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...
What is GST Return? An official document that provides exhaustive data of all your purchases, sales, tax paid on your purchases, along with the tax collected on your sales is called a GST Return. This is to be paid by every GSTIN or the taxpayer so that the tax administrative authorities...
E-invoicing under GST streamlines B2B transactions for GST-registered businesses. Learn more about e-invoicing and e-invoice applicability.
Thelist of such schemes and initiatives is quite extensive. It showcases theimportance of the sector and why the Government is keen on helping them… Deskera BlogShikha Samant Goods and Services Tax - India. The What, How, Why, When of GST Goods and Services Tax (GST) is also known as...
GST GST Form Income Tax Income Tax Necessary Tax Exemption Limit Is filing ITR Compulsory File with ITR Allindia ITR File ITR For First Time Self File a Tax Return Calculate Tax How Long without Filling ITR Tax Returns are Audited Is It Illegal to not File ITR Is It necessary To E-...
2.If a ledger shows a NIL balance, it is not considered in the preparation of the trial balance. 3.The purchase or consumption ledger always carries a debit balance and appears on the debit side of the trial balance. 4.The revenue account always carries a credit balance and appears on th...
Direct Filing and Signing of GSTR-1: File and sign the GSTR-1 return directly from TallyPrime, simplifying compliance. Enhanced Outstanding Reports: Gain insights on ITC at-risk with improved outstanding reports. GSTN Integration: Fetch, validate, and create ledgers using GSTN, ensuring accuracy...
Filing GST of March, April, May 2020 Filing of Belated Returns of FY 2018-19 For Financial Year 2018-19 (the period from 1stApril 2018 to 31stMarch 2019), the last date of filing of Belated Income Tax Return was 31stMarch 2020 earlier. Now the date has been extended up to 30thJune ...
India announced the implementation of a New GST Returns system. This system is likely to be implemented in April 2020 and will contain simplified return forms for ease of filing across all taxpayers registered under GST. Currently, in its trial phase, this New GST Returns System will be intro...
While denoting a zero, you need to mention ‘NIL’. You must indicate any negative values using a “-“ (minus sign). You are also required to present the rounded off figures, where necessary. Incorrect or inaccurate information can imply prosecution per the Section 277 of the ITA. Therefor...