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...
A GST number is also necessary to claim the input tax credit, which is the amount of GST paid on the goods or services purchased for business purposes. Input tax credit claim is likely for a GST-registered person only if the supplier has uploaded the invoice details in the GST portal and...
The previous step, first, we record every part and enter the TDS statement forNovember,December, andFebruaryin columnC. Choose a cell and calculate the TDS in that cell. We’ll employ theSUMfunction for this. Choose the cell where we want to view the outcome. Add the SUM function formula...
Accounting and Billing | Inventory Management | Insightful Business reports | GST Returns and reconciliation | Connected e-invoice & e-way bill solution | Cash and Credit Management| Security and user management. I have read and accepted theT&C ...
6. You can edit and delete the TDS rate that you have created in the system. How to add a new nature of income payment? On the TDS screen, click on the Nature of Income Payment tab. Then, click on the Add button. 3. A pop-up will appear and you will need to fill in the nat...
Either you can register as a taxpayer (Normal/TDS/TCS) or you can register as a GST Practitioner. GST practitioners are the middle man between taxpayers and government. Though the GST portal is easy to use, if someone faces issues while accessing the website, he can take the help of GST...
Those required to get a GST registration certificate include: Regular taxpayers, TCS and TDS claimants under the GST, anyone required to get a unique identification number under Section 25(9) of the CGST Act, non-resident taxpayers, including those offering OIDAR services, and taxpayers who...
Method 2 – Adding GST Filing Status You need to add GST Filing Status. Put the Date of Filing in D5:D16 range. We need to calculate whether the Date of Filing has passed the due date. Write the formula in the E5 cell like this. =IF(D5<=C5,"On Time","Delayed") D5 and C5...
03/2025 to Facilitate GST Registration Procedure and Prevent Harassment MCA Slaps Penalty on Truthigh Fintech and Directors for Failing to File Annual Returns Patna HC: Transitional Credit Inapplicable for Capital Goods Received After GST Implementation Big Offer on All Software Powering India’s ...
TDS TCS Credit received this is auto-filled data available from the portal site Step 9: Tax, Interest, Late Fee Payable and Paid:- This table shows the tax liability paid with respect to tax paid in cash also if there is a late filing of a return then this table shows the late fee ...