The claim for a GST refund must be submitted within two years following the relevant date. This is in accordance with the CGST Act of 2017 Section 54. The relevant date may vary based on the kind of refund that is requested. For the majority of refunds, the relevant date is the day th...
There are many types of GST returns filed by the taxpayers in a year. Each GST return form has a particular due date before which we have to file GST return to the tax department. It is necessary for a taxpayer to go for GST return filing before the due date. List of all returns to...
5.What is the Central Goods and Services Tax (CGST)? 6.Why does the split of GST to IGST, SGST and CGST arise? 7.Testimonials The Goods and Service Tax (GST) is a term signifying one tax, one nation policy. An end-user that consumes any good(s) or service(s) pays the GST. We...
It is also critical to analyze and forecast the impact this will have on future operations. Deferred tax assets and liabilities, for example, may have a significant effect on cash flow. The increase in deferred tax liability or the decrease in deferred tax assets is a cash source. A decrease...
STEP 1: Select the option ‘Invoice’ (built-in every accounting/GST software) Choose the relevant branch (out of multiple branches) that will issue the invoice. If there is no branch, this option will not appear. STEP 2: Feed-in Date of Invoice: ...
Each tax authority’s website will have details on how to file and your due date. Due dates vary, and the frequency with which you file a return may also vary. In the US, large companies with a higher tax liability will often file more frequently (monthly), and smaller companies might...
Run the Credit Note Details report based on their related invoice entities such as the invoice status, due date and the invoice number. 20 May 2019 Added the Vendor Credit Details Report under Payables View the details of your vendor credits in the Vendor Credit Details report in Zoho Books,...
certain goods and services in the US. It’s called an "indirect tax" because it is imposed on the business but paid by the customer. The business collects the tax from the customer and is responsible for sending (remitting) the tax to the appropriate government agency at a set due date....
The GSTT is assessed when the gift or property transfer is made; GSTs can occur before or after the death of the transferor. While still alive, the transferor can give the gift directly to the skip person; depending on the size of the gift, federal gift taxes may be due. Upon death,...
If you owe taxes to the CRA and can't pay in full by the due date, you should contact them to discuss payment arrangements. The CRA can work with you to set up a payment plan based on your financial situation. Like many other tax authorities, they may have flexibility on when you ar...