Quarterly business activity statements should be filed at the end of a financial quarter by the 28th day of the following month. Watch our guide on how to prepare and lodge BAS on QuickBooks on how to report GST.Accounting For GST When you complete a sale over $82.50, including GST, ...
The Goods and Services tax (GST) has been specified as one of most important tax reforms post-independence. It is a tax trigger, which will lead to business transformation for all important industries. In this article, we will discuss on Impact of GST on Accounting & Financial Statements. Im...
In ITR-4 return, assessee needs to disclose in financial statements the information available as on 31 march of year.It is also mandatory to disclose details of inventories, Debtors, Cash in hand and Creditors. Blocked Credits (ITC) under GST - Section 17(5) A registered person is not ...
Account for GST in your financial records Your business must account for GST in its records so the ATO can see how much you’ve paid on purchases, and how much your customers have paid you. You first need to choose a suitable accounting method for your GST, and work out how to keep...
Disclaimer: Information provided in this article is of a general nature and does not consider your personal situation. It does not constitute legal, financial, or other professional advice and should not be relied upon as a statement of law, policy or advice. You should consider whether this in...
The GSTN department has enabled new functionalities for enhancing address-related fields in GST registration. View more The GSTN department has introduced new features to allow taxpayers to track their return filing status financial year-wise. View more 03rd July 2024 Now, taxpayers can find inform...
Ch 11. Technology in Accounting Ch 12. Double-Entry Accounting Overview What Is Double-Entry Accounting? - Basics & Examples 6:45 Account Adjustments: Types, Purpose & Their Link to Financial Statements 9:00 In and Out Stock & Stock Card | Overview, Creation & Importance 4:04 GST Clea...
In the first full financial year of operation its net revenue from car sales was $4.39 million. It had a sales office at the premises. It also sold cars online. The taxpayer marketed the museum as a tourist attraction through its website and in social media; it was said to be a ...
It is basically a reconciliation statement between the annual returns filed in GSTR-9 and the taxpayer’s audited annual financial statements. Continue reading“GSTR 9C” Author Pinky TyagiPosted on January 13, 2020Categories GST, ReturnsLeave a comment on GSTR 9C Rate of GST applicable on...
Access up-to-date financial reports, including balance sheets, cash flow statements, and profit and loss statements, and even create your own customised report. Track tax payable and owing, cash inflows, and outflows. Every business is different, so customise your reports to see the data that...