ITC Ledger : What is an ITC Ledger? Ans. Input Tax Credit as self-assessed in monthly returns will be reflected in the ITC Ledger. The credit in this ledger can […]
GST-Goods and Service Tax - 64. page
Goods and Services Tax Act – GST Law
Linkage between GSTN and the authorized Banks
Linkage between GSTN and the authorized Banks : What is the linkage between GSTN and the authorized Banks? Ans. There will be real time two-way linkage between the GSTN and […]
The taxable person files the return but does not make payment of tax
The taxable person files the return but does not make payment of tax : What happens if the taxable person files the return but does not make payment of tax? […]
Date of presentation of cheque or Date of payment or Date of credit of amount in the account of government
Date of presentation of cheque or Date of payment or Date of credit of amount in the account of government : Which date is considered as date of deposit of […]
E-Ledgers :
E-Ledgers : What are E-Ledgers? Ans. Electronic Ledgers or E-Ledgers are statements of cash and input tax credit in respect of each registered taxpayer. In addition, each taxpayer shall also […]
Tax liability register
Tax liability register : What is a tax liability register? Ans. Tax Liability Register will reflect the total tax liability of a taxpayer (after netting) for the particular month.
Cash Ledger
Cash Ledger : What is a Cash Ledger? Ans. The cash ledger will reflect all deposits made in cash, and TDS/TCS made on account of the taxpayer. The information will […]
The Payments to be made in GST regime
The Payments to be made in GST regime : What are the Payments to be made in GST regime? Ans. In the GST regime, for any intra-state supply, taxes […]
The main features of GST payment process
The main features of GST payment process : What are the main features of GST payment process? Ans. The payment processes under GST Act(s) have the following features: • Electronically […]
Payment methods
Payment methods : How can payment be done? Ans. Payment can be done by the following methods: (i) Through debit of Credit Ledger of the tax payer maintained on the […]