Introduction Cancellation of GST registration means a taxpayer is not registered anymore. He need not to collect or pay tax anymore. But why does the taxpayer wish to cancel his registration? Reasons can be: Business discontinue Business transfer, amalgamation, demerger, disposal. In such a case
Introduction Many times applicants commit mistakes at the time of filing an application for registration. Such mistakes can be updated or corrected at the time application is being processed. If business is already registered then after application is processed. REG 14 is a form for
All about Bonded Manufacturing Warehouse Scheme – By CA Sonal Jain, CA Shravan Gehlot Introduction to the scheme Objectives of the scheme To strengthen the ‘Make in India’ initiative To facilitate ‘ease of doing business’ They promote ‘Foreign Direct Investments’ To promote ‘India as the manufacturing
Excess Input Tax Credit claimed in 3B of F.Y. 2017-18 and not reversed in 3B of F.Y.2018-19 and effect have given through DRC-03 in GSTR-9 of Financial Year 2018-19. Herewith I giving with the example for your better understanding. Illustration-4. “A” Tax Payer purchased inward
The short claim of Input Tax Credit in GSTR-3B of Financial Year 2017-18 and 2018-19 but both are not claimed in 3B of 2018-19-LAPSED. Herewith I giving with the example for your better understanding. Illustration-2. “A” Tax Payer purchased inward supply of goods worth of
The short claim of Input Tax Credit in GSTR-3B of Financial Year 2017-18 and not claimed in GSTR-3B of Financial 2018-19. LAPSED. Herewith I giving with the example for your better understanding. Illustration-1. “A” Tax Payer purchased inward supply of goods worth Rs.1,00,000/- as per
Excess Input Tax Credit claimed in GSTR-3B for the F.Y.2017-18 and reversed in GSTR-3B of F.Y 2018-19 Herewith I giving with the example for your better understanding. Illustration-3. “A” Tax Payer purchased inward supply of goods worth Rs.1,00,000/- as per books. The rate of GST
GSTR 3b will auto compile form GSTR 1- You can see that on the portal. Data filled in GSTR 1 is going to get auto reflected in GSTR 3b. Thus you can get an auto reflected GSTR 3b on the portal. GSTR 3b will auto compile
GSTIN enabled the facility to report a negative figure in GSTR 3b- Now you can enter a negative figure in GSTR 3b. GSTIN portal has enabled the facility to report the negative figure in GSTR3b. It is a huge relief for the taxpayer. GSTIN doesn’t
Filing ITR to be a tiring task for equity/MF investors doing SIP, STP, SWP: Filing Income Tax Returns (ITRs) is a relatively easy task for salaried individuals having total income up to Rs 50 lakh, income from one house property, and income from other sources
