Tax Updates
Legal Requirement of GST Audit A GST Registered person whose turnover is in excess of INR 5 cr in the previous financial year are required to file Form 9C (Reconciliation Statement). From F.Y. 2020-21 onwards, GSTR 9C is to be fill on a self certification basis. The registered person is required to submit following list …
Legal Requirement of Annual Return Section 44(1) of CGST Act: – Every registered person shall fill an annual return for every Financial year. Annual Return to be fill electronically once for each financial year on or before the 31st December following the end of financial year. Form GSTR 9 contain the details of all outward …
Due date Compliance Calendar December 2023 – Income Tax Dates Act Nature of Due dates 7th Dec 23 Income Tax Deposit of TDS / TCS for the month of November 2023. However, all sum deducted by an office of the government shall be paid to the credit of the Central Government on the same day …
Due date compliance Calendar June, Various GST and Income Tax due dates in the month of June 2023..
Due date compliance Calendar April, Various GST and Income Tax due dates in the month of April.
Delhi GST Commissionerate Areas List Delhi GST Commissionerate Areas List (Zone Code 51) – The address of Delhi Zone is CR building, IP State, New Delhi. Delhi Zone divided into following four commissionerate. A. Delhi North Commissionerate (Commissionerate Code ZI): Delhi North Commissionerate divided in following 9 divisions. A.1. Darya Ganj Division (Division Code ZI01) …
Composition Scheme: – Composition Scheme under GST is a very simple and hassle free compliance scheme for small taxpayers. The main objective of composition scheme is to reduce compliance cost for small taxpayer. Section 10 of CGST act explained the provision of composition levy scheme. It is a voluntary scheme and under this scheme eligible …
E Invoice under GST, E Invoice applicability, E Invoice exemption, Penal provision on E Invoice, E Invoice cancellation, E Invoices Notifications
GST provide 15 digit alphanumeric unique identification number to a person who gets registered under the GST Law. The allocation of GST Number to the taxpayer is based on Pan and State of the applicant. The First Two code of a GST Registration number represents the GST State Code. (Please check below GST State Code …
Assessments under GST Assessments under GST:- As per section 2(11) of CGST act, “Assessment” means determination of tax liability. Assessment includes self assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment. In this Article, we discussed about various types of assessments under GST. Types of Assessments under GST: – There are following type of …