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Double Entry System of bookkeeping handles with two or more accounts for every monetary transaction. Each money related exchange has an equivalent and inverse impact in something like two unique accounts.
Invoice is an important part of the GST ecosystem as it contains all the important information such as HSN/SAC Code. This article talks about rules that one must follow while revising tax invoice under GST.
Till now there is not revision facility available for GSTR-3B and the only possible resolution to correct it is via GSTR-1 and GSTR-2 in case the figures got wrongly input by us while submitting the GSTR-3B.
Here is list of HSN Code and GST Rate for Edible Animal Products, Egss, Honey & Milk Products like Cheese, Curd and Cream, etc
In this article, we talk about frequently asked questions (FAQs) about Form GSTR-9. We answer to questions including what is GSTR-9, who is required to file GSTR-9, difference between GSTR-9 and GSTR-9C.
E-way Bills are required in the case of transhipment of goods. At the time of generating the E-Way Bill, the mode of transport (Road, Rail, Air Ship) is to be mentioned in Part B of the form EWB-01.
The Finance Ministry has introduced e-invoicing to focus on Electronic Data Interchange (EDI). E-Invoices are electronically generated bills exchanged digitally with/without compliance component.
EXEMPTION OF GST ON SERVICES BY NBE, CENTRAL AND STATE BOARD
FORM GST PMT-02 is for every GST registered person eligible to claim Input Tax Credit (ITC) on the GST common portal, an electronic credit ledger. Every claim of ITC will be credited to this ledger.
Artificial intelligence in accounting has proven to be a game-changer in the careers of accountants. AI in accounting saves the real money of your company.
The CBIC and the CBDT have introduced Covid relief measure for taxpayers in meeting statutory and compliance requirements. This includes extension of due dates, relief in interest rates, waiver of late fee, etc.
Financial statements are essentially reports that portray the financial data of an organization. Company’s true and fair view of financial performance can be judged by its financial statements.