What Is GST Payment? 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 subtractingInput Tax Credit (ITC). Bus...
may be left to the bank to design, as the requirement here is the proper booking and reporting of the transaction which banks would have to ensure. It was decided that those banks need not operate a GST pool account which can credit the amount in the respective tax accounts ‘on the fly...
1. How can I track my refund application without logging into the GST Portal?Navigate to Services > Track Application Status > Select the Refund option > Enter ARN > Click SEARCH to track your refund application without logging into the GST Portal. You can track your refund application without...
GST notice is an official communication from tax authorities on GST compliance issues. Learn how to reply GST notice online using this guide.
2. Claiming Input Tax Credit 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 ...
The time limit for submitting a tax amendment depends on whether you're amending your tax return to claim a refund or to correct an error. By law, there are set time limits for amending your tax assessment, which are: Two years for individuals and sole traders Two years for small and ...
Looking to claim Input Tax Credit under GST? In order to avail Input Tax Credit, a dealer needs to meet few conditions. Learn how to calculate ITC, time limit to avail ITC
How to retrieve user name under GST registration online in India How to change password under Online Application for GST registration in India Refund of Input Tax Credit (ITC) of GST, FAQ Refund of GST paid in India, FAQ 4 Conditions when applying for refund of Input Tax Credit (ITC) unde...
NOTE:It is possible to have unclaimed input credit due to tax on purchases being higher than tax on sale. In such a case, the taxpayer is allowed to carry forward/claim a refund. The government does NOT pay interest on input tax balance. Read on to find out how to claim ITC ...
Refund of SAD paid on imports How to claim ITC under imports? Procedures to claim Drawback after GST implantation Comments K.L.Panda:On 20 January 2014 Sir, I want to export some material to EU from Odisha,So, I need Form A certificate . Kindly provide me who are issuing these Form A...