The HSN code under GST needs to be furnished based on the turnover limit of the dealer during the previous financial year. Therefore, Tally.ERP 9 does not forcefully copy the HSN code on activating GST for your existing data. 2.How to enter HSN code in multiple companies each having the...
2. What is the amount limit to claim the refund? The maximum refund for an excessGST paymentis ₹1000. Refunds cannot be claimed for amounts below this. For excess payments over ₹2 Lacs, a Chartered Accountant (CA) must verify the amount, and a CA certificate must be included with ...
What is the GST exemption limit for export of services? GST treats exports of commodities or services as interstate supplies. Therefore, Section 24 of the CGST Act of 2017 mandates that all exporters of products register for GST. However, if a service exporter's annual turnover is less than...
BUSINESS TO BUSINESS COMPULSORY E INVOICE REQUIRED NO TURNOVER LIMIT. Reply SAG Infotech December 30, 2019 at 4:29 pm Minimum 100 cr turnover required for compulsory B2B E-Invoice which is applicable from 1st April 2020 but from 1st January 2020, you can create E-Invoice on trial basis....
However, under GST, the turnover limit has been lowered to Rs 20 lakh, thus increasing the tax burden for many manufacturing startups. This change has posed some challenges for startups, as they have to adjust to the new tax regime and comply with the GST rules and regulations. ...
For a person required to pay GST under reverse charge mechanism, it is mandatory for him to be registered under GST and is exempted from the threshold limit of Rs. 40 lakh (Rs. 20 lakh for special category states except for J & K) is not applicable to them. ...
(4) the study was based on published data rather than individual patient data, which may limit the ability to control for potential confounding factors. The present systematic review and meta-analysis included four strengths: (1) the study included a comprehensive analysis of 107 full-text ...
15. RCM applicable without any exemption limit wef 01-02-2019 for a class of registered persons in respect of supply of specified categories of goods or services or both received from an unregistered supplier as per Notification No.01/2019 – Central Tax (Rate) and amended section 9(4) of...
Companies with revenue that exceeds the qualifying limit Persons who enrolled before the implementation of the GST law GST Returns A GST return is documentation that a user has to file with the government that provides details about their earnings. They use this detail to calculate the tax burden...
ITCs you did not claim before you started using the Simplified Method, as long as the time limit for claiming them has not expired; ITCs for the GST/HST you paid or owe on real property purchases. See "Claiming ITCs" to find out the ITC you can claim for real property purchases; and...