Assume that you installed Feature Pack 1 (FP1) in the Indian version of Microsoft Dynamics NAV 2009 R2 and of Microsoft Dynamics NAV 2009 Service Pack 1 (SP1) installed. After you post a purcha...
If you do not wish to purchase a Seeeduino, this tutorial is still applicable for the following Arduino boards: Arduino UNO, Arduino Mega, Arduino Leonardo, Arduino 101, Arduino Due How to connect: Step 1: Connect Grove – IMU 10DOF v2.0 to I2C port of the Grove – Base Shield Step...
Using the Deskera Books+ software, your company's finance team can compare the company’s sales and purchases against your bank records. This functionality enables you to easily track the accounts payable and accounts receivable of the businesses. Click on the "Bank" icon, and under the bank r...
1. Requirement of TDS on Sale and Purchase of Property As per Section 194-IA of the Income Tax Act, 1961, Tax Deducted at Source (TDS) Read More » Cryptocurrency Taxation in India 2024: Tax Rules, TDS Rates, Documentation, and Compliance for Crypto Trading October 1, 2024 In Indi...
No TDS shall be deductible on GST component of Invoice Recently the Central Board of Direct Taxes (CBDT) clarified that the GST paid on services will be excluded from the scope of TDS provisions when in the GST portion is shown in the invoice separately. Previously, CBDT had excluded the...
How to claim GST paid on rent as an input tax credit (ITC)? GST resulted in a significant shift in the principal method of input credit taxation under GST. The tax paid by a company on a purchase is used to reduce the tax burden on sale, and this tax is known as the input tax ...
A manufacturer must pay GST on the raw materials they purchase and the value they add to the product. For example, if a manufacturer purchases raw materials costing ₹100 and pays 5% GST, the total cost becomes ₹105. Upon adding ₹50 in value to the product, he sells it for ₹...
Auto-Pay TDS RazorpayX automatically deducts and pays the applicable TDS before the due date. Not only that, you can view all the challans on the dashboard post-payment. Automate Your Accounts Payable Now! FAQs What is the difference between trade payables and accounts payable? Though the te...
Assume that you installed Feature Pack 1 (FP1) in the Indian version of Microsoft Dynamics NAV 2009 R2 and of Microsoft Dynamics NAV 2009 Service Pack 1 (SP1) installed. After you post a purchase invoice that has theTDS Nature of Deductionvalue specified, theTDS Amountvalue in theTDS Entries...
on the recipient. This means that the recipient must create and maintain a valid invoice to document the purchase. For instance, if a manufacturer buys raw materials from a local supplier who is unregistered, the manufacturer must issue an invoice reflecting the GST applicable to that purchase. ...