A GST number is also necessary to claim the input tax credit, which is the amount of GST paid on the goods or services purchased for business purposes. Input tax credit claim is likely for a GST-registered person only if the supplier has uploaded the invoice details in the GST portal and...
Related Read: List of Goods and Service Tax GST Rates, Slab & Revision 2024 2. What is CGST? CGST stands for Central Goods and Services Tax. It is an indirect tax levied by the central government on intrastate supplies of goods and services, as outlined in the CGST Act of 2017. Under...
GST stands for goods and services tax and whether you pay it or not will depend on the turnover threshold. Learn everything about GST in this guide from QuickBooks.
Dear Experts As per section 25 6A of CGST Act if any person registered under GST does not undergo Aadhaar authentication his GSTIN will be cancelled What is the last date to do the Aadhaar authentication - GST CGST
input service distributors, foreign non-residents needs to file monthly tax returns whereas taxpayers availing composition scheme needs to file quarterly returns to the GST department. You can easily file your return on GST online portal. Don’t miss the GST return date otherwise you have to pay...
Professional Tax Compliance is easy to process, which leads to a quick registration process. As per the regulation paying professional Tax is required to pay the state Gov or the Central government. Therefore, paying professional Tax might help the Employer or a self-employed person to avoid fine...
E-invoicing is not required for B2C – Business to Consumer transactions. However, for taxpayers with AATO above Rs 500 Cr, the invoices need to have self-generated QR Code. Import transactions are also not covered under E-Invoicing. 8. How to generate an e-invoice under GST? An invoice...
On July 1, 2021, new EU tax regulations will come into play when the European Union (EU) Value-Added Tax (VAT) eCommerce package takes effect. The changes
Form 26AS is also known as Annual Statement as it comprises all the tax related information associated with the taxpayer’s PAN number. Q. From which portal can I download Form 26AS? You can download Form 26AS from 2 portals – Bank Website andIncome Tax Website. ...