Q. The total amount paid as declared in Annual Return (GSTR 9): The amount payable as declared in Table 9 of the Annual Return (GSTR9) shall be declared here. It should also contain any differential tax paid on Table 10 or 11 of the Annual Return (GSTR9) 10. Reasons for un-reco...
This issue was raised in the matter of Clay Craft India Private Limited[1] (‘Company’), where advance ruling was sought on whether GST would be payable on RCM basis on the salary paid to directors, given that- directors are compensated by way of regular salary and other allowances as ...
Interestingly, prices actually dropped slightly in the eastern provinces after the HST was introduced. According to the C.D. Howe Institute, lessons from the implementation of HST in the eastern provinces suggest that harmonization in Ontario and B.C. will not lead to higher consumer prices. In ...
Automatically club together both input & output tax of a particular month and further pass a general entry at the end of the month required for GST Payable Accounting No manual data entry required. Import and export all data with just a click. Check Account Balance, Account History, Invoices,...
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It is recorded in the balance sheet 3. Multiple Choice 30 sec 1 pt What causes an increase in Bank yet a lower Net Profit? Receipts from Accounts Receivable increase cash more than the corresponding Credit Sales increase revenue Payments to Accounts Payable decrease cash more than the corresp...
S6. 16 How to Create and Manage Multiple Godowns in TallyPrime S6. 17 How to Record Inter Godown Stock Transfer in TallyPrime Section-7: Bill-wise accounts I Accounts Receivable & Payable Management S7.1 Basic Illustration to Understand TallyPrime Vouchers S7.2 Bills wise details for Purchases...
A check mark in this field indicates that GST reporting with foreign currency, set as LCY, has been activated. Tip For more information on how to work with fields and columns, seeWork with Data. For assistance in finding specific pages, seeSearch. ...
9 - Positive = payable to ATO Negative = may be a refund or offset - - Business Activity Statement Adviser Education Programme 7 Course Objective The objective of this course is to assist the participants prepare their Business Activity
One of the major steps to curb false/fraudulent claims of input tax credit was initiated under Goods and Services Tax regime by introducing a procedure to reverse the amount of input tax credit availed within 180 days in case no or part payment is made t