Email Us caportal@sagipl.com
Support 24X7
GSTR 7 is a return form under GST for all the taxpayers who account all the tax deducted at source. The GSTR 7 due date is 10th of every next month in a particular tax period.
Here, we will discuss all the details of the GSTR 7 including liability of filing GSTR 7 and the due date aspect. Get all the basic information regarding the TDS form under GST i.e. the GSTR 7.
GSTR 9C is an annual audit form for all the dealers having turnover more than 2 crores in a financial year. Along with the GSTR 9C audit form, the taxpayer will also have to fill up the reconciliation statement along with the certification of an audit.
The authorities have also provided the format of GSTR 9C in the notification No. 49/ 2018 Central tax dated September 13, 2018.
GSTR 9A is an annual return form for the composition scheme dealers in which they have to file all the tax return details of the whole year. The GSTR 9A form includes all the consolidated information regarding CGST, SGST and IGST paid during the financial year.
Here, we will describe the complete details of GSTR 9A form under GST which is for composition scheme dealers and its rules/eligibility. We request you to connect with us in the comment section and ask answer related to the complete GST regime from out tax experts.
The Goods and Service Tax (GST) in India offers a more comprehensive and more formalized indirect tax structure without the cascading effects of the erstwhile VAT regime. The GST categorizes supply of goods and services under four tax slabs 5%, 12%, 18%, and 28%. In technical terms, GST is a multi-stage destination-based tax that is levied on every stage of value addition. The GST was touted as a major reform towards formalization of the unorganized sector as well as making business operations easier and more accountable. And it is not just the common taxpayers and business owners, GST has equally impacted the legal community too.
Tax is a pivotal arm for good governance of a state or nation. There are different types of taxes and they can all be categorized into two main groups i.e Direct tax and Indirect Tax. A direct tax is levied on the income or profit of an individual. Income tax is an example of direct tax. Indirect taxes are levied on goods and services. Income Tax Due Dates comes every year in March ending must be followed strictly for safeguarding financial interest. A popular example in this regard would be the GST or the VAT. Like all taxes, accrues from Income Tax also constitute a good portion of the country/state treasury. In addition to these Income Tax also acts as a fiscal deficit stabilizers as well as minimizing impact of Global Economic Cycles.
The Economy is changing at a rapid rate and with these changes, the responsibility of a Chartered accountant is also increasing to keep pace with the changing economy and imparting the roles and all the responsibility which comes along with it. Thus, the Accountancy profession is in Great demand. All the Organizations Big or small needs a good Accountant which could ensure them for profit earning. The change in Economy is also a challenge for the professional Chartered accountants as to keep the detailed knowledge of the changes occurring, their consequences and the measures which could be taken to overcome the difficulties which could come in the way as a result of the challenges.
GSTR 9 is an annual return form for all the regular taxpayers under GST, in which all the consolidated details are to be filed relevant to SGST, CGST and IGST transaction of the whole year. CA Portal provides all the specific details of GSTR 9 annual return form for the regular taxpayer in this article.
GSTR-6 is a return form for all the input service distributors registered under GST. Every ISD is required to file invoices information at GSTN portal. As filing of GSTR-6 occurs after modifying, correcting, removing and adding information under GSTR-6A, most of the information is auto-populated in GSTR-6 from GSTR-6A.
Modern Human being has evolved to use tools and communication for various effects and results. One such device that has over the past few decades has exponentially changed every aspect of our life is the internet. From e-commerce to the e-tax filing, the scope and scale of the internet are now beyond comprehension. While the internet is made up of many interconnected components, one intricate part of the internet is the ‘Website.’
Taxpayers under the VAT regime can avail GST TRAN 1 transition form to avail input tax credit accrued on old stock purchased during the pre-GST period. While GST TRAN 1 is limited to only registered individuals under VAT, the GST TRAN 2 facilitates ITC claims on old stock owned by unregistered individuals during the pre-GST regime. A prerequisite though is that upon filing GST TRAN 1 or GST TRAN 2, the concerned old stock must be cleared.