Hello Friends This is Ravi Verma, In this Article, I would let you know about the DRC-03 Form. What is DRC-03? DRC-03 Form is implemented by the GST department for the payment of interest and Liabilities. and this is a voluntary tax payment form that is issued by the GST […]Continue reading
How to calculate interest and late fees?
Hi Guys, This is Ravi Verma, in this article I will tell you about the late fee and interest of GSTR-3B. Lets Start, As per the GSTR rules, when a company does not file GSTR-3B by its due date, interest and late fees are levied on the company. Calculation of […]Continue reading
ADJUSTING ENTRIES AND REVERSING
SHORT TERM LOAN A short term loan is a loan that we pay in 12 months, it is called a short term loan, we can do it in Quickbooks online, we can see our loan debt wise to see how much the loan is increasing or we can balance it. […]Continue reading