The 2 primary and most commonly seen status for GSTIN are 'Active' and Inactive'.
The 2 primary and most commonly seen status for GSTIN are ‘Active’ and Inactive’.
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How Many status are there for any GSTIN? Which are the various status?
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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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What is GSTR-3B?
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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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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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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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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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Now Taxpayer with Turnover of upto 5 crore have the option to choose for the GST return filing system Monthly or Quarterly. The CBIC has released a notification allowing the small taxpayers to opt for the quarterly filing of GSTR-3B. Small taxpayers are the taxpayers with a turnover of up to Rs.5 crRead more
Now Taxpayer with Turnover of upto 5 crore have the option to choose for the GST return filing system Monthly or Quarterly.
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The CBIC has released a notification allowing the small taxpayers to opt for the quarterly filing of GSTR-3B. Small taxpayers are the taxpayers with a turnover of up to Rs.5 crore in the previous financial year and opted for the QRMP scheme. The option of filing return on quarterly basisis.
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It is an indirect tax which has subsumed multiple indirect taxes in India such as the excise duty, VAT, services tax, etc. Goods and Service Tax (GST) is levied on the supply of goods and services. Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levRead more
It is an indirect tax which has subsumed multiple indirect taxes in India such as the excise duty, VAT, services tax, etc.
Goods and Service Tax (GST) is levied on the supply of goods and services. Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. GST is a single domestic indirect tax law for the entire country.
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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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The 13th digit of GST Number represent Number of Entity registered under in GST in same State. This is the entity code. For eg. ABC Pvt. Ltd. company (18ANPCA 1274T4Z7) is registered in the same state for 4 times, since the 13th digit of his GSTN shows 4.
The 13th digit of GST Number represent Number of Entity registered under in GST in same State. This is the entity code. For eg. ABC Pvt. Ltd. company (18ANPCA 1274T4Z7) is registered in the same state for 4 times, since the 13th digit of his GSTN shows 4.
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The full form of ARN number in GST is 'Application Reference Number'. ARN number is a unique number assigned to each completed transaction at the GST common portal. Application Reference Number (ARN) is also generated at the time of submitting GST registration application that is electronically signRead more
The full form of ARN number in GST is ‘Application Reference Number’. ARN number is a unique number assigned to each completed transaction at the GST common portal.
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Application Reference Number (ARN) is also generated at the time of submitting GST registration application that is electronically signed using DSC. Future correspondence with GST, if required can be executed by quoting such ARN number for easy reference for the GST authorities.
Also, if within 15 days of the generation of the TRN, your Aadhaar details are not verified, an ARN for Registration Application will be generated and your Registration application will be marked for mandatory site visit and approval thereafter by the Tax Official.
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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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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.
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