Under GST, notices serve as a means for GST Authorities to communicate with taxpayers. These notices are specifically sent to remind or alert taxpayers about any observed defaults, particularly related to non-compliance with GST laws and provisions. It is crucial for taxpayers to Reply to Show Cause Notice for Cancellation of GST Registration within the …
Reply to Show Cause Notice for Cancellation of GST Registration Read More »
Goal of PTEC and PTRC registration in Maharashtra is to impose professional tax on individuals earning income from their profession or employment. Professionals like lawyers, teachers, doctors, and chartered accountants need to pay this tax. For salaried individuals, the employer deducts the professional tax from their salary and submits it to the state government. Those …
In this Blog we shall see about government’s mandate on PTEC Compulsory for GST registration in Maharashtra. Professional tax is a tax imposed at the state level on individuals involved in various professions, trades, and employments. Its administration is overseen by the respective state governments, with the Maharashtra Profession Tax Department handling this tax in …
Is PTEC Compulsory for GST Registration in Maharashtra? Read More »
Form GST ASMT 10 is notice sent by the GST officer to a taxpayer. The purpose of this notice is to tell the taxpayer that there are some mistakes or differences in the information they provided in their GST returns. The GST authority wants the taxpayer to explain why these differences exist. The notice in …
GST Department Audit Notice is issued by GST Department to registered taxpayer in order to examining a taxable person’s records, returns, and other documentation. The goal of GST Department Audit Notice is to ensure that the turnover is declared, taxes paid, refunds claimed, and input tax credits claimed are valid, as well as to check …
GST Annual Return FY 2022-23 is a mandatory filing by eligible registered individuals, excluding specific categories. GST Annual Return FY 2022-23 consolidates all transactions reported in periodic returns throughout the year. It encompasses adjustments made to previous year transactions after year-end, serving as the final opportunity for the assesse to disclose all relevant filing period …
In this blog we described LUT meaning under GST. Exporters can avail a LUT registration under GST to export products or services without paying taxes. All exports are subject to pay IGST under the new GST system, which can then be reclaimed via a refund against the tax that was paid. LUT full form in …
Latest update of GST Composition Scheme CBIC has issued Notification No. 59/2020-Central Tax and extended due date for FY 2019-20 is 31st August 2020 which earlier was 15th July 2020. GSTR-4 is available for filing for FY 2019-20 from 21st July 2020. Overview of the GST Composition Scheme? The Composition levy scheme under the GST …
