Log in to the GST portal using your credentials. Go to the “Services” tab, select “Payments,” and click on “Create Challan.” Fill in the required details, such as the type of tax, amount, and other relevant information. Click on “Generate Challan” to create the payment challan....
The new business activities regime The advantageous tax regime, in force since 1 January 2012, which had absorbed the minimum tax regime The facilitated accounting regime (formerly the minimum tax regime) The flat-rate tax regime serves to reduce the fiscal and administrative burden for businesses...
GSTIN, short for Goods & Services Tax Identification Number is a 15-digit, unique identification number allotted to each taxpayer (GST registered business, firm, dealer, supplier, business entity) once they have registered under the GST regime in India. Every business operating in a state or Un...
Self-assessing tax: Check theSet as self-assessment (reverse charge)option for the first party registration record you create for the tax regime, tax, and tax jurisdiction. Once the application selects this registration record for the tax, the tax line is stamped as self-assessed. ...
Step 2:Go to the ‘e-File’ menu, select ‘Income Tax Returns’, and then choose ‘File Income Tax Return’. Step 3:Select the assessment year for your return. Step 4:Click on ‘Start New Filing’ to initiate the process. Step 5:Select the filing status that best applies to your si...
to comply with the 15% global minimum tax could lead to future controversies. And second, once the laws are enacted by jurisdictions, their interaction with countless other areas of a jurisdiction’s tax regime will need to be thoughtfully considered. Audit activity around tax incentives, ...
If you sell an investment for more than the cost to acquire it, you have realised a capital gain. This will need to be reported in your annual income tax return. Although it’s referred to as capital gains tax (CGT), this is actually part of the income tax regime and not a sepa...
The Gambling license in Curacao remains attractive to many operators due to several advantages: Favorable tax regime and lower registration costs compared to other countries; Absence of strict requirements for the size of the authorized capital and physical office; ...
Oracle Fusion Tax enables you to calculate taxes on the intercompany Oracle Fusion Receivables and Oracle Fusion Payables transactions. You can use both standard tax classification code and regime-based determination methods.
Under the GST regime, both goods and services are governed by a unified taxation structure, enhancing compliance and transparency. The implementation of GST aims to streamline the tax process, ensuring efficient tax collection at every stage of the sale. ...