Prerequisites for filing GSTR 3B The GSTR-3B form should be submitted by any business that is liable to file the monthly returnsGSTR-1,GSTR-2andGSTR-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 on...
Filing Nil Return on GSTR-3B Step 7: File Non-Nil Return The system generated summary for GSTR-3B is displayed. The page that you would have landed upon would be displaying the details of the GSTR-3B table, Source Form, Form Status, Summary Status and advisory. Click the “close” bu...
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Step 2: The input credit ledger is ready to calculate the right amount of input tax credit according to rules 37, 42, and 43 of the CGST rules the correct ITC amount available. In the GSTR-3B form, ITC reversal is to get filed for the admission of the credit that could be merely ...
I was reading through this and I realized I never got a 1099R for any of my mega-backdoors. over the years, I have been getting them for the backdoors and filing the 8606s. is this an issue? if yes, I can reach out to the custodian to issue one but would you have any thoughts...
[Updated on January 16, 2024with screenshots from H&R Block tax software for 2023 tax filing.] This video cannot be played because of a technical error.(Error Code: 102006) A Mega Backdoor Roth is different from a regular Backdoor Roth. It’s done by making non-Roth after-tax contributio...
The GSTR 2A Change has the following Implications: Tax officials may soon try to deny input credit wherever GSTR 3B filing status is ‘N’ even if the credit is matched with the GSTR 2A report otherwise A majority of the taxpayer has consolidated payment blocks in the mismatch in GST cred...
GST and the processes related to it could be intimidating to most businessmen. The complexity resulting from the doubts over which GST form to file could be nerve-wracking. Therefore, it would be helpful in the long run if you grasp the topics such asGSTR1,GSTR 2A,GSTR 2B, and many ot...
Stepwise Process to solve your GST Suspend Status Problem Businesses eligible for drop proceedings are those with GST registration suspended on or after December 1, 2022, due to non-filing of GSTR-3B for six months or two quarters. The suspended GSTIN can be automatically restored once GST Ret...
GST payment is one of the major requisites for a business to stay compliant according to tax laws in India. As per the guidelines, every registered business must make monthly GST payments along with the submission ofGSTR-3B return. GST payments are necessary to claim TDS deductions and Input...