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Complete Guide to Form 80G and 12A Registrations in India: Importance, Advantages, and Application Process

By eFiling India TeamPosted on June 20, 2024Posted in Income TaxTagged Accountability, Advantages, Application Process, Charitable Organizations, compliance, Donors, Eligible Entities, Financial Sustainability, Form 12A, Form 80G, importance, India, Philanthropy, Registrations, required documents, tax benefits, TransparencyNo Comments

Understanding Form 80G and 12A Form 80G and 12A are certifications issued by the Income Tax Department of India that provide tax benefits to donors and entities. Here’s what they entail: Form 80G Purpose: It allows tax deductions to donors who contribute to charitable organizations. Entities Eligible: Charitable trusts, NGOs, religious institutions, etc. Benefit to […]

Comprehensive Guide to GSTR-9C: Reconciliation Statement & Certification

By eFiling India TeamPosted on May 29, 2024Posted in GSTTagged annual return, applicability, certification, changes, compliance, due date, FAQs, format, GST, GSTR-9C, importance, India, late filing, penalties, reconciliation statement, self-certification, taxpayers, turnover limitNo Comments

1. Introduction to GSTR-9C What is GSTR-9C? GSTR-9C is a reconciliation statement mandated under the Goods and Services Tax (GST) regime in India. It is a statement of reconciliation between the annual returns filed in GSTR-9 and the audited annual financial statements of the taxpayer. This document ensures that the values reported in the GST […]