Goods and Services Tax (GST) has revolutionized the taxation system in India by replacing multiple indirect taxes with a unified tax structure. Under the GST regime, businesses are required to file various returns to comply with tax regulations. One such crucial return is GSTR-1, which plays a pivotal role in the GST compliance framework.
Scrutiny notices and intimations are floating in the recent times where department is alleging the taxpayers to reverse the excess input tax credit claimed in Form GSTR 3B as compared to credits appearing in GSTR 2A.
GSTR-9 annual return form that needs to be filed once a year by registered taxpayers under GST disclosing a detailed summary of outward supply and taxes paid thereon, input tax credits claimed, taxes paid and refund claimed in the financial year in respect of which such annual return is filed.
GSTR 2X return should be documented by citizen who needs to guarantee for TDS and TCS credit got. Here citizen will get auto-populace of information from his counterparty who documents GSTR 7 and GSTR 8 for example TDS deductor and Tax authority. This arrival can be documented by all the citizens who are making determined deals on the web based business stages or potentially went into any sort of works contract with Government offices who deduct charges.
We provide various GST reports in tally prime to file GST returns very smoothly with 100% accuracy. You can view GSTR-2A & 2B in the report format with tax computation details. Download the software now! https://tallykonnect.com/
In a recent ruling, the Kerala High Court delivered a significant verdict regarding Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime.
The yearly return filed by the registered taxpayers in GST, including those listed under composition levy scheme, is known as GSTR-9. It entails features about the supplies made and received during the year underneath different tax heads i.e. CGST, SGST, and IGST. It associates the information provided in the monthly/quarterly returns during the year.
All the businesses registered under GST are provided a unique identification number known as GST Identification Number or GSTIN. This number will be used to identify you as a registered taxpayer.
Faculty For Course : SURESH M.L (Team has conducted more than 100 Workshops / Training Programmes/Online Classes across India) Language of the Course : GSTR - 9 Course will be in English Language. Course Start Dates : Batch Start Date – 08th June 2019 (Saturday). Fees For Course : Rs. 3,000 (Inclusive of all taxes). Click here to know about Our Earliest Workshops https://www.gsttrainingbangalore.com/annual-return-practical-workshop-bangalore.aspx
India Tax has been brought for you Monthly GST return filing for GSTR-1 (outward supply) and GSTR-3B (consolidated information), quarterly GST return filing for GSTR-4 (composition sales) and GSTR-1 (quarterly outward sales) , Annual GST return filing for GSTR- 9 (consolidated information for the financial year),
File GST return free with TaxRaahi GST software. File GSTR1, GSTR 2, GSTR3 and all other GST returns. Features include Multi-user management, Excel import, easy reconciliation & direct return submission etc.
Section 16(4) of the CGST Act, 2017 presents issues for taxpayers who have had their Input Tax Credit (ITC) rejected. Taxpayers sometimes become aware of its significance only after receiving tax letters. Several cases enforced by government authorities include taxpayers who filed GSTR 3B after the deadline under section 16(4). As a result, the ITC for the relevant month is rejected. For example, if the GSTR 3B for March 2023 is filed after the due date stipulated in section 16(4) (November 30, 2023), the ITC for March 2023 will be rejected.
The Government has given leverage to tax payer who has not fied Form GSTR-1, GSTR-3B and/or GSTR-4 from July'17 to September'18 then such compliance could be done without any late fees u/s 47 subject to the condition that filing of return would be done between 22-12-18 to 31-03-19 only.
The Government has given leverage to tax payer who has not fied Form GSTR-1, GSTR-3B and/or GSTR-4 from July'17 to September'18 then such compliance could be done without any late fees u/s 47 subject to the condition that filing of return would be done between 22-12-18 to 31-03-19 only.
The reconciliation process ensures that no sales or purchases are omitted or wrongly reported in the GST returns. Download and Review the report. Reconciling GSTR 2A in tally.
GST Reconciliation is the process of reconciling Purchase register & GSTR- 2A data and is required to correct the mismatches between the details of invoices captured in GSTR-2A and the details recorded in purchase register & ensure that Input Tax Credit (ITC) can be availed. http://www.ricago.com/
Lessons Learned What not to do! What Mission? Make it Know it Stick to it GSTR s mission is preservation Everyone gets mixed turkey flocks, even though some ...
GSTR 3B is a monthly self-declaration form that a taxpayer is required to file on a monthly basis. Form GSTR 3b consists of summarized details of supplies made during the month along with the details of paid taxes, ITC claimed, purchases under reverse charge mechanism, etc. Furthermore, the taxpayer is also required to make provision for the payment of taxes, if any, for the relevant month.
For ease of professionals and GST Practitioners, we are coming up with GSTR - 9 certification course batch which will be scheduled on 08th June 2019 for those persons who are dealing in GST. Faculty For Course : SURESH M.L (Team has conducted more than 100 Workshops / Training Programmes/Online Classes across India) Language of the Course : GSTR - 9 Course will be in English Language. Course Start Dates : Batch Start Date – 08th June 2019 (Saturday). Fees For Course : Rs. 3,000 (Inclusive of all taxes). Click here to know our earliest workshops https://urlzs.com/BjsJ5
In Our GST Guide we can explain all about GST. You can find the what is the benefits of GST?, When It Is Mandatory To Register Under GST, Do I Need GST Registration In Each State Where I Am Doing Business?, What Is GSTIN?, What Are The Compliances After GST Registration?, General Elements Of GST Invoice, When to file GST Return?, About Input Tax Credit under GST, How to avail Input Tax Credit under GST, Composition Scheme Under GST, GST Compliance Rating, How to check business whether registered under GST or not?, E-Waybill System, How does GST Registration Certificate look like?, Documents Required For Gst Registration etc.
From error identification and reconciliation to return filing and reporting, Cygnet GSP provided a complete GST automation solution to a leading pvt. bank of India. At Cygnet, we have designed an implementation methodology – TRACE which is comprehensive and tailored to specific client needs. It extracts, validates, processes, reconciles and reports the financial tax data from your systems and prepares your GST returns for filing them on GSTN portal. Read the case to know how TRACE works and how can Cygnet help you to automate your GST filing process.
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The Goods and Services Tax (GST) has become a revolutionary tax system that simplifies indirect taxation in India in the constantly changing tax landscape. Regularly completing GST returns is an essential part of business GST compliance. If you want a safe and authentic place for seamless GST Return Filing Online in India, contact Eazy StartUp. We also provide GST Registration Cancellation Online, GST Registration, company registration services, etc. For More Information Please Visit Our Site: https://www.eazystartups.com/
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All registered businesses need to file monthly, quarterly, and/or annual GST Returns supported the sort of business. There are so many GST Consultants in Gurgaon, Lakshmi Associates is one of the best. Lakshmi Associates helps GST registration in Gurgaon & GST filings in online happen on the GST portal. Lakshmi Associates is one of the best CA firms in Gurgaon.
GST Billing Software from Partum Software provides a complete solution for simplifying and streamlining your business operations in today’s fast-paced environment. The software is highly customizable, so businesses can adapt it to their needs. We develop custom software according to your exact requirements.
CaptainBiz is an intuitive billing software tailored for small businesses. Streamline invoicing with professional templates, track expenses efficiently, and facilitate seamless payment processing. Boost financial organization and save time with CaptainBiz's user-friendly interface, empowering small businesses to manage their finances effortlessly.
Academy tax4wealth is providing GST Return Filing Course online by Experienced Professionals who provide practical examples during the sessions. Under the GST Certification Courses it is of Great use to Learn how to file GST Return online to enhance your profile. More info : https://academy.tax4wealth.com/ https://academy.tax4wealth.com/public/category/gst-certification-courses
Functionality for validating bank account and to view the status of validation. A functionality was implemented on the portal for taxpayers to validate their bank account.
The introduction of GST by the Indian Government is one of the most significant steps to bringing the nation under one taxation system. This tax came into effect in the year 2027 to remove different types of indirect taxes on goods and services.
How to file GST return? Learn more about the many form of GST return, which needs to file them, the process step – by – step, the deadline, how to download, etc. Learn more! For more info, visit us at:- https://academy.tax4wealth.com/blog/how-to-file-gst-return-due-dates-types-of-gst-return
CaptainBiz.com is an online billing app offers a fast and efficient way to organize your invoicing and get paid on time. With our user-friendly invoicing tools, you can create and send professional invoices in minutes, track payments, and manage your cash flow with ease. We also provide inventory management tools that help you keep track of your stock levels, reduce costs, and avoid overstocking or stock shortages.
It can be difficult to navigate the GST (Goods and Services Tax) landscape in India, particularly when terminating your GST Registration. Knowing the right process for GST Registration Cancellation is essential, regardless of whether you’re terminating your company, downsizing, or your yearly revenue is below the required registration threshold. To provide a seamless transition for your company, this article will lead you through the why, when, and how of cancelling your GST registration. Before we get into the discussion, if you are looking for professional help with your GST Registration Cancellation Online in India, contact Eazy Startups today. There is no doubt that such a process involves a lot of complications, but with the assistance of specialists from Eazy Startups, you can avoid all complications along the path. Thus, you can achieve a hassle-free GST Registration Cancellation.
GST system is a new tax system in India . It is a very cogent form of tax system .Taxpayer need to know about certain basic terms in GST like GST registration, GST Return Filing, GST Software and GST Assessment.
GST Return is a document that contains details of a taxpayer's sales, purchases, taxes collected on sales, and taxes paid on purchases. GST Return is a way of showing the government how much tax you have collected and paid during a specific period. Who Should File GST Return? GST Return is mandatory for all registered taxpayers who are engaged in the supply of goods or services or both. This includes regular taxpayers, casual taxpayers, non-resident taxpayers, and those who are required to deduct tax at source or collect tax at source
Due to the epidemic, the government has temporarily blocked permitting taxpayers to generate E-way bills. The taxpayers were greatly relieved by this suspension since it saved them the inconvenience of having to unlock E-way bills that had been blocked for non-compliance. However, the most recent GST advisory, which was made public on August 4th, 2021, noted that, in accordance with Rules 138 E (a) and (b) of the CGST Rules, 2017, the blocking of the E-way Bill (EWB) generating facility has restarted after August 15th, 2021.
The latest version of TallyPrime is the TallyPrime 4.0. Tally, just like before, has come up with an exciting new version which is said to be even better than the previous versions. With features like WhatsApp integration in Tally, enhancements in the data import option, the graphical dashboard and a lot more.
Govt. vide Notification No. 18/2022-Central Tax dated 28.09.2022 appoints 1st October, 2022, as the date on which the provisions of sections 100 of the Finance Act,2022 shall come into force.
The GST Law was implemented from 01st of July 2017 after subsuming several taxes and levies. About 17 laws such as central excise law, service tax law, value added tax, entertainment tax etc. were subsumed.
The fundamental highlight of the yr 2020 goes to be the new GST returns. The new returns shall introduce new and simplified forms GST Ret 1, Ret 2 and Ret 3 together with annexure shape GST Anx 1 and Anx 2. Unlike the cutting-edge submitting machine, the new forms shall be uploaded on a actual-time foundation, and backed with eInvoicing mechanism, it's far anticipated to partially automate the shape preparation system.
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Here you know about latest questions and answers on GST. By click on the given link, you can also register on the portal and know more on GST by our experts.
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Fake Invoices under GST: Here, in this article, we will discuss how to deal with fake invoices and what actions to take after a fake invoice has been identified.
GST aims to introduce to simplify the indirect tax system of the country that has replaced many indirect taxes in India such as excise duty, VAT, and services tax. Global Jurix is a top law firm in India that offers GST Registration Services at a cost-effective price.
E-invoicing and ITC Claim: Positive Impact of E-invoicing on GST Reconciliation & ITC | 5 ways in which e-invoicing will help in faster and better reconciliation https://einvoice6.gst.gov.in/content/e-invoicing-and-itc-claim-positive-impact-of-e-invoicing-on-gst-reconciliation-itc/
Our Inventory Expert’s GST BILLING SOFTWARE has been helpful to every business billing experience through making it easy, flexible, and comfortable for sales orders, quotations, delivery slips, estimate bills, and their conversion to GST billing, e-way billing, e-invoices, and account tax billing, including normal billing with your style requirement, bill model, or format details. Also, more than 3000 bill models are available in the Inventory software with varying styles. We are using different technology logic to fulfill future technology competition.