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...
Recently, the GST council doubled the exemption limit to Rs. 40 Lakhs for the payment of Goods and Services Tax. Read more Link PAN with Bank Account to get Refund Recently, the Income Tax Department asked the taxpayers to link their PAN Card with their Bank Account. ...
As is apparent from the above article, you have to pay TDS on FD interest income. If you are eligible for waivers on FD TDS, ensure that you submit the relevant 15G/H form at the beginning of your FD tenure. In doing so, the bank will not levy any tax on your interest income. I...
The income tax return (ITR) filing due date is a deadline that all taxpayers in India must adhere to. However, it’s not uncommon for individuals to miss this important deadline. Whether it’s due to a busy schedule, unexpected circumstances, or simply a lack of awareness, missing the I...
If unable to apply for GSTIN online, visit GST Seva Kendra, a government centre aiding with GST processes like registration, filing, payment, and refund. Find one on the GST Portal under Contact Us. To apply for GSTIN through a GST Seva Kendra, you need to follow these steps: ...
After this a message will appear on your screen based on the refund status. Explain that to claim your income tax refund or TDS refund, all you have to do is file your income tax return and declare your income, deductions and tax paid details to the Income Tax Department. ...
This section involves detailed calculations related to your tax liability. It includes factors like surcharge, relief under section 89, interest under section 234B and 234C, advance tax paid, TCS collected, refund, rebate under section 87A, cess on tax payable, and more. It computes your total...
TDS returns are due quarterly... Vat Return Filing Any entities with VAT or TIN Registration will then submit VAT returns on schedule in order to escape fines... Works Contract Tax Return Works provider shall be assessed by subtracting from the total profit earned or receivable against the ...
Can MEIS scrips be used to pay customs duty against import of GST items? When does exporter get refund of GST paid? What are the GST refund options available to the exporters? Procedures to export under bond without paying GST How to get IGST exemption on export product?
Refund of SAD paid on imports How to claim ITC under imports? Procedures to claim Drawback after GST implantation How to claim IGST refund on exports? Revised GST rate on Other non-alcoholic beverages Revised GST rate on Sulphur recovered as by-product in refining of crude oil ...