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Anonymous
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Anonymous
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  1. Ankita Khetan

    It's too early to discuss whether GST is good or bad. It is a subjective matter of discussion. Compliance burden has increased for the taxpayers. Implementation is not being done in the manner it was envisaged when the GST was rolled out. GST Laws will take time to settle in India it is still evolviRead more

    It’s too early to discuss whether GST is good or bad. It is a subjective matter of discussion. Compliance burden has increased for the taxpayers. Implementation is not being done in the manner it was envisaged when the GST was rolled out.

    GST Laws will take time to settle in India it is still evolving. This question can be answered better after another 4-5 years. When benefits of the law will reap or drawbacks will show up.

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Anonymous
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  1. Bharat Khanna
    This answer was edited.

    Know GST Full Form & GST Meaning in Different Languages. S. No Language GST Full Form in Different Languages 1 GST Full Form in Hindi वस्तु एवं सेवा कर 2 GST Full Form in English  Goods and Services Tax 3 GST Full Form in Marathi वस्तू आणि सेवा कर 4 GST Full Form in Kannad ಸರಕು ಮತ್ತು ಸೇವೆಗಳ ತೆರಿRead more

    Know GST Full Form & GST Meaning in Different Languages.

    S. No Language GST Full Form in Different Languages
    1 GST Full Form in Hindi वस्तु एवं सेवा कर
    2 GST Full Form in English  Goods and Services Tax
    3 GST Full Form in Marathi वस्तू आणि सेवा कर
    4 GST Full Form in Kannad ಸರಕು ಮತ್ತು ಸೇವೆಗಳ ತೆರಿಗೆ
    5 GST Full Form in Telegu వస్తువులు మరియు సేవ పన్ను
    6 GST Full Form in Malayalam വസ്തുക്കളും സേവന നികുതിയും
    7 GST Full Form in Bengali পণ্য ও সেবা কর
    8 GST Full Form in Urdu سامان اور سروس ٹیکس
    9 GST Full Form in Nepali सामान र सेवा कर
    10 GST Full Form in Tamil பொருட்கள் மற்றும் சேவைகள் வரி
    11 GST Full Form in Sindhi سامان ۽ خدمت ٽيڪس
    12 GST Full Form in Arabic ضريبة السلع والخدمات
    13 GST Full Form in Gujrati માલ અને સેવાઓ કર
    14 GST Full Form in Punjabi ਗੁਡਸ ਅਤੇ ਸਰਵਿਸਿਜ਼ ਟੈਕਸ

     

     

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Anonymous
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Anonymous
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  1. Saudamini

    I am assuming that you are enquiring about the filing of Income Tax Returns. You can file Income Tax Returns directly on the Income Tax Portal - https://www.incometaxindiaefiling.gov.in/home. In case you need CA assistance, please drop in your details as a message. We will get in touch with you.

    I am assuming that you are enquiring about the filing of Income Tax Returns. You can file Income Tax Returns directly on the Income Tax Portal – https://www.incometaxindiaefiling.gov.in/home.

    In case you need CA assistance, please drop in your details as a message. We will get in touch with you.

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Anonymous
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Anonymous
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  1. Ankita Khetan

    The IRN, once generated cannot be modified or deleted. However, if IRN is generated with wrong information, it can be cancelled. Once cancelled, the same document (with the same document number) can’t be reported again for the generation of IRN. The cancellation is required to be done within 24 hourRead more

    The IRN, once generated cannot be modified or deleted. However, if IRN is generated with wrong information, it can be cancelled. Once cancelled, the same document (with the same document number) can’t be reported again for the generation of IRN. The cancellation is required to be done within 24 hours from the time of generation.

    If there is a mistake, incorrect or wrong entry in the e-invoice, then it cannot be edited or corrected. The only option is to cancel that invoice/IRN and report a new document (with a new number) and generate a fresh IRN.

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Anonymous
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Anonymous
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  1. Saudamini

    Section 87A was introduced to help taxpayers reduce their income tax liability. In other words, certain taxpayers earning income below a specified limit can leverage the provisions of this section and pay lesser/zero income tax. You can read more about section 87A here - https://www.mastersindia.co/Read more

    Section 87A was introduced to help taxpayers reduce their income tax liability. In other words, certain taxpayers earning income below a specified limit can leverage the provisions of this section and pay lesser/zero income tax. You can read more about section 87A here – https://www.mastersindia.co/gst/section-87a/

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Anonymous
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Anonymous
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  1. Ankita Khetan

    Step 1 Login with valid credentials on the GST portal Step 2 On the Dashboard, navigate to the ‘My profile’ section. Step 3 From the options "Quick Links" select ‘Manage API access’. Step 4 Click ‘Yes’. Step 5 A dropdown for the duration will be displayed. Select the desired duration and then clickRead more

    Step 1 Login with valid credentials on the GST portal
    Step 2 On the Dashboard, navigate to the ‘My profile’ section.
    Step 3 From the options “Quick Links” select ‘Manage API access’.
    Step 4 Click ‘Yes’.
    Step 5 A dropdown for the duration will be displayed. Select the desired duration and then click confirm.

    Hope it helps…

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Anonymous
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Anonymous
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  1. Saudamini

    If you have taxable income in a financial year, you have to file Income Tax Returns compulsorily. If you don’t file Income Tax Returns on time, a penalty of up to Rs. 10,000 may be imposed.

    If you have taxable income in a financial year, you have to file Income Tax Returns compulsorily. If you don’t file Income Tax Returns on time, a penalty of up to Rs. 10,000 may be imposed.

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Anonymous
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Anonymous
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  1. Saudamini

    Income Tax is a direct tax charged by the Government on the income of a taxpayer. As per the Income Tax Act, taxpayers must file their income tax return annually to determine their tax obligations.

    Income Tax is a direct tax charged by the Government on the income of a taxpayer. As per the Income Tax Act, taxpayers must file their income tax return annually to determine their tax obligations.

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Anonymous
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Anonymous
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  1. Saudamini

    If you have taxable income in a financial year, you have to file Income Tax Returns compulsorily. If you don't file Income Tax Returns on time, a penalty of up to Rs. 10,000 may be imposed.

    If you have taxable income in a financial year, you have to file Income Tax Returns compulsorily. If you don’t file Income Tax Returns on time, a penalty of up to Rs. 10,000 may be imposed.

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Anonymous
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Anonymous
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  1. Saudamini

    You can use Masters India's free Income Tax Calculator to check your income tax payable - https://www.mastersindia.co/income-tax-calculator/

    You can use Masters India’s free Income Tax Calculator to check your income tax payable – https://www.mastersindia.co/income-tax-calculator/

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Anonymous
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Anonymous
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What is GSTR-3B?

  1. CA Ankita Khetan

    GSTR-3B is a consolidated summary return wherein details of inward and outward supplies are to be provided. (Depending upon the type and turnover of the taxpayer, frequency of GSTR 3B and due date will be decided) Government had introduced Form GSTR 3B as a stop-gap arrangement before moving to theRead more

    GSTR-3B is a consolidated summary return wherein details of inward and outward supplies are to be provided. (Depending upon the type and turnover of the taxpayer, frequency of GSTR 3B and due date will be decided)

    Government had introduced Form GSTR 3B as a stop-gap arrangement before moving to the originally planned returns in Form GSTR 1 GSTR 2 & GSTR 3.

    But now the originally planned returns are scrapped by Government and GSTR 3B is notified as a summary return.

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Anonymous
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Anonymous
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  1. Saudamini

    I am assuming that you are enquiring about the filing of Income Tax Returns for FY 2020-21. You can file Income Tax Returns directly on the Income Tax Portal after March 31 2021– https://www.incometaxindiaefiling.gov.in/home. In case you need CA assistance, please drop in your details as a message.Read more

    I am assuming that you are enquiring about the filing of Income Tax Returns for FY 2020-21. You can file Income Tax Returns directly on the Income Tax Portal after March 31 2021– https://www.incometaxindiaefiling.gov.in/home.

    In case you need CA assistance, please drop in your details as a message. We will get in touch with you.

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Anonymous
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Anonymous
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  1. Saudamini

    Technically you should be able to file belated returns for AY 2020-21 till 31 March 2021. However, a penalty of up to Rs. 10,000 may be applicable.

    Technically you should be able to file belated returns for AY 2020-21 till 31 March 2021. However, a penalty of up to Rs. 10,000 may be applicable.

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Anonymous
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Anonymous
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  1. brucewayne

    Income tax is a major source of revenue collection for the government and the money collected is used to fund essentials such as health, education, defense, public affairs, infrastructures, etc.

    Income tax is a major source of revenue collection for the government and the money collected is used to fund essentials such as health, education, defense, public affairs, infrastructures, etc.

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