Goods and Services Tax
The following are the various Statutory Obligations for the month of Feb 2025. Act Nature of Compliance Due Date Income-tax Due date for deposit of TDS for the month of Jan 2025 07th Feb 2025 GST Return for Tax Deducted at source to be filed by Tax Deductor in GSTR 7 10th Feb 2025 GST […]
Statutory Obligations for the month of Feb 2025 Read More »
The following are the various Statutory Obligations for the month of Jan 2025. Act Nature of Compliance Due Date Income-tax Due date for deposit of TDS for the month of Dec 2024 07th Jan 2025 GST Return for Tax Deducted at source to be filed by Tax Deductor in GSTR 7 10th Jan 2025 GST
Statutory Obligations for the month of Jan 2025 Read More »
Legal Entity Identifier (LEI) Registration In the complex tapestry of global and Indian financial transactions, transparency is a cornerstone. The Legal Entity Identifier (LEI) serves as a critical tool in this context, providing a unique identity to every legal entity engaged in financial dealings. This guide explores the adoption, process, and benefits of LEI registration
The Complete Guide to Legal Entity Identifier (LEI) Registration Read More »
Difference Between ASMT-10 and DRC-01 under GST In the Goods and Services Tax (GST) system, the government follows a structured process to ensure that taxpayers comply with their obligations. Two important notices that taxpayers may receive during this process are ASMT-10 and DRC-01. Though both notices are linked to discrepancies in tax filings, they serve
Difference Between ASMT-10 and DRC-01 under GST – Know about this for correct compliance Read More »
GST E-Way Bill: 15 Essential Precautions to Avoid Costly Mistakes Introduction The Goods and Services Tax (GST) E-Way Bill system is an essential part of transporting goods across India. It ensures that goods in transit comply with the GST laws and helps prevent tax evasion. However, generating an E-Way Bill correctly is crucial to avoid
GST E-Way Bill: 15 Essential Precautions to Avoid Costly Mistakes Read More »
The below are the various Statutory Obligations for the month of December 2023.Please ensure to comply with the obligations to avoid Interest / Penalty Sl. No Nature of Statutory Obligation Statute Due Date Link 1 Due Date for Payment of TDS for the month of November 2023 Income-Tax 07th Dec 2023 Link for Payment of
Statutory Obligations for the month of December 2023 Read More »
Understanding GST on Reverse Charge Mechanism (RCM) for Security Services The implementation of the Goods and Services Tax (GST) in India brought significant changes to the taxation system. One such change is the Reverse Charge Mechanism (RCM), which shifts the responsibility of tax payment from the supplier to the recipient. In this article, we will
Understanding GST Input Tax Credit: How to Optimize Your Claims The Goods and Services Tax (GST) has revolutionized the Indian taxation system, bringing about a unified tax structure across the country. Under the GST regime, businesses can claim Input Tax Credit (ITC) to offset the taxes paid on inputs against the output tax liability. This
Filing of Appeals under GST The Goods and Services Tax (GST) is a comprehensive indirect tax law that was introduced in India in 2017. The GST law provides for a number of appeal mechanisms for taxpayers who are aggrieved by the decisions of the tax authorities. The authority passing the order may be GST officer,
The CBIC has reduced the E invoice limit for business from the existing 10 Crores to 5 Crores. This is w.e.f. 01st Aug 2023. Accordingly, if the turnover of the business has exceeded more than 5 Crores in any of the Financial years starting 2017-18, E invoicing will be applicable w.e.f. 01st Aug 2023. The
E Invoicing Limit reduced to 5 Crores w.e.f 01st Aug 2023 Read More »
Whether e way bill is required for goods sent for weighment to the weighbridge
E WAY BILL REQUIREMENT FOR GOODS SENT FOR WEIGHMENT TO THE WEIGHBRIDGE Read More »
GST on Renting of Immovable Property Have queries in GST on Renting of Immovable properties ? Click here to send an enquiry/appointment
Quick Referencer – GST on Renting of Immovable Property Read More »
Lady opportunity for Tran 1 & Tran 2 filing for availing the GST Transition credit
GST Transition Credit – Last Opportunity Read More »
The recent 45th GST Council meeting had suggested changes in GST Rates in respect of various goods and services. These changes in rates are w.e.f. 01st Oct 2021. For giving effect to these changes, the below notifications arere issued :- 06/2021-Central Tax (Rate) ,dt. 30-09-2021 07/2021-Central Tax (Rate) ,dt. 30-09-2021 08/2021-Central Tax (Rate) ,dt. 30-09-2021
Changes in GST Rates w.e.f 01st Oct 2021 Read More »
Filing of GST Returns on due dates is very important in GST regime which not only ensures seamless flow of Input tax credits but also to keep the GST Registration active. Due to various reasons, if you have not filed your GST returns for any months between July 2017 to April 2021, here is an
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