GSTR-9Late fees is mentioned in Section 47(2) of the Act, i.e Section 47(2):- Any registered person who fails to furnish the return required under section 44 by the due date shall be liable to pay a late fee of one hundred rupees for every day during which such failure continues subject to a maximum amount …
TDS under the GST mechanism has been made mandatory from 1st October 2018. What is TDS under GST mechanism? The concept of TDS under GST is to collect tax from the very source of income. It is the responsibility of the person (deductor) who is liable to make payment to the specified person (deductee) to …
In the 37th GST Council meeting, it was decided to continue with the current system of furnishing of return in FORM GSTR-3B and details of outward supplies in FORM GSTR-1 for the period October 2019 – March 2020. In order to give ample opportunity to taxpayers as well as the system to adapt, the new return filing system is …
GST Payment Online After making all adjustment and taking Input Tax Credit (ITC) available to a tax payer, a tax payer is required to pay any balance GST liability online. Here is a step-by-step guide that will help you make GST payment with ease – Step 1 – Login to the GST Portal. Enter your …
GSTR 10 is the Final Return. It is a statement of stocks that was held by such taxpayer on the day immediately preceding the date from which cancellation is made effective. It would also include the details of input tax credit involved in closing stock (including inputs and capital goods) which is to be reversed/ …
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