A GST refund is a claim to reclaim excess taxes paid by a taxpayer for various reasons, such as exports, excess input tax credits, or other specific circumstances. Businesses must file claims for GST refunds to protect their finances and guarantee that they are adhering to tax laws. The obje...
However, the GST fake invoice case is also on the rise. Fake GST bills can lead to tax evasion, loss of tax revenue to the government, and other fraudulent practices. It is crucial to check the authenticity of the GST invoice to avoid getting cheated. How to check if a GST bill is f...
GST Payment Processes for Different Taxpayers What Are the Modes of GST Payment? How to generate a GST challan on the GST portal? How to Make GST Payment Online? How to Make GST Payments Offline? How to Check GST Challan History? What is the Time Restriction to Complete the GST Payment?
To register oneself, all a person needs to do is to visit gst.gov.in and follow all the instructions mentioned there. The process will hardly take more than a few minutes if you are aptly prepared. You will receive an ARN on your email after the process is complete. Also Read: ...
1. If value in range then return value - LOOKUP function To better demonstrate the LOOKUP function I am going to answer the following question. Hi, What type of formula could be used if you weren't using a date range and your data was not concatenated?
Learn how to use the Invoice Management System (IMS) on the GST portal with this guide. Manage invoices and claim correct Input Tax Credit easily.
In addition, it’s best practice to ask the auditor to provide all requests in writing, so that you can keep a complete record of everything that occurs during the audit. If you are unsure if a request is normal, contact your tax professional for advice. ...
Zero returns:Even if you didn’t collect tax in an area during a certain reporting period, you may still be required to file a tax return. Be prepared to file tax returns by the due date for every reporting period, regardless of sales made during the period. If you continue to file ze...
These methods ensure the taxpayer’s identity, validate the accuracy of the filed return, and complete the verification process without the need for physical documents. It’s important to note that e-verification is a crucial step in the ITR filing process, as the Income Tax Department considers...
The taxpayers at the time of filing their income tax return (ITR) have to clear their previous tax pending to complete the process of ITR filing. Adding to this, any mistakes made while submitting self-assessment tax or advance tax during the year will also result in non-deposit of tax. ...