Article explains Categories of person who can file an Annual Return in Form GSTR-9A, Pre-requisites for filing GSTR-9A, Filing of NIL Annual Return, Things to be done before filing GSTR-9A, Download system computed summary of GSTR-9A and GSTR-4, Structure of Annual Return GSTR-9A, GSTR-9A filing steps at GST portal, Payment of additional tax liability and […]
Special procedure for person paying tax under section 10 or availing benefit of Notification No. 2/2019-Central Tax (Rate) dated 07th March 2019 The Central Board of Indirect Taxes and Customs, vide notification no. 21/2019 – Central Tax dated 23rd April, 2019 has laid down special procedure to be followed by specified categories of persons. Specified person […]
The registered taxpayer under GST is very much concerned about the ITC utilization rules since dealing with three types of ITC i.e. ITC of IGST, CGST and SGST. The taxpayer has already seen various amendments in the utilization rule which directly affects its finance. The amendment in ITC utilization rule, vide insertion of section 49A, […]
Every registered taxpayer under GST is required to file an annual return in FORM GSTR-9, however, there are some categories of persons who are exempted from filing of an annual return in FORM GSTR-9. Present article decodes the provisions relating to filing of an annual return in FORM GSTR-9 along with FAQ. List of relevant […]
Coming to the filing of a reconciliation statement in FORM GSTR-9C, it is important to note that only those registered taxable person whose aggregate turnover during a financial year exceeds INR 2 Crore are required to file reconciliation statement in FORM GSTR-9C along with the filing of an annual return in FORM GSTR-9.
In general terms, an invoice is a commercial instrument which is being issued by a seller to the buyer. Invoicing plays a very crucial role and is of high importance under GST. Generally, the registered taxable person under GST is required to prepare tax invoice, however, other forms of invoices relevant under GST are mentioned hereunder
Here’s how you can analyse your potential investment properties and determine the return you made on real estate investment. it’s important to calculate the ROI (return on investment) to determine the profitability from such property.
Discover the importance of the soon approaching due date March 31, 2019. Learn about tax planning and filing income tax returns before it’s too late.
‘Gratuity’ in simple term is a reward given by the employer to his employee at the time of his retirement / resignation / termination / death. Present article contains the answer to the basic gratuity related questions like what is the eligibility criteria of gratuity, what is the gratuity calculation formula and what is the […]
With the soon emerging payment of last installment of advance tax for the current financial year 2018-2019, which is due on 15th March for all the assessee (other than 44AD and 44ADA assessee) and 31st March for assessee who are paying tax under section 44AD and 44ADA, let understand the entire concept of advance tax […]
