What You Need to Know about the New GSTN Validation Criteria for Tax amount in Sales Invoices?

GSTN introduced new validation criteria for calculating Tax amount of the product line items in sales invoices and other GSTR-1 documents. According to this new validation format provided by the Goods & Services Tax Network (GSTN), you will have to calculate the tax amount of every line item to be rounded up to two digits only.  New … Continue reading What You Need to Know about the New GSTN Validation Criteria for Tax amount in Sales Invoices?

List of GST Return Forms with Applicability, Type and Timeline

Under the unified taxation system of Goods & Services Tax (GST), returns are to be filed online through the portal - GST Network. Chapter IX of the Central GST Act, 2017, read with CGST Rules, 2017 contains the provisions of returns to be filed by various taxable persons. Forms Applicability Type Timeline GSTR-1  Every registered … Continue reading List of GST Return Forms with Applicability, Type and Timeline

Annual Corporate Filing Requirements for a Pvt. Limited Company in India

As a part of Annual Filing, companies incorporated in India - including subsidiaries of foreign companies, joint venture companies and others, under the Companies Act, 1956 are required to file the following documents along with the e-Forms with the Registrar of Companies (RoC) with proper jurisdiction over the company: Balance-Sheet: Form 23AC to be filed … Continue reading Annual Corporate Filing Requirements for a Pvt. Limited Company in India