GST ASSESSMENT Self-evaluation, re-assessment, preliminary assessment, overview assessment, and best judgment assessment are all forms of assessments under GST. GST-registered entities usually file GST returns and pay GST every month based on their own self-assessment of GST liability. The government, on the other hand, has the right to re-assess or conduct an independent assessment at any time to decide whether or not there is a GST deficiency. #GSTASSESSMENT #assessmentsunderGST #GSTASSESSMENTS https://taxmill.in/product/gst-assessment/

Declaration For Non-Filing We have faced this condition many times, but no contract on which we could file a TDS return in that quarter. We do not have the TAN trade. In such a case, most people don’t simply file returns as they don’t even tell the department about this. Because of this no-intimation procedure, it is difficult for the Income Tax department to distinguish between the two deducers below. #DeclarationForNonFiling #TDSreturn #GSTRegistration https://taxmill.in/product/declaration-for-non-filing/

E-ASSESSMENT E-Assessment is a scheme established under Section 143(3A) of the Income Tax Act,1961 aimed at eliminating the physical appearance and interface between the assessor and the assessee to increase the efficiency, transparency, and accountability of the assessment procedures. #EAssessment #IncomeTaxEAssessment #eassessmentscheme https://taxmill.in/product/e-assessment/

TDS AND TCS CORRECTION Tax deduction at source is the income tax rule where the taxpayer is required to subtract a tax percentage before paying the actual payout in respect of such payments such as wages, commission, professional fees, interest, rent and other specified amounts. In addition, the tax deductor is expected to include the TDS statement for the TAN, the shape, the financial year and the quarter. Changes or updates made to the initial assertion are known as clarification statements. However, in the event of any corrections to the TAN, the assessor would be allowed to contact the assessor to make the appropriate corrections. #TdsStatement #TcsCorrection #Tds https://taxmill.in/product/tds-and-tcs-correction/

TDS AND TCS FILING TDS/TCS statements are quarterly TDS/TCS returns filed in electronic form under section 200(3)/206C, as amended by Finance Act, 2005. These financial statements must be issued starting in the fiscal year 2005-06, according to the Income Tax Act. For quarterly e-TDS statements, Form Nos. 24Q, 26Q, and 27Q are used, while Form No. 27EQ is used for quarterly e-TCS statements. In the case of all e-TDS/TCS statements, a signed verification in Form No. 27A should be included with the statements filed. #Tds/TcsStatements #TdsReturns #TcsReturns #Tcs https://taxmill.in/product/tds-and-tcs-filing-yearly-with-60-or-less-entries/

Transfer Pricing Report Type 3CEB is effectively filled in with a 3CD form according to Section 92A TO 92F of the income tax Act by the corporation under the transmission price regulations. These parts are essentially related to transfer pricing. If the organization has an overseas agreement with any affiliated company, Form 3 CEB filing is mandatory. Basically, in form 3CEB you need to detail all the overseas transactions and some domestic transactions with related firms. Under the Transfer Pricing Law, there are two preconditions to type 3CEB filing. #TransferPricing #transferprices #TransferPricingReport https://taxmill.in/product/transfer-pricing-report-form-3ceb/

TDS AND TCS FILING TDS/TCS statements are quarterly TDS/TCS returns filed in electronic form under section 200(3)/206C, as amended by Finance Act, 2005. These financial statements must be issued starting in the fiscal year 2005-06, according to the Income Tax Act. For quarterly e-TDS statements, Form Nos. 24Q, 26Q, and 27Q are used, while Form No. 27EQ is used for quarterly e-TCS statements. In the case of all e-TDS/TCS statements, a signed verification in Form No. 27A should be included with the statements filed. #Tds/TcsStatements #TdsReturns #TcsReturns #Tcs https://taxmill.in/product/tds-and-tcs-filing-yearly-with-60-or-less-entries/

GST REFUND The time-specific GST refund protocol was extremely important when we worked with the GST refund. It would allow companies to control their taxation. This will unblock the accounts of working capital. #GSTrefund #GST #GSTR1 https://taxmill.in/product/gst-refund/

Form 15CA And 15CB Any transfers that a resident receives to a non-resident must be reported according to the Income Tax Act. The principle behind tax deduction and the filing of taxes is to ensure that taxes are collected on time. Form 15CA is a declaration by an individual returning the money that he notices that the non-resident has withheld the tax. #Form15ca #Form15cb https://taxmill.in/product/form-15ca-and-15cb/

GST REGULAR RETURNS A GST return is a statement that a taxpayer must file separately on each registration under the GST law. Regular taxpayers, composition vendors, e-commerce operators, TDS deductor, non-resident taxpayers, and Input Service Distributors (ISDs), among others, can decide the number of GST returns to be filed. For each GST submission, a regular taxpayer is usually expected to file two monthly returns (GSTR-1, GSTR-3B) and an annual return (GSTR-9/9C). #GstReturn #GstRegularReturns #Gstr1 #Gstr3b https://taxmill.in/product/gst-regular-returns/