Web1 day ago · By Manu Sharma - On April 13, 2024 9:20 am - 2 mins read. The Goods and Services Tax Network has issued an advisory on the time limit for reporting the Goods and Services Tax invoices on the IRP Portal. The advisory said that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals … WebAlternatively, press Alt + G (Go To) > type or select GSTR-1 or GSTR-3> and press Enter. Select Sales against advance from previous period under Advance Receipts, and press Enter. The Adjusted Advance Receipts …
GSTN issues Advisory on Time Limit for Reporting GST Invoices on …
Web10 hours ago · Therefore, M/s IIT, Madras claims that rate of GST is 12% for Civil Contract Services (SAC 995415) with effect from 01.01.2024 even after amendment to Notification No. 11/2024 C.T (Rate) vide Notification No.15/2024 C.T (Rate) dated 18.11.2024. 2.2 On interpretation of law, applicant state that they charged GST rate 12% for the Civil … WebJun 21, 2024 · GST on Advance Payment field needs to be activated on General Journal Line for computation of GST on Advance Payment. In addition, GST Group code and … trend typography 2022
‘Purified drinking water supply via tankers taxable’ - The Hindu
WebNov 6, 2024 · The GST law provides for payment of GST at the time of receipt of advance towards supply of goods or services. Initially, notification no. 40/2024-Central Tax dated 13 October, 2024 was issued to remove the requirement of payment of GST on advance receipts towards supply of goods, for persons having turnover of less than INR 15 … WebApr 22, 2024 · Components of Receipt Voucher. GST on Advances Received. Try QuickBooks Invoicing & Accounting Software – 30 Days Free Trial. Under GST, there can be situations where a person receives an advance payment with respect to a particular supply. And in this case, the person receiving advance payment needs to issue a … WebJan 10, 2024 · Recognizing the fact that small businessmen may be burdened with compliance issues with regard to GST on advances, the Government has come out with Notification no. 66/2024 dated 15.11.2024, whereby all suppliers of goods who have not opted for composition scheme, have been exempted from the burden of paying GST on … trend type 2 diabetes sick day rules