This indicates GST payments can be done after the importation process. Things to note on the GST rate change from 8% to 9% on 1 Jan 2024 When you are required to charge GST at a rate of 9% on supplies made on or after 1 Jan 2024, it is important to include this 9% GST in ...
Pramit Pratim Ghosh,September 4, 2024 GST payment is one of the major requisites for a business to stay compliant according to tax laws in India. As per the guidelines, every registered business must make monthly GST payments along with the submission ofGSTR-3B return. ...
However, GST is not applicable to loan repayments or interest payments. It is only levied on processing charges and other fees excluding principal and interest payments. Therefore, the overall impact of GST on loans remains minimal, primarily affecting ancillary charges like processing fees and ...
The official portal now enables biometric Aadhaar authentication and document verification for GST registration specifically for taxpayers in Kerala. The Kerala GST Department has issued Circular No. 18/2024, which outlines guidelines for addressing non-filing and adjustments for short payments related to...
To pay GST under provisions for instalments, the taxpayer needs to submit an application to the Commissioner as a request to allow him to make GST payments in monthly instalments. Besides, the commissioner also needs to give the reasons in writing for the rejection and acceptance of such ...
The process of generating the GST e-invoice will be the same as the e-way bill which is generated on the https://ewaybill.nic.in/ portal or the GST payments done on the GSTN portal. The system for generating the GST e-invoice will replace the e-way bill that is being generated ...
GST Compliance Calendar – June 2024 As we start the month of June 2024, it’s essential for businesses in India to stay compliant with the Goods and Services Tax (GST) regulations. Our GST compliance calendar outlines the key due dates for various filings and payments to ensure that business...
3. Receive your payments Your customers can then immediately initiate a transaction to make the payment. Additionally, your customers can also download the invoice and save it for future reference. If you want to initiate partial payments on an invoice, that can also be carried out transparently...
The GST system has reduced the complexity and time needed for compliance by streamlining the process for submitting taxes and making payments. With the help of a single online platform, businesses can more effectively manage their tax obligations. Composition Scheme Composition Scheme Under GST for ...
Our GST registration services also include assisting non-residents supplying goods or services in India in obtaining temporary GST registration. Input service distributor (ISD) Registration Guidance on registering as an ISD allows businesses to distribute the Input Tax Credit (ITC) among their various ...