my government authority asked to deposit GST @ 18% after july 17. Now i do not have such huge profit margin . whether i could avail benifits of section 171 for tax payment by ...
As per theGST law, the late interest rate is 18 percent per annum, which is charged on the total amount of tax. And the time period is calculated from the next day of the missed deadline until the date of actual payment. In addition to interest, taxpayers also need to pay the late ...