Exports are deemed ‘zero-rated supply’ under GST. Therefore, exporters can claim a refund of the Integrated Items and Services Tax (IGST) and cess paid on the exported items. This repayment mechanism is intended to guarantee that the Indian tax system does not serve as a barrier to exports...
GST payment refers to the tax businesses and individuals are required to pay to the government under the Goods and Services Tax regime. This payment is calculated based on the applicable rates for the goods or services provided, after subtracting Input Tax Credit (ITC). Businesses collect GST fr...
Enter the Name. Select Indirect Expenses as the group name in the Under field. Set Inventory values are affected to No. Enable the option Is TDS Applicable. Select the Nature of Payment from the List of Nature of Payments. Accept the screen. As always, you can press Ctrl+A to save.Part...
Form 26QB (Challan-cum Statement) Under TDS To begin with, Form 26QB (Challan-cum Statement) has a twin-fold objective that is synonymous with the two blades of a single scissor – It is both a return as well as challan form for the deductions that have been made u/s 194 of the ...
September 9, 2024Ribhu SharmaGST India, Informative GST Articles 7 Minutes Read The taxpayers who have opted for the composition scheme under the GST, it is mandatory for them to return file GSTR 4 form once a year. Taxpayers need to submit one return each fiscal year under the GST ...
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You can also view this report under Form 27 EQ > Uncertain Transactions > PAN not available for party under Party Master. Enter the PAN and other details. If you go through Uncertain Transactions > PAN not available for party, then the following screen will appear: Press Ctrl+A to accept,...
You can also double-click on the plus (+) sign to duplicate the formula. Following the month of May-21, do the same for other months. Compute the amount of TDS. We will use the SUM function. The SUM function is a built-in function, categories under the Math/Trig Function. This ...
This herd mentality and blind choices can under-utilize their talents and potential, that’s why it is important for students to first gain knowledge of all available career options before opting for one. Free Demo: Make Website for Your CA & Tax Consultant Firm What is CA Profession ...
Method 2 – Adding GST Filing Status You need to add GST Filing Status. Put the Date of Filing inD5:D16range. We need to calculate whether theDate of Filinghas passed the due date. Write the formula in theE5cell like this. =IF(D5<=C5,"On Time","Delayed") ...