Hey All, Today, I will let you know how to attach the DSC after completing the process of Form 3CA filling What is the 3CA form in income tax? The 3CA form is an audit report under section 44AB of the Income Tax Act, 1961 in India. This form is […]
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Income Tax Slabs for FY 2023-24 & AY 2024-25 (New & Old Regime Tax Rates)
Hi all, Today, we will discuss the new tax regime in Income tax. What Is an Income Tax Slab? In India, Income Tax is levied on individuals using a slab system, where varying tax rates are assigned to different income ranges. As an individual’s income rises, the tax rates also […]
Continue readingUpdate your additional business address on the GST Portal | Geocoding business addresses
Hi All, In this tutorial, I will try to explain to you the way to address your additional business in GST through Geocoding. What is geocoding in GST? Geocoded is a way to verify your business place through the Indian map in one click, it means In the context of […]
Continue readingHow to calculate Interest and late fees in the GST.
Hi All, In this tutorial, we will learn how to calculate the interest and late fees in GST. Let’s get started, Why do we need to pay late fees and Interest in the GST? The GST department has already announced that if any GSTIN holder does not file their GST […]
Continue readingWhat is the concept of a credit note and a debit note? What are credit notes and debit notes?
Hi all, In this tutorial, we will begin learning about debit notes and credit notes. Let’s start What is Credit note and debit note? A credit note is issued by a seller to a buyer with the purpose of decreasing the amount owed by the buyer for purchased goods or […]
Continue readingWhere I can check the GST filing status of our client? | How to check the client’s GST filing status?
Hello Guys, Today, we will discuss how to determine the GST filing status of our vendors or clients. Let’s start, Many GST holders do not know where I can see the GST filing status of our clients or vendors. So that’s why I am giving you the way where you […]
Continue readingAmendment to Credit Note and Debit Note in GSTR-1.
Hey All, In this tutorial, I will let you know the steps to amend credit and debit notes in a simple way. Let’s begin, If you made a mistake in credit and debit notes by entering any of the columns, then don’t worry, and be ready to correct your mistake […]
Continue readingHSN Code is mandatory for E-way bills & e-invoices from 1st October 2023
Hey all, Today, I will inform you about the new GST changes, which make it mandatory to include the HSN/SAC code starting from October 1, 2023. What is the HSN/SAC Code? The HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) codes are systems used in India for the […]
Continue readingE-INVOICE – Two new changes will be applicable to GST holders starting from November 1, 2023.
Hey Friends, Thank you for visiting my informative blog. Today, I will inform you about the two changes in GST. Let’s begin, What is E-Invoice? ‘e-Invoicing,’ or ‘electronic invoicing,’ is a system designed for the authentication of B2B invoices and several other related documents electronically through the GSTN (Goods and […]
Continue readingElectronic Credit Reversal and Re-claimed Statement | New Report ITC reversal Opening Balance in GST
Hey Friends, Today, I am going to show you how to enter your ITC reversal amount for re-claiming and which column is important to enter the correct details for completing the ITC re-claiming process. What is Electronic Credit Reversal and Re-claimed Statement? An Electronic Credit Reversal and Reclaimed Statement (ECR) […]
Continue readingHow to Check Your Income Tax Refund Status Online
An income tax refund refers to the reimbursement of surplus tax payments made by a taxpayer during a specific financial year. This refund is initiated by the tax authorities when the taxpayer’s actual tax liability is lower than the amount of taxes paid. The process for claiming this refund usually […]
Continue readingA Comprehensive Guide to Claiming Your Income Tax Refund After Filing ITR
What is an Income Tax refund? An income tax refund occurs when a taxpayer has paid more taxes during a specific financial year (FY) than their final assessed liability. This situation often arises due to compulsory advance tax payments or Tax Deducted at Source (TDS) deductions on the taxpayer’s income. […]
Continue readingTRACES: Request for OLTAS challan correction | TDS challan correction
Hey all, Today, I would let you know about the OLTAS challan correction process. what is the OLTAS challan request form? Request for OLTAS challan correction refers to the formal process of rectifying errors or discrepancies in an Online Tax Accounting System (OLTAS) challan. OLTAS is a system introduced by […]
Continue readingHow to submit an e-invoice Exemption declaration?
Hey All, Thanks for coming to my blog, in this blog, you would know how to submit an exemption declaration for e-invoicing. There is an exemption in the GST for the applicability of e-invoicing. the GST department has already announced that some of the categories are not covered in the […]
Continue readingGST Enablement Status | How to enable e-invoice with the help of the GST Portal?
Hey all, thanks for coming to my blog, in this blog, you will be known to check the e-invoicing Enablement Status with the help of the GST portal. Many people can’t make the e-invoice due to the enablement problem. He can’t able to login their e-invoicing portal to make the […]
Continue readingWho are the persons not covered in e-invoicing?
Below categories are Exempt to make E-invoice Thanks,
Continue readingHow to change your mobile number and email ID in the GST Portal?
Hey all, Thanks for coming to my blog, in this blog, you would about the change of mobile number and email id in the GST portal. Many people have no idea about their mobile number and email id mentioned in the GST portal. And for this reason, people are not […]
Continue readingBe aware of the ITR form before filling out the ITR returns.
Hey all, welcome to my blog. Today I am gonna give a good clarification about the Tax regime forms. We all know that there are two types of forms available for opting new tax regime and an old regime. But the assessee has no idea about this form. Form name:- […]
Continue readingDirector of a Private Limited Company
The Director of a Private Limited Company holds a pivotal role as the top executive responsible for guiding and steering the organization toward success. This influential leader possesses a unique blend of strategic vision, operational expertise, and strong decision-making capabilities. At the core of their responsibilities lies the task of […]
Continue readingHow to pay tax from the make payment/post credit to ledger option in GST?
Hi Friends, Today I will let you know how to set off the tax amount with the help of the Make payment/post credit to ledger option. What is GST? GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services […]
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