To deduct TDS, you would need the vendor's PAN number. However, non-residents can apply for a PAN number in India.Determine the nature of services provided and whether they're taxable in India. Saurabh Bhatia (Querist) Follow 07 November 2024 thank you so much for your response. ...
Authenticity Assurance: GSTIN is public information, and ensuring the vendor's authenticity is vital. Verification confirms the legitimacy of the GST number and the vendor's identity. PAN Matching: One quick check involves matching the vendor's PAN (Permanent Account Number) with the digits between...
Vendor Payments Add, track and clear invoices in just a few clicks.Know More What is GSTIN? GSTIN, short form for Goods and Services Tax Identification number, is a unique 15-digit number provided by the government to any registered person or business entities under the Goods and Services ...
Also, the rising number of fines being imposed on businesses due to incorrect ITC claims is alarming. In this regard, we have our blog on Unlocking Success in ITC Litigation: Key Challenges and Solutions Explored. You can give it a read incase of any doubts. Also, non-compliant and irregul...
My vendor has issued a bill for which I can not claim ITC. How should I record this bill in Zoho Books? What is the purpose of the e-Commerce Operator field in invoices? While creating transactions in the tax column, I could see a type called Out of Scope. When do I need to selec...
Apart from this, the team has been diligently helping us with GSTR 2A reconciliation with our purchase data to monitor our vendor compliance. With this, we are able to maximize our ITC and the process has been seamless. `` Parag Parekh General Manager Accounts & Finance, Parekh Group ``We...
you have to take GST registration regardless of your turnover. 3. If you are operating or managing digital platform (websites) for e-commerce (online business). Eg: Snapdeal, flipkart, paytm. 4. If you’re a vendor selling through ecommerce portal or websites. 5. Any person supplying ...
With Go GST Bill You Can Add Your Customer Or Vendor With Just 1 Click No need to fill out the long form to add custom & vendor, With our free GST software you just have to enter the GST number of your customer or vendor and it will fetch all details automatically.Why You Should Us...
For each legal entity, warehouse, vendor, and customer, you can enter a GSTIN. For each legal entity and warehouse, you can select the GST reference number sequence group. Legal entities:Go toOrganization administration>Organizations>Legal entities. On theAddressesFastTab, selectMore options>Advance...
Set up GST TDS Scenario: GST TDS on payment to a vendor transaction Goods and Services Tax (GST) Tax Deducted at Source (TDS) is deducted on specific percentages of the amount that is paid or payable by the buyer of goods and services. The buyer, a government company, enters i...