GSTR-3B is applicable to all normal taxpayers registered under GST. This is a monthly self-declaration that has to be filed for all outward supplies made, including input tax credit claimed, tax liability ascertained and taxes paid.
GSTR-9 is the annual return to be filed by all taxpayers registered under GST. According to the GST Law, the last date for it is 31st December of the year following the relevant financial year. It holds the details of all outward supplies made, inward supplies received during the relevant financial year under different tax heads, including CGST, SGST & IGST, etc.
A business entity obtains a unique number by registering under the GST Law. Whereas business owners can file GST returns with a certain annual aggregate turnover. If a taxpayer regularly files the GStreturns, the GSTIN will be active. There are a variety of GST returns described in the GST rules.
Take a looks at the following GST Returns:
TDS stands for Tax Deducted at Source. The concept of TDS was introduced with an aim to collect tax from the very source of income. The government receives a particular tax amount when a transaction is made. TDS includes the amount which is subtracted by the payer and paid to the government. There are different types of TDS forms. Amongst those, form 24Q is a statement for TDS from salaries, whereas form 26Q is for Source details on domestic payments other than salary.
Look below to know more:
A Digital Signature is like fingerprints that helps to solve the problem of vandalizing and imitation in digital transmission. It has become an important factor as it reduces the duplicity of a document and provides the authenticity of a document. Apart from that, it is cost-effective, time-saving, and globally accepted.
Here are some of the use of Digital Signature:
We at Tax Point provide instant PAN cards for Govt and other services. Fill up the form online and upload the documents. We will file the application to the Income Tax Department.
Do you want to start a new business but are confused about all the documentation? A Trade License is one of the crucial documents to start a business in a municipal corporation.
Check out the eligibility for Trade License:
Tax Information Network (TIN) Facilitation Center is an initiative by the Income Tax Department of India (ITD) for the development of the current system for collection, processing, monitoring and accounting of direct taxes using information technology. It looks after the application and allotment of TDS and PAN Card forms of Indians living in India or abroad.
Take a look at the functions of TIN FC:
Electronic tender is an important part of the e-procurement chain. This process sends or receives tenders via digital acquisition modes. Electronic Tendering makes a huge difference to the procurement process as it offers improved visibility, compliance and decision-making across source-to-pay operations. From B2B business transactions with suppliers, government contracting, to universities or other organizations are all part of e-tendering.
Here are some of the importance of E-tendering: