However, all the state and even the central government have been stating that the lockdown may either extend or even if it gets lifted, the restrictions will remain on movement in order to control the spread of the virus. On the GST front, the government had seen a sharp drop in the ...
There is another type of tax Integrated Goods and Services Tax (IGST) that is charged on goods and services supplied inter-state. The tax was introduced to remove the cascading of taxes, the situation of collecting multiple taxes on every level of production. It is done under GST too, but...
A GSTIN (Goods and Services Tax Identification Number) is a unique 15-digit alphanumeric code assigned to businesses registered under the GST system in India. Here is an example of a GSTIN: Let's break down the structure of a GSTIN: First two digits (State Code): 22 - Represents the...
New advisory introduces enhancements in biometric functionality, allowing directors to opt for biometric authentication in their home state. Financial Year End Checklist: As the financial year ends, businesses in India must ensure compliance with the latest GST regulations and updates. A thorough year-...
GSTR-3B Quarterly 22nd or 24th of the month following the quarter QRMP taxpayers based on state category CMP-08 Quarterly 18th of the month following the quarter Composition taxpayers filing self-assessed tax Consequences of Missing Deadlines Late Fee: ₹50 per day (₹20 for NIL returns) ...
The first two digits of GSTIN will represent the state code according to Indian Census of 2011. Each state has a unique two digit code The next 10 digit of GSTIN will be the pan number of the tax payer (The GST code will be an alpha numeric number i.e first 1-9 and then A-...
- Added state code in PDF - Added Telangana state in business origin - Added tax rate slab of 3% - Solved PDF Signature position issue while more than 2 products are there in a single order - Changed display sequence of GST and Shipping GST applied on order in invoice and credit memo Ve...
GST Group Code Specifies the GST group code. HSN/SAC Specifies the HSN/SAC code. From State Specifies the vendor state code. Location State Code Specifies the location state code. Date From Specifies the starting date. Date To Specifies the ending date. CESS % Specifies the Cess rate. Before...
GST TCS State Code Specify the relevant state code. GST TDS/TCS Base Amount Specify the GST TCS calculation base amount. GST TCS Mark this field as True.For example, INR 1000 paid by the customer and 1% GST TCS (0.50% CGST, 0.50% SGST for Intra-State or Intra-Union Terr...
two characters for the State code; ten characters for the PAN or the Tax Deduction and Collection Account Number; two characters for the entity code; and one checksum character. The certificate of registration will be digitally signed by officer. ...