Set up non-deductible VAT Set up unrealized value added tax Set up a VAT statement Work with VAT on sales and purchases Use non-deductible VAT Submit VAT reports to tax authorities Managing GST/HST rate changes Validate GST/HST registration numbers ...
GSTR 3B Up to 5 Cr Quarterly Mar – 21 Waived for 30 days Interest waived for 15 days and 9% from 16th to 30th day GSTR 3B Monthly Mar – 21 & Apr – 21 GSTR 3B Above 5 Cr. Monthly Mar – 21 & Apr – 21 Waived for 15 days Interest at reduced rate of 9% applicable fro...
If an item is marked as “Exempted item”, irrespective of a tax rate the sequence will be picked from the bill of supply. If an item is marked as “Non-GST” supply, then another tax type is applied on the transaction and the number sequence will be picked from the bill of ...
Nirmala Sitharaman is all set to announce the official budget for 2023 on 1st February. There are several expectations from this year’s union budget regarding GST rate reductions, interest rates on home loans, railways, education and farming sector etc. Read more about the Union Budget 2023 ...
Set up rate and percentage tables: Expand the node for the tax component. Select the Rate node, and then, in the Value field, define the tax rates. Select the Reverse Charge Percentage node, and then, in the Value field, define the reverse charge percentage. Select the Load on Inventory...
Once you’re done with the GST Settings, the next step is to set up default tax preferences for Intrastate and Interstate transactions. Zoho Inventory will already have tax rates pre-populated under the Taxes section. But, to make it easier, you can set a default tax rate for intra and ...
The rate of GST is 20 percent. When Contoso pays Fabrikam, it will pay INR 1,000 (the value of the supply) + INR 100 (CGST) + 100 (SGST). At that time, Contoso will deduct INR 100 (INR 1,000 × 10 percent) as CGST TDS and INR 100 as SGST TDS....
On the new tax pop-up that appears, enter the Tax Name and Rate(%). Click on the Save button to save the tax.Creating Tax GroupsTo add a new tax group,Open your Zoho Inventory.Click on the gear icon from the top-right corner. Select Taxes from the drop-down. Click on the + ...
CT-Rate, UT-Rate and IT-Rate (1,2,3,4) CT-Rate, UT-Rate and IT-Rate (5,6,7,8) 15th January 2025 As per Notifications No. 01/2025 and 02/2025, the draft GSTR-2B data will be generated on January 16, 2025. View More The new advisory recommends filing applications under the ...
GST on Water [other than aerated, mineral, purified, distilled, medicinal, ionic, battery, de-mineralized and water sold in sealed container] is nil rate. Nil rate of GST payable on sale of Non-alcoholic Toddy, Neera Tender coconut water put up in unit container and bearing a registered br...