GST Audit Turnover Limit for FY 2023-24 ✅ GST Audit Turnover Limit for FY 2023-24 Taxpayers whose aggregate turnover exceeds ₹5 crore during the financial year must have their accounts audited as specified under subsection (5) of Section 35 and furnish a self-certified reconciliation statement as specified under section 44 in FORM GSTR-9C along with the annual return GSTR-9. Due date for filing is 31st December of the following financial year. ✅ GSTR-9 for Taxpayers with Turnover Below ₹2 Crore for FY 2023-24 The notification No. 14/2024 – Central Tax dated 10th July 2024 continued exemption for smaller taxpayers, filing GSTR-9 is optional for those with a turnover of less than ₹2 crore. If the return is not furnished by the due date i.e. 31/12/2024, it will be deemed to have been filed. It is advisable, however, to file GSTR-9 before the due date to maintain clean records and facilitate future audits or assessments. ✅ GSTR-9 for Taxpayers with Turnover Between ₹2 Crore and ₹5 Crore

Know all about GSTR-7 a monthly TDS return under GST What is GSTR-7? GSTR-7 is a monthly return that must be filed by registered person who deduct tax at source (TDS) under Section 51 of the Goods and Services Tax (GST). 

All about TDS under section 194Q 1. What is Section 194Q? Answer: Section 194Q mandates buyers to deduct TDS (Tax Deducted at Source) of 0.1% on the value of goods bought from a resident seller when the purchase exceeds ₹50 lakh in a financial year. This rule started on July 1, 2021.

All about ESIC IP Number search function The Employees' State Insurance Corporation (ESIC) has introduced a new and efficient feature to search ESIC IP number.