In other words, the tax payment challan can now be auto-generated, with the click of a button, after offsetting the input tax credit available in the credit ledger. One of the biggest advantages of this change is, that the earlier scenario of taxpayers putting incorrect tax amount the ...
Create challan to complete filing GSTR-3B Note: In case of Net Banking, you will be directed to the net banking page of the selected bank. The payment amount is shown at the bank’s website. If you want to change the amount, abort the transaction and create a “new challan.” After...
If there is no sufficient outward tax liability in GSTR-3B against which the credit note can be adjusted. In such cases, form RFD-01 can be filed to claim this GST by selecting “Excess payment of tax if any”. (b) The service provider may have issued a receipt voucher acknowledging ...
Take a print out of the Challan and visit the selected Bank. Pay using Cash/ Cheque/ Demand Draft within the Challan’s validity period. Status of the payment will be updated on the GST Portal after confirmation from the Bank. In case of NEFT/ RTGS: Take a print out of the Challan an...
The GSTR-3B form should be submitted by any business that is liable to file the monthly returns GSTR-1, GSTR-2 and GSTR-3. The GSTR-3B form can be easily filed online through the GSTN portal. The tax payable can be paid through challans in banks or online payment. You either ...
2. The process of filing the GST 3B form can be quickly done online through theGSTNportal. You can pay the tax through challans in banks or via online payment. 3. While filing the return, the authentication of the taxpayer profile is a must. Either you will need, ...
35% Challan: If the payment is done by 25th of next month, there should be no interest levied for the selected month as per the law. Self-assessment basis challan: If there is short payment or late payment, there should be interest levied as per the law if the payment is made via di...
GSTR-4 is the yearly return for those under the Composition Scheme, due by April 30th of the subsequent financial year. GSTR-4 has replaced the prior quarterly submissions, with taxpayers now submitting a simplified challan via Form CMP-08 by the 18th following each quarter's end ...
a.) Suggested utilisation of ITC informed to the taxpayer for discharging tax liability, and Contextual help for GST transactions like Registration, Returns, Payment, etc. b.) Option to generate pre-populated Challan by the system to avoid depositing Cash in wrong Head ...
Taxpayers/Consultant should ensure that proper reconciliation between inwards supply shown in GSTR-3B/Input tax credit register and GSTR-2B was done during the compliance period. Taxpayers/Consultant should ensure that re-credit has been taken for ITC for which payment made to vendors after 180 da...