GSTR 2 To be updated Regular Dealers Inward Supplies (Purchase) GSTR 2A – Inward supply reconciliation in Form GSTR-1 by the supplier to business GSTR 3 To be updated Regular Dealers Monthly Return GSTR 3A – Notice of failure of returns furnishing to the registered taxpayer GSTR 3B 20th...
Bills of Entry relating to Import [only purchase transactions] (The information given here is valid only after introduction of GST likely to be in 2016 and also subjected to changes by GST law drafting committee and other concerned authorities) (i) Bill of Entry Number, Date and value (ii) ...
High Court remands back matter relating to levy of GST on transfer/assignment of Leasehold rights directing Department to consider Gujarat HC Judgment Bimal Jain30 January 2025 at 10:27 The Hon'ble Bombay High Court in the case of Panacea Biotec Limited Vs Union of India & Ors [Writ Petition...
The case involved the imposition of luxury car tax and GST and the characterisation of the taxpayer’s “purpose” in displaying a number of luxury motor vehicles in a “car museum” in circumstances where each of the vehicles was available for sale and was, in fact, sold. Were the vehicle...
Various industry experts are commenting in support of the sector while also mentioning the government aspect of making no stone unturned in the case of tax evasion. There will be anapproximately 400 crores of capitalwhich might get stuck within the parameters of GST and may cause harm to the ...
For an Import Vendor, GST is not correctly calculated when Foreign Exchange rate of payment is different from Invoice. C/AL error while creating a sales order for a customer with Credit Limit In case of transfer receipt with non-availment system is ...
See what customers and accountants have to say about QuickBooks Online. Wai Hong Fong CEO of Storehub Sdn Bhd Stella Chartered Accountant at QB Services Sdn Bhd CT Chee Chartered Accountant at AccPro Group Anfaal Saari CEO of Brotherhood Arts...
Reversal of Advance Receipt Transactions posted through Purchase DocumentsCredit availed : The net credit from below sources is shown in Credit Availed for Settlement.Detailed GST Ledger entry: Credit from transactions mentioned below, having credit availed marked as true in 'Detail GST Ledger Entr...
A sales tax is imposed on selling goods and services at the point of purchase. The rate of the tax may vary depending on the jurisdiction and the type of product or service being sold. How Sales Tax Is Applied: The price of a product is added to the sales tax when you buy it. If...
a local sales tax. In Canada, for example, the federal government levies a 5% tax and some provinces alsolevya provincial sales tax (PST), which varies from 8% to 10%.45In this case, a consumer's receipt will clearly have the GST and PST rate that was applied to their purchase ...