The objective of the GST system’s refund provisions is to harmonise and standardise the processes involved in filing returns. Businesses or individuals must file a refund claim using the appropriate forms, such as Form GST RFD-01, along with supporting documentation in order to be eligible for...
Under the new e-invoicing system, taxpayers have to generate e-invoices according to the guidelines set by the GST Council of India. This system ensures that a common format is followed by all businesses before reporting invoices to the GST portal. In this system, B2B (business-to-business...
scenario that counts as interstate supply is in cases of the import or export of goods and services, or when the goods and services are supplied to—or by—the SEZ unit. If the transaction is inter-state, then the seller collects Integrated Goods and Services Tax (IGST) from the buyer. ...
This article provides a summary of the new features and critical bug fixes that were released in Microsoft Dynamics 365 Finance versions 10.0.15 through 10.0.19 for the Indian Goods and Services Tax (GST) localization.New featuresTCS on sale of goods...
Enable Export/SEZ Endorsement You can now enable endorsements for SEZ and overseas customers, indicating whether the supply is made with or without the payment of integrated GST (IGST). This feature is only supported in Spreadsheet and Standard invoice templates, and your business must be GST-regi...
This article describes new or changed functionality that was released in Microsoft Dynamics 365 Finance version 10.0.13 for the APAC India Goods and Services Tax (GST) features.
Code will be used to identify types of supply such as business to business, business to consumer, supply to SEZ/Exports with or without payment, and deemed export. 24Item Description Max length: 300 The sample value is ‘Mobile’ The schema document refers to this as the ‘identification sch...
SEZ benefitsShipping lines worldwideShort shipment in Export business Shut out procedures to get back goods to exporter's place Spelling error in LC? Is wrong spelling a discrepancy under Letter of credit? Stuffing and De stuffing – 2 regular terms used in shipping Surrender of Bill of Lading...
Applicable import duty after GST implantation How to calculate IGST under imports? Changes in IEC after GST Linking IEC with GSTIN in customs Import under EPCG after GST GST on imports by EOUs and SEZs Changes of operation of SEZ Does CVD exists under project imports?
GSTIN, IEC, and PAN Name and address of the importer You can check the status of your bill of entry by logging into your ICEGATE account or using the ICEGATE enquiry website. Check for Different types of Business Loan at CreditMantri, Apply and Get Benefited What Is A Shipping Bill? A...