28th October 2024 The official portal now supports Biometric-based Aadhaar authentication and document verification for GST registration for Kerala taxpayers. 24th October 2024 The Kerala GST Department Circular No. 18/2024 provides instructions regarding non-filing and short payment adjustments for the Fl...
1. Obtain a GST Payment Challan Log in to the GST portal using your credentials. Go to the “Services” tab, select “Payments,” and click on “Create Challan.” Fill in the required details, such as the type of tax, amount, and other relevant information. Click on “Generate Challan...
Payment of principal loan amount and interest (monthly instalment) are not subject to GST. Are there loan-related fees that will be subject to GST? Application fee and audit confirmation of customer's loan accounts are subject to GST. Is stamp duty subject to GST? Stamp duty is not subject...
Form DRC-03A: Purpose, Appropriation of Payment and Filing Process CBIC Clarifies Wavier of Interest and Penalty under CGST Act RCM Time of Supply Rule Changes Effective from November 1 Now, let us look at GST due dates for December 2024. Here is a comprehensive image of our December GST Du...
GST CMP 08 Quarterly Payment Filing Due Dates for FY 2024-25 Period (Quarterly)Due Dates 1st Quarter – April to June 2024 18th July 2024 2nd Quarter – July to September 2024 18th October 2024 3rd Quarter – October to December 2024 18th January 2025 4th Quarter – January to March 2025...
Refund of amount deposited for GST appeal Finalization of provisional assessment under Goods and Service Tax refunds Refund of GST tax on excess payment due to mistake or inadvertentce When does GST tax to be refunded? GST payments, list of Banks authorised in Centre and States ...
GST Payment & Refunds Staying tax compliant and updated with all the statutory changes imposed by the government is one of the topmost priorities of any business. However, in a rut of running a business in the smoothest way possible, often the GST return filing dates get missed out on. Now...
Q4. What is the amount of late fees? Answer:The late fees depend on the number of days of delay from the due date. For example, if the due date was 20th January 2021 and the taxpayer pays on 23rd January, then the late fees will be calculated for three days, and the final amount...
When you post a sale to a customer in another EU country/region, the VAT amount is calculated, and a VAT entry is created by using the information about the reverse charge VAT and the VAT base, which is the amount that is used to calculate the VAT amount. No entries are posted to th...
Calculating the GST Payment Often, the GST is calculated by reducing the ITC from the outward tax liability. The TCS or the TDS will be deducted from the GST amount to get the final amount. Additionally, there may be late fees added, if applicable. ...