best gst billing software kerala

BREAKING DOWN 'Indirect Tax' Indirect taxes are defined by contrasting them with  direct taxes . Indirect taxes can be defined as  taxation  on an individual or entity, which is ultimately paid for by another person. The body that collects the tax will then remit it to the government. But in the case of direct taxes, the person immediately paying the tax is the person that the government is seeking to tax. Import duties, fuel, liquor and cigarette  taxes  are all considered examples of indirect taxes. By contrast,  income tax  is the clearest example of a direct tax, since the person earning the income is the one immediately paying the tax. Admission fees to a national park is another clear example of direct taxation. Some indirect taxes are also referred to as consumption taxes, such as a  value-added tax (VAT) .   Examples of Indirect Taxes The most common example of an indirect tax is import duties. The duty...

GST Reports ASTER BILLING F.No.225/358/2018/ITA.1IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth-Block, ITt· II DivisionNew Delhi, the 24'h of Sept mber, 2018Order under Section 119 of the Income-tax Act. 1961On due consideration of representations from various stakeholders for exten ing the duedate, being 30th September, 2018, for filing of income-tax returns and various repes of auditpertaining to assessment-year 2018-19 for assessees' covered under clause (a) of f xPlanation2 to section 139(1) of the Income-tax Act, 1961 (Act) read with relevant provisions of the Act &Income-tax Rules, the CBDT, hereby extends the due date for filing of income-tat returns aswell as all reports of audit (which were required to be filed by the said specified dati)' from 30thSeptember, 2018 to 15th October, 2018. However, there shall be no extension of t e due datefor purpose of Explanation 1 to section 234A (Interest for defaults ...

Aster Billing What is UQC? UQC stands for  Unique Quantity Code. In simple terms, it is a unit of measurement such as 1 kilogramme of wheat has to be mentioned in the invoice as 1 KGS, 1 litre of oil as 1000 MLT, etc. What is UQC in GST? As per CGST Rules, any tax invoice, credit note, debit note must have UQC or quantity unit description. For example- 100 metres of fabric  – 100 MTR Where does UQC need to be declared during filing? UQC must be declared in the HSN summary section while filing GSTR-1/2/3. What is the confusion some taxpayers are facing? Businesses maintain variations of the same code. For example, metre can be written as Mtr., m, metre, metres, meters. GST portal accepts only 1 variation of the quantity code MTR-METERS. Any other variation is throwing an error. If you are using the government GSTR-1 offline tool please select the correct code from the dropdown. T he quantity details need to be furnished using the prescribed UQC of GST Po...