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A Complete Guide to GST Registration

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  GST registration has become an important aspect for any business. The full form of GST is Goods and Services Tax, which is a comprehensive indirect tax charged on the supply of goods and services within Indian territory, and GST registration is compulsory for businesses with a certified annual turnover that differs from business to business.  The Goods and Service Tax Act was introduced by the Indian government on July 1, 2017. The introduction of GST aimed to simplify the indirect tax system in India by merging multiple taxes into one and improving the tax collection process. 

A comprehensive guide to Form 16A: A TDS Certificate

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Form 16A  is a  TDS certificate  that is issued by the deductor on a quarterly basis. It is a statement concerning the nature of payments, the amount of TDS, and the deposited TDS payments to the Income Tax department. It also consists of brokerage, interest, professional fees, contractual payments, rent, and other sources of income. Unlike Form 16, which only consist salary structure, Form 16A of income tax charge TDS from: Receipts from business or profession fees. Rental receipts from a property or rent. Sale proceeds from capital assets. Additional source. Important components of Form 16A The important components of Form 16A are: Details of the Employer:  It contains the name, TAN, and PAN of the employer. Details of Employee:  It contains the name, TAN, and PAN of the employee. Mode of Payment:  Both offline and online modes of payment are available. Receipt number of TDS:  The receipt number of TDS helps in the tracking of back details. The date and deposit tax amount with the in

A Complete Guide to GST Return Filing (GSTR-9)

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  A GSTR-9   filing is a form that a taxpayer has to file for every GSTIN to which he is registered. In this blog, we have provided various critical questions surrounding   GST return filing . Let’s get started. What are GST returns? Every taxpayer has to file a GST return. There are around 22 varieties of GST forms. So the number and type of GST you have to file depend on the type of taxpayer you have registered. While you understand what GST returns are, it is also important to know the types of taxpayers. There are seven types of taxpayers: Regular taxpayer Composition of taxable persons TDS deductors Non-resident taxpayer Input Service Distributor Casual taxable persons E-commerce operators It is also worth knowing that you can begin the GST  return filing process  quarterly, monthly, or annually. And you can also check your  GST return filing status . Meaning of GSTR-9 GSTR-9  is an annual return to be done by taxpayers who are registered under GST. Following is the information co