gst

How does Input Tax Credit work

Input Tax Credit: Know How Does It Work?

Input tax credit means that the taxpayer can reduce the taxes it has already paid on inputs from the taxes it has to deposit on output. In simple words, he can take the credit of the amount of tax which has been paid on procuring of inputs. By doing so, the taxpayer is avoided from paying the double taxes on a single input.

PMT-06 payment

The due date for PMT-06 (monthly payment for Quarterly Return Filers) for the month of May, 2022 is 25th June, 2022.

Invoice Furnishing Facility

The due date for IFF (Invoice Furnishing Facility) for quarterly return filers for the period May, 2022 is 13th June, 2022.

Compulsory GST Registration on the basis of State & Turnover of Business

GST Registration on basis of State & Turnover

GST being a tax on the event of “supply”, every supplier needs to get registered. However, businesses having Annual Aggregate Turnover (AATO) of more than the prescribed limit as per their business in the relevant State are required to obtain GST Registration.

GSTR-6

The due date for filing of GSTR-6 (GST Return for taxpayer having registration of Input Service Distributor) for the previous month

GSTR-5

The due date for filing of GSTR-5 (GST Return for & Non Resident Taxpayers) for previous month. Book your GSTR filing today.

GSTR-4 (Annual Return)

The due date for filing of GSTR-4 Annual Return for Financial Year 2021-22 is 30th April, 2022. Book your filing at TaxHelpdesk!