GST Refund Claim Process Simplified : See all the Details here

GST refund claim process simplified as it became a big issue for businesses amid liquidity problems. As per the finance ministry now submission of print out of form GSTR-2A will be sufficient to claim Goods and Service Tax refunds as against providing invoices in respect of all purchases for a given month. GSTR-2 A is a purchase return that is auto-generated by the system. And as per the government notification, the form will serve as the evidence using which claimants can avail of input tax credit or ITC. But in cases where the form GSTR 2 does not features all the details in respect of the invoices against which input tax credit is being claimed, the authorities may ask for the physical copy of invoices. The notification by the government further clarified that wherein GSTR 2A carries all of the details of the invoices, officials cannot ask for a copy of invoices. In the previous GST refund fortnights convened to expedite the GST refund settlement process, the government has cleared claims of exporters of more than Rs. 54,0000 crore till July. How to Claim GST Refund? The refund application has to be electronically submitted in Form RFD 01 within 2 years […]

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Submit Life Certificate By November 30: Steps to get a life certificate

Steps to get a life certificate Pensioners should submit their life certificate by November 30, 2018 in order to continue receiving their pension, said State Bank of India (SBI), country’s largest lender, on its official Twitter handle- @TheOfficialSBI. The certificate can be submitted either by visiting the branch or by directly submitting it online, from the comfort of home. “The Jeevan Pramaan initiative makes life simpler for pensioners. In just a few clicks, you can submit your Aadhaar based digital life certificate,” the lender said in a series of tweets. Jeevan Pramaan, an Aadhaar-based digital certificate, was launched by the government on November 10, 2014. With the help of Jeevan Pramaan, the whole process of securing the certificate has been digitalized. Since the entire process is primarily Aadhaar based, digital certificate submitted by the pensioner can be authenticated only when pensioners’ accounts are seeded with their Aadhaar number, noted SBI on its portal- sbi.co.in. This initiative is in addition to the existing system of physical submission of life certificate by pensioners at the pension disbursing branches or any branch of the bank at his/her convenience. A physical certificate will continue to be accepted from pensioners if preferred by him/her, mentioned SBI. […]

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5 Simple Ways To Spot Fake Gold – 5 Different Ways

Spot Fake Gold: Collectors of gold know that this precious metal has unique properties that can be identified through careful examination. You can learn to identify genuine gold and avoid being misled through devious practices. Protect your assets and be certain that the gold you buy matches the published claim. How to Test Gold Jewelry / Spot Fake gold Jewelers make an impression in each gold piece of jewelry designed and crafted from genuine molten gold bullion. On necklaces and bracelets, this stamp is on, or near, the clasp. Rings have a stamp somewhere on the inside surface. A jeweler’s loupe is sometimes required to see the tiny stamp placed on fine gold jewelry. The jewelry stamp will include the karat, also called the purity, of the piece, such as 14K or 24K. Close to this stamp is the manufacturer’s stamp, which further clarifies genuine gold jewelry. You might have an older piece of jewelry that does not have a jewelry mark, which could make you wonder if the piece is counterfeit. You will want to conduct additional tests on the piece. The Acid Test to spot fake gold All precious metals can be tested through the use of an acid […]

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Master - How to Pay Taxes Online and Offline

How to Pay Taxes Online and Offline

Pay Taxes Online and Offline The income you earn is taxed in three ways, How to Pay Taxes Online and Offline, namely, a) Tax deducted at source (TDS), b) Advance tax payments and c) Self- assessment taxes paid before filing your income tax return (ITR). You are liable to pay advance tax if your estimated income meets the criteria as stated in the current income tax laws. Abhishek Soni, CEO, Tax2win, an ITR filing company says, “Normally, an individual whose total tax liability exceeds Rs 10,000 in a financial year is liable to pay advance tax. However, as salary received by employees is subject to TDS, in that case, they are not mandatorily required to pay advance tax on salary income. However, if you have income from other sources such as interest income or capital gains that are taxable which are not reported to your employer, then you are liable to pay advance tax on such sources of income.” Apart from advance tax, before you start filing your ITR, you are required to calculate your total tax liability on the income earned during the previous financial year and deposit any balance tax payable as self-assessment tax. Mistakes to avoid while […]

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