As a business owner and a taxpayer, you must declare the income that you receive from carrying out business transactions in your GST return. What is GST return? GST return is a document that will contain all the details of your sales, purchases, tax collected on sales (output tax), and ...
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...
In the case ofe-filing of income tax return, you get to know your requirement of paying taxes. You should first check whether you can pay physically or throughe-payment modeonly. The below people are not allowed to make physical payments of their direct taxes; instead, they can only go ...
Corporate Income Tax: It is the tax is charged on the taxable profit of companies and other unincorporated bodies. Do you know? In the year1860,Sir, James Wilsonintroduced this tax in India for the very first time. He was thefirst Finance Minister of India. The reason for its imposition ...
Eligibility for Filing GSTR-1 How to Revise GSTR-1? GSTR-1 Late Fees and Penalties What is GSTR-1? GSTR-1 or the Goods and Service Tax Return-1 is to be filed by each registered taxpayer every month or quarterly. Details relevant to taxpayers' sales & outward supplies must be enter...
The return filing season is going on. So let us have a quick understanding of what is e-filing of return? The process of electronically filing Income tax returns through the internet is known as e-Filing or electronic filing of return. This means you no longer need to visit the nearest ...
Does Interest attract on GST Tax payment delay? Levy of late fee for GST Tax returns filing in India I pay Service Tax on my services. But I am not sure how do I pay the new GST? Notice to GST return filing defaulters When to file Annual Return of GST online?
So, let’s dive in. Quick Look at ITR ITR or theIncome TaxReturn is a form that is needed to be filed by all the eligible individuals and submitted to the Income Tax Department of India. It comprises all the information about your income and earnings for a particular fiscal year, i.e...
GST stands for Goods and Services Tax. It is an indirect tax set on the supply of goods and services. Goods and Services Tax (GST) is an improved system over the previous Value Added Tax (VAT) in India. It applies a single tax rate on both goods and services. Unlike VAT, GST is ...
Taxpayers in India will need to file income tax returns for Assessment Year 2023-24 by 31st July, 2023. Get the tips to meet the due date on time.