A GST number is also important to avoid penalties for non-compliance with the GST Act. If a person is liable to register under GST but fails to do so, he or she may face a penalty of 10% of the tax due or Rs. 10,000, whichever is higher. Similarly, if a person collects GST fr...
Uses for Form W-9 Who is responsible for Form W-9? Information required on Form W-9 Penalties for an incomplete or non-compliant Form W-9 Backup withholding How to properly and securely complete Form W-9 What is Form W-9? When a business or individual hires a contractor or vendor fo...
GST is to be paid by every GSTIN or the taxpayer so that the tax administrative authorities for calculation of the net tax liability. GST is applicable to any business that processes Sales, Purchases, Sales Output on GST, and/or, Paid GST on Purchases (also called Input Tax Credit). All...
A GST refund is a claim to reclaim excess taxes paid by a taxpayer for various reasons, such as exports, excess input tax credits, or other specific circumstances. Businesses must file claims for GST refunds to protect their finances and guarantee that they are adhering to tax laws. The obje...
Uses for Form W-9 Who is responsible for Form W-9? Information required on Form W-9 Penalties for an incomplete or noncompliant Form W-9 Backup withholding How to properly and securely complete Form W-9 What is Form W-9? When a business or individual hires a contractor or vendor for...
Within six months the dealers are supposed to submit the registration GST form in the GST portal along with required information. Once all the data and information provided is accepted you will be provided with a final GST registration certificate in registration form 6. ...
What is federal withholding? What is the nanny tax? What is a tax holiday? What is tax season? What is the Goods and Services Tax (GST)? What is tax-exempt interest? What is a tax treaty? What is property taxation? What is the income tax rate in Canada?
E-invoicing under GST streamlines B2B transactions for GST-registered businesses. Learn more about e-invoicing and e-invoice applicability.
A Quote, also known as a quotation, is a document that informs a potential customer of the cost of products or services provided by your business. The Qu
By using direct delivery functionality, you can create deliveries directly from vendors to customers, reducing delivery time and order administration. During direct delivery, when a purchase order is created, the customer delivery address defaults from theSales orderpage. However from the GST prospectiv...