Goods Transport Agency (GTA) filing of Declaration in Annexure V when opting to pay tax under forward charge. View more The DGTS CBIC department will schedule the webinar on the GST Amnesty scheme. Meeting URL: https://dgts.webex.com/wbxmjs/joinservice/sites/dgts/meeting/download/d0b39...
#Agents of a supplier & Input service distributor:-All Input service distributor who wants carry-forward benefit of input tax credit requires gst registration. #Reverse Charge:-A business who requires to pay tax under the reverse charge mechanism must also get registered under GST. ...
Step 1: To start the GST return process, forward your GST refund application to the proper officer with all the above mentioned documents. It’s important to include a statement specifying the date and number of invoices and the Bank Realization Certificates or, Foreign Inward Remittance Cer...
As a step forward towards this direction, FSSAI has recently decided to bring Read More 01 Jan 1970Posted By: E-StartupIndia How to add multiple business type under the same GST number? GST registration has indeed been seen as a remedy against all hindrances related to taxation. Though ...
Dear Sir Please clarify that, if the director has charged GST under forward charge for professional fees then also company is liable to pay GST on RCM basis ? 23 July 2020 Anoop Gupta As per the provisions of GST Act Section 9(3) in case of notified goods and services, the person re...
Refund Process under GST The steps below must be followed to file a refund claim: Fill out the application for refund claims on the GSTN portal by going there When you apply electronically, you will get an email or SMS with an acknowledgment number. The "carry-forward input tax credit" wi...
needs to pay tax is one of the key factors to consider when determining the time of supply. In the case of the reverse charge, the recipient is responsible for paying GST. Thus the time of supply for goods under reverse charge differs from the supplies that come under the forward charge....
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 Goods Transport Agency (GTA) is released. Read all the latest GST news updates here: Top GST News of the month. Now, let us look at GST due dat...
Q.1 Is the Audit of Accounts maintained by the registered taxable person required to be got done by a Chartered Accountant/Cost Accountant under GST? Q.2 – Does ‘aggregate turnover’ deals with topics such as stock transfers/ cross charges effected between branches located in two different ...
Here’s how the value of the goods & tax on it changes, and the final effect on the price under GST. Particulars Cost Tax @10% Tax liability to be deposited to the government Invoice Total Manufacturer₹1,000₹100₹100₹1,100 ...