When making a GST payment, it’s important to consider the time limit from the date of challan generation. The following guidelines apply: Offline Payments: You have 15 days from the date of challan generation to complete the payment. Online Payments: Payment should be made immediately upon cha...
We have written two other articles last month: Maximize your ITC with GST MIS Reports and Importance of an E-Way Bill Management App for Transporters. Apart from these, there have been new GST changes including an advisory on opting for payment of tax under the forward charge mechanism by a...
The last month of the year 2021 – December went by in a jiffy! As we all are in the holiday spirit and are all geared up to welcome the new year, the government has released quite a few new GST updates recently that we need to take into account. There’s GSTR 9 due date extensi...
There are two ways to pay GST: Payment through Cash Ledger and Payment through Credit Ledger. Payment through Cash Ledger Online and offline GST payments are both possible. In order to pay for GST using any of the methods, the challan must be generated via the GST Portal. In cases where ...
The last date for payment of GST tax for the month of July 2017 was 25th August, 2017 and the last date for filing returns in cases, where the taxpayer wanted to avail transitional credit was 28th August, 2017 and, in all other cases, it was 25th August, 2017. ...
13 is the last date to which the option to upload the information in IFF can be claimed. IFF will also utilize in the fling the left invoices for the particular month IFF or in the quarterly Form GSTR-1. For instance for Apr-June qtr., in IFF the B2B invoices for April (M1) can...
Managing GST effectively is a key part of operations, demanding attention to detail; up-to-date knowledge of tax laws; and reliable and consistent systems for tax collection and recordkeeping. Below is a guide to what businesses need to know about GST, including how to calculate it—and how...
When is the last date for filing of IGST, CGST and SGST annual returns for previous financial year? The last date for filing of annual GST returns (IGST, SGST and CGST) for previous financial year is on 31stDecember. Is short-filed IGST, CGST and SGST returns treated as valid return fil...
Support the IGST tax calculation when the with IGST payment option is set to Yes on the SEZ/DE/Export order. The configuration can be used only in version 10.0.14 and later. Taxable Document.version.82.xml Taxable Document (India).version.82.155.xml Tax (India GST).version.82.155.301.xml...
Record a GST payment Go to Taxes and select the Payments tab. Select Record payment. Fill in the required fields (bank account you're making the payment from, payment date and amount). When you're ready, select Save. If you want to view the payment, find it in the list and select ...