How to Claim Tax Refund under GST Read More→ Time, Place & Value of Supply Under GST, the existing system of levy of tax on manufacture, provision of taxable services, and sale of goods will be replaced by the concept of ‘Supply’. Thus, it is of extreme importance, to understand th...
They define our work ethic, our engagement approach, our corporate culture, and what sets us apart. At Ausweg, we look to our values as the very foundation upon which we’re building this firm. Latest Blog How to claim income tax refund!
A taxpayer can claim the refund two years from the relevant date. The government has assigned relevant dates depending on the case. These dates may vary according to individual cases. Also, if there is a delay from the Government’s end to refund the claim then the government pays an intere...
Question 8: How to claim refund of amount deposited in wrong head? Answer:A Circular for manual filing of such refund applications is under process. Question 9: is it necessary to file return through CA, GST Practitioner? Answer:No, taxpayer can file their return himself on the common portal...
How to claim IGST refund on exports? Export procedure changes after GST implementation Factory stuffing procedures after GST implementation Import of goods attracts IGST but not CVD under GST regime Import goods attracts IGST and CVD under GST regime ...
GST-registered businesses must issue such invoices for the sale of goods and services. These invoices must include a detailed list of the products or services provided and the payment amount due. To claim input tax credit (ITC), businesses should ensure they receive GST-compliant invoices from ...
24% Per Annum: This higher rate applies in cases of undue or excess claim of input tax credit (ITC) or reduction in the tax liability. 2. How Is Interest Calculated? The interest on late GST payments is calculated using the following formula: Interest = Tax Amount × (Interest Rate / ...
How to claim Input Tax Credit Conditions for claiming Input Tax Credit How to Adjust Input Tax with Output Tax Negative List under Input Tax Credit Different Rules under Input Tax Credit Documentary requirements and conditions for claiming Input Tax Credit (Rule 36) ...
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. GST payments are necessary to claim TDS deductions and Input...
When will I not be able to claim ITC for bills and expenses? I am not able to edit a transaction as it states transactions have been filed. What should I do? I do sell items which have the same HSN. How will it reflect in the HSN summary?