The government has introduced a new section 206C(1H) through Finance Act 2020 to extend the TCS provisions to the seller of goods. As per this… Read More »TCS on Sale of Goods under Section 206C(1H) with FAQs
Section 194Q of the Income-tax Act deals with the deduction of tax at source (TDS) on the payment of any sum to a resident… Read More »Section 194Q of Income Tax Act: Applicability, TDS Rate,Turnover Limit
This article explains all about GSTR-9, including what it is, its applicability, due date, details to be filled, late fee, penalties and FAQs. You can… Read More »GSTR-9 Annual Return: Due Date, Applicability, Turnover Limit, Format, Eligibility, Rules
CBDT notifies ITR forms 1 to 6 for AY-2024-25 The Central Board of Direct Taxes (CBDT) vide Notification No. 19 of 2024 dated 31.01.2024,… Read More »Income Tax: CBDT notifies ITR forms 1 to 6 for AY-2024-25
GSTR-1 is a monthly/quarterly return that summarises all sales (outward supplies) of a taxpayer. You must make sure that a valid GSTIN is filled while… Read More »GSTR-1 – Return Filing, Format, Eligibility & Rules
GST Return Late Fees and Interest are charged when a business entity fails to file its GST returns on time. GST Payment Due Dates… Read More »GST Due Dates- Late Fee and Interest
GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed,… Read More »GSTR3B: Due Dates, Return Filling, Eligibility
As per Rule 48(4) of CGST Rules, notified class of registered persons (whose aggregate turnover in any preceding financial year from 2017-18 onwards, is more… Read More »What is e-Invoicing Under GST? Applicability, Limit & Implementation Date
Clarification on e-Invoicing for Government Supplies GST Policy Wing has issued the clarification on the applicability of the e-invoicing to the supplies made to the… Read More »E-Invoicing For Goverment Supplies