Recently, on June 22, the GST Council held the 53rd GST council meeting, and introduced a conditional waiver of interest and penalties under Section 128A, and reduced pre-deposit amounts for appeals to ease taxpayer compliance. It also extended the GSTR 4 filing deadline and introduced FORM...
Regular taxpayers need to generate a PMT-06 challan to deposit payments into the cash ledger, especially when filing GSTR-3B. The challan can be generated before, after, or during the return filing process. Quarterly Taxpayers (QRMP Scheme) For QRMP taxpayers, GST must be paid using the PM...
Tax Refund for International Tourist (TRT) scheme provides an opportunity to the foreign tourists to purchase goods during their stay in any country on payment of GST and obtain refund of the GST so paid, at the time of exit from the country. Nearly 52 countries have adopted such kind of ...
One of the key advantages of voluntary GST registration is the ability to claim an ITC for the GST paid on purchases. This might help to increase the cash flow and profitability of the company. 2. Status of the Registered Dealer You will be issued a certificate of registration. This documen...
11. Clarification on Practical Aspects Clarification 1 In case of advance payments made to the service providers for any future services that later got cancelled due to the lockdown. Let’s understand this with an illustration: Two parties have agreed for a service, and the buyer has paid an...
When you create custom fields, the value of theCaption text IDfield must match the value that you entered for theText IDfield on theLanguage textpage. Go toRetail and Commerce>Channel setup>POS setup>POS profile>Custom fields. Enter a name for the field. ...
The onus to charge GST (and deposit with the IRD) on the low value goods, if any, would be on you or your customers, at the point of sale. Additional information regarding the New Zealand GST law changes can be found on this link. We have included some general information regarding ...
replaced by GST. The 6% GST will only be charged on the annual fee charged on or after 1 April 2015. If you have already paid the service tax, the annual fee will not be subject to GST in the current year of service, and GST will only be charged on your next annual renewal date....
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.” ...
This article provides information about how to deduct Goods and Services Tax (GST) Tax Collected at Source (TCS) on payments of goods and services in Microsoft Dynamics 365. Under the GST law, e-commerce aggregators are responsible for deducting and depositing tax at a rate of 1 percent ...