TCS u/s 206C(1H) has been implemented from 1.10.2020. However, a question is arising as to how this TCS in the Tax invoice should be reported in GSTR1 under GST.
In this Article, the practicalities and nitty-gritty of the new Quarterly Return Monthly Payment (QRMP) Scheme are being decoded and explained with the help of practical illustrations.
Understanding the update related to the auto-population of E-Invoice in GSTR-1 which has been provided on the GST Portal.
CBIC has issued 8 important notifications on 10th Nov 2020. The summary of such notifications along with a link to said CGST notifications is given in this article.
CBIC has released a new GST Form-2B, which will be inserted after Form-2A. In this article, we discuss the particulars and format of the said new GST Form-2B.
CBIC on 10th November 2020 issued various important GST Notifications related to GSTR 1, Form-2B, GSTR-3B, and GST E-Invoicing, etc. Know about all these notifications here.
As a principle, exemptions are extended in tax statues to grant relief or ease the burden of consumers keeping in view the interest of the general public at large.
Given in this article, is the Tax Compliance Calendar for Nov 2020 so that you don’t miss out on the important due dates for GST, Income Tax filing, ESI, PF, and Professional Tax Payment.
The ITC for the wires/towers laid for the transmission of the electricity is available u/s 16 of the CGST Act, 2017 but is blocked under clause (d) of Section 17(5) of the CGST Act, 2017.
An analysis of whether Input Tax Credit will be available on the purchase of Diwali gifts? Discussing two scenarios.
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