penalties Archives - eFiling India

Navigating GST and TDS on Rent: A Comprehensive Guide for Tenants

By eFiling India TeamPosted on June 13, 2024Posted in GST, TDSTagged commercial properties, compliance, GST, lease agreements, penalties, procedural aspects, rates, record-keeping, rent, tax authorities, tax obligations, tax regulations, TDS, TDS certificates, tenants, threshold limitsNo Comments

Comprehensive Guide on GST on Rent Introduction Goods and Services Tax (GST) is an indirect tax implemented in India on the supply of goods and services. One of the significant areas where GST is applicable is the rental income derived from the leasing of commercial properties. This guide will provide an in-depth understanding of how […]

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 […]