When you have a registered your business, it becomes mandatory for you to file a monthly/quarterly and a yearly GST (Goods and Service Tax) return. Your GST return will be based on the type of business you have. The government has simplified the process to file the GST returns on theGST...
The e-invoice process involves all information transferred from this portal to GST portal and the e-way bill portal in real-time. Therefore, it eliminates the need for manual data entry while filing GSTR-1, a monthly/quarterly return, and generation of the e-way bills. This is because the...
Periodic reconciliation is the process of reconciling invoices on a monthly, quarterly, or annual basis. This method assists companies in monitoring their cash flow, identifying disparities early, and guaranteeing prompt payment. Businesses that operate in industries with strict regulations or those with...
The retired investors need a regular stream of income and even some other investors look for investments that are not only safe but preferably provide monthly, quarterly or half-yearly interest income. Here, we look at 3 such investments that fit this requirement. These are Senior Citizen ...
Financial entities can issue a single monthly tax document that covers all supplies for that period. Passenger transportation service providers can use tickets as tax invoices. GST invoice Rules Below are a few importantGST rules: Minimum Amount for Raising a GST Invoice ...
GST Return Forms for Regular Business GSTR-1 IGSTR-1is a monthly or quarterly return filed by every registered dealer in order to show the details of their outward supplies i.e. sales. There are total 13 sections inGSTR-1. GSTR-2 ...
Monthly and quarterly declarations are filed using the form Cerfa no 3310-CA3-SD or Cerfa CA3. After you have declared your VAT, you can ask for a refund. Refund request forms To ask for a VAT credit refund, you will need to complete form n° 3519-SD if you are under the normal...
You review the quarterly financials and notice a dip in the quick ratio from 1.8 to 1.2. Recognizing this as a potential liquidity concern, you investigate further and find that increased accounts payable have temporarily strained your cash flow, although sales are steady. ...
The return forms and filing frequency vary per country. How often you need to file may also depend on your annual sales revenue. For example, in Germany, the standard filing period is quarterly, but sellers whose tax payable exceeded €7,500 in the previous year must file monthly, and sell...
GST/HST credit is paid quarterly in January, April, July, and October. The Canada Child Benefit is paid monthly to eligible individuals. How much is Canada FPT? The maximum Canada Child Benefit per child is $7,787 (under 6) or $6,570 (age 6-17) per year. The maximum GST/HST credi...