GST on Interest on Delayed Payment by Customer Read More→ How to Claim Tax Refund under GST Read More→ Time, Place & Value of Supply Under GST, the existing system of levy of tax on manufacture, provision of taxable services, and sale of goods will be replaced by the concept of ‘Sup...
Retailers must reconcile purchases with GST invoices received from suppliers to avoid discrepancies. GST Return Filing: Retailers must file GST returns on time, detailing sales, purchases, and tax liabilities. Delayed or incorrect filings can result in penalties and interest charges. Challenges with ...
depending on your specific circumstances. It is essential to provide accurate details and select the correct forms to prevent your application from being rejected. Please note that you are required to pay full tax amount before completing any forms for interest and penalty waivers. For the lat...
Any interest or penalty will be charged on that? What is the Timeline for generating the E-invoice there is a limit of time?? Please guide me on the same. Reply SAG Infotech June 28, 2021 at 12:59 pm There is no issue in generating the E-invoice on month-end for a whole month...
obtaining GST registration in India within time is INR 10,000/- or 10% of tax due from the supply made, whichever is higher. In addition to the penalty, businesses shall be required to pay GST on the supply made along with the interest whether he has collected GST from their customer ...
TDS TCS Credit received this is auto-filled data available from the portal site Step 9: Tax, Interest, Late Fee Payable and Paid:- This table shows the tax liability paid with respect to tax paid in cash also if there is a late filing of a return then this table shows the late fee ...
This way, you can make sure that you register GST returns and charge GST on customers properly. GST registration online Uttarakhand: The online GST registration in Uttarakhand can be simply done on the online GST portal. Company owners can fill a form on the GST portal and present the ...
In recent times, there has been spate of notices issued by GST dept demanding GST with interest penalty on the reimbursement of electricity charges, collected by the landlords of commercial buildings as well as by building facility /maintenance service providers. These shocking demands are being iss...
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Interest is assessed on the outstanding tax amount when GST liabilities are not paid on time Failure to comply with GST regulations may result in the suspension or cancellation of your GST registration The maximum penalty for breaking the GST is 10% of the total tax amount due. However, there...