Generally, the GST payment due date is tied to the filing of the GSTR-3B return. Here’s an overview of the key due dates: Type of Taxpayer GST Payment Due Dates Regular Taxpayer 20th Day of the Next Month Composition Scheme 18th Day of the Month Following the Quarter Non-Resident ...
AGSTR 3Bneeds to be filed every month onceGSTR 1is filed for reporting Sales andITC, along with the necessaryGSTpayment. Furthermore, if a refund is required to be claimed, the same can be done by filing the appropriate forms. This article aims at presenting information about the GST pay...
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...
SIR ALL B2B E INVOICE REQUIRED TO UPADATE GSTN AND MOBILE APP.TO SAVE THE LAKHS ACCOUNTANTS TIME AND RISK FACTOR TO RECONCILE PURCHASES BILLS EVERY MONTH Reply T C Jain January 13, 2022 at 1:28 pm My client is into jewellery business and eligible for e-invoicing, my doubt is whether...
Is GST filed every month? The frequency of GST filing depends on the type of taxpayer and the type of return. For example, regular taxpayers with an annual turnover of more than Rs.5 crore must file two monthly returns (GSTR-1 and GSTR-3B) and one annual return (GSTR-9). ...
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...
# Return Filing & Payment:-Every GST registrant requires to file three monthly/quarterly returns and One annual return. Requires paying tax every month. # Composition Scheme:-Business units having an annual turnover less than INR 1.5 crore may opt the scheme. Requires to pay subsidize tax range...
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...
Where the payment is linked to the completion of an event, the invoice shall be issued on or before the date of completion of that event. 10. What if the goods are sent on approval or return basis? Where goods are sent or taken on approval for sale or return, the invoice shall be ...
If GST credit has been reversed during the year on account of payment not made to suppliers within 180 days. Taxpayers can again claim the ITC after payment to the supplier which has been already reversed on non-payment. It is important to check the books of accounts for any such entry on...