of unpaid bill to transporter is lying pending since FY:2011-12. Now both the parties agreed for out of court settlement. Under this situation transporter willing to issue credit note to purchaser and demanding a debit note from them but the purchaser not agreeing to issue debit note. Please...
What is LC Letter of Credit in export import business Refund of Input Tax Credit (ITC) of GST, FAQ Migration procedures for existing VAT payers to GST online in India Refund of GST paid in India, FAQ 4 Conditions when applying for refund of Input Tax Credit (ITC) under GST Enrolling an...
The purchaser issues a debit note to the vendor, stating that the vendor's bank has been deducted in the purchaser's accounts for the cost of the returned goods to conclude a return outwards deal. Returning indoors diminishes a vendor's sales. Additionally, it generates a payable in the ...
For transactions exceeding ₹100,000, the charges are ₹15 plus applicable GST. It is important to note that these charges apply only to outward IMPS transactions. Inward IMPS transactions remain free of charge. Final Note IMPS stands as a testament to India's growing prowess in digital ...
If your resume conveys that you can handle the job, hiring managers will take notice of you and contact you for further rounds of interviews. What should be included in a resume? Make sure your resume, at the very least, has the following sections: ...
Note: If the buyer fails to furnish his PAN, he shall be liable to pay Tax Collected at Source @ 5% or twice the normal rates, whichever is higher. What are the Cases of TCS Exemptions? Tax collection at the source is exempted in the following cases: ...
VAT (Value Added Tax) or GST (Good & Service Tax) is not directly an expense. This is because companies get a tax credit for the amount they have already paid. However, to claim such a credit, the companies need to follow a specific procedure regarding invoicing, registration, and more....
Note: As per the GST Council Meeting, filing of GSTR-2 and GSTR-3 is suspended. The auto-populated statement available in GSTR 2A will also be available in GSTR 2. In other words, GSTR 2A will be an exact copy of GSTR 2, in which your suppliers will have the details declared ...
Supplier GSTIN The financial year in the format – YYYY-YY. For example, 2021-22. Invoice, credit or debit note number of the supplier When to Generate the Invoice Reference Number? A company will need to generate the invoice reference number when they are raising an e-invoice, debit or ...
Revenue expendituresare unquestionably one of the most important aspects of any business enterprise. Such expenditures play several important roles. Take a note of the following tips to become acquainted with a few – 1. Having a good understanding of the effectiveness of eachrevenue expenditureaids ...