Apart from these, there have been new GST changes including an advisory on opting for payment of tax under the forward charge mechanism by a Goods Transport Agency (GTA) is released. Read all the latest GST news updates here: Top GST News of the month. Now, let us look at GST due dat...
Learn how to pay GST online with our step-by-step guide. Understand GST payment rules and processes to ensure smooth and compliant transactions.
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...
The GSTN department has enabled the GST payment facility in Punjab and Uttarakhand. View More Also, it added a new TMB bank to the list. View More GSTN new advisory for entry of RR No./Parcel Way Bill (PWB) numbers after the integration of E-Way Bill (EWB) with Parcel Management ...
The GST Network (GSTN) has introduced UPI and credit/debit card payment options in partnership with Axis Bank and Karnataka Bank to streamline and enhance the payment process. The latest GSTR-8 advisory has revised the existing tax rate, reducing it from 1% to 0.5%. A new advisory issued ...
This is a summary return with details of net tax liability based on the output & input tax. Due date of this return is 20th of every month. #3. GSTR 4 A business who opt for composition scheme and needs to pay to subsidize GST rates from 1% to 5% & file this quarterly return. #...
Calculating the net price of a product or service by adding GST Removing GST from a price that includes GST 1. In the case of GST addition You must use the following GST formula to add GST to the price of the product or service: Product price + applicable GST = final price (Price x...
These documents are submitted online through the GST portal and are used by tax authorities to calculate the net tax liability of a business. Before filing, it is important to choose the correct form for your GST return. Some common forms include GSTR-1, GSTR-2A, GSTR-3B, and GSTR-4...
Application for revocation cannot be filed if the registration has been cancelled because of the failure to file returns. Such returns must be furnished first along with payment of all dues amounts of tax, interest & penalty. 2Cancellation by the Jurisdictional Officer on an application filed by...
This shall be reported net of credit notes, debit notes and amendments if any. C. Zero-rated supplies without payment of tax: Value of zero-rated supplies (including supplies to SEZs) on which tax is not paid shall be declared here. This shall be reported net of credit notes, debit ...