Input Tax Credit (ITC) is reversed on the discount received through a credit note. Impact of GST on Mobile Phone Prices The shift from the old tax regime (VAT) to GST has significantly impacted mobile phone prices. Here are some key changes: Latest Updates on GST and Import Duties for Mo...
This topic lists the important FAQ on GST, especially related to GSTR-1, unregistered dealers, HSN/SAC, tax calculations, invoicing and printing, cash discount or trade discount, GST features, GST calculation, licensing and migration, and others. ...
applicable on loan processing charges Generally, a personal loan processing fee ranges from 2-3%, while Standard Chartered Bank charges up to 2.25%. You can get a loan amount up to Rs 30 lakh at attractive interest rates and get up to 50% discount on processing fees foronline applications...
Simple GST Billing & Accounting Software to grow your business. Pay One time Rs.9750/- & use Lifetime On-premise Version. Manage your accounts easily.
Follow up and monitor: Check that the customer has acknowledged receipt of the credit note and monitor its effect on our cash flow and financial statements. When all these steps are followed, it is possible to create a clear, precise accounting- based on compliance with relevant accounting and...
In order to give a push to Digital transactions in India, Union Cabinet approved the proposal that government will bear the merchant discount rate (MDR) charges for transactions up to Read More 01 Jan 1970Posted By: E-StartupIndia Hold on! There is no further adjournment of GSTR-1 ...
Consumers and businesses pay GST/HST when they purchase goods or services. The amount of GST/HST to pay can vary, depending on several factors. In Business Central, you set up GST/HST to specify the rates used to calculate tax amounts based on the following parameters: ...
In the case of financial derivatives, most of these contracts are cash settled. Since financial assets are not bulky, they do not need special facility for storage, transport even in case of physical settlement. On the other hand, due to the bulky nature and physically existence of the ...
sgst is the tax levied on goods and services provided within the boundaries of a given state. the act puts the various state taxes, such as luxury tax, state income tax, entry tax, entertainment tax and so on, under one umbrella. commodities not subject to gst list of commodities does ...
(vii) Annual return (GSTR-8) (Annexure-IX) will be filed by all normal / regular taxpayers. It will be based on financial records. (viii) Compounding taxpayer will also file a simple annual return. (ix) Cut-off date for filing of details of outward supplies (GSTR-1), inward supplies...