TAN number for GST registration TAN number for GST registration, In India, the Goods and Services Tax (GST) registration process does not require a TAN . Tax Deduction and Collection Account Number(TAN) is a separate registration issued for deducting and depositing TDS (Tax Deducted at Source) under the Income Tax Act. To register for GST… Read More »
TDS compliance for Pvt LTD Company TDS Compliance for a Pvt LTD company involves fulfilling various requirements to deduct and remit TDS on specified transactions. Here are the key aspects of TDS compliance for a private limited company: Obtain TAN (Tax Deduction and Collection Account Number): Ensure that the private limited company has obtained… Read More »
Ledger Balance in GST Ledger balance in GST: It refers to the balance amount available in a taxpayer’s electronic cash ledger or electronic credit ledger. The electronic cash ledger reflects the amount of cash deposited by the taxpayer and can be use to make GST payments, while the electronic credit ledger reflects the… Read More »
TDS Compliance for Partnership Firm TDS Compliance for Partnership Firm, For a partnership firms, compliance with TDS (Tax Deducted at Source) provisions is important to fulfil its tax obligations. Here are some key aspects of TDS compliance for a partnership firm: TAN Registration: The partnership firm must obtain a valid Tax Deduction and Collection… Read More »
GST compliance GST compliance pertains to the act of conforming to the guidelines, statutes, and responsibilities established by the Goods and Services Tax (GST) framework implemented within a specific nation It involves fulfilling various legal requirements and obligations related to the registration, filing, payment, and reporting of GST. Key aspects of GST compliance include: GST… Read More »
TDS compliance due dates: TDS Deduction: It is generally required at the time of making the payment to the deductee. TDS Payment For all types of deductors: payments must be made on or before the 7th of the following month in which TDS was deducted. For government deductors (deducting under Section 194IA, 194IB, or… Read More »
Deadlines for GST Tax Payments The specific deadlines for GST tax payments vary based on the taxpayer’s category and the frequency of their filinga Here are some general guidelines for GST tax due dates in India: Monthly GST Return Filers: For businesses that file their GST returns on a monthly basis, the tax due… Read More »
GST Due date Businesses usually make the payment of Goods and Services Tax (GST) when they file their GST returns. The GST due date tax payment can vary depending on the jurisdiction and the frequency of return filing. In most cases, businesses are required to pay the GST liability within a specified period after the… Read More »
If we make cash sales, should we issue a tax invoice for GST Yes, If you sell goods or services for cash or you do cash sales, you must issue a tax invoice for GST, as required by the law. A tax invoice is a document that contains the details of the goods or services… Read More »
Can I add a new HSN code addition after GST registration Yes, it is possible to add a new HSN code addition after the GST registration. Businesses can add new goods and services under different HSN codes as and when required. The process for adding a new HSN code involves logging in to the GST… Read More »