QRMP scheme GSTR3B from jan 1 2021 clarification
This query is : Resolved
08 December 2020
Seetharaman Sir,
In Fixed Sum method, will it consider itc for calculation or only 35% of previous quarter for first and second month.
In self Assessment method, I have to pay actual calculated tax or 35% of self assessed tax, with ITC considered for first and second method.
Is FSM method more beneficial or SAM method?
Will appreciate your guidance.
In Fixed Sum method, will it consider itc for calculation or only 35% of previous quarter for first and second month.
In self Assessment method, I have to pay actual calculated tax or 35% of self assessed tax, with ITC considered for first and second method.
Is FSM method more beneficial or SAM method?
Will appreciate your guidance.
08 December 2020
To really have the benefit of relaxation it is better to pay on FSM. You don't need to consider ITC for FSM.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- GST ON EXPORT COMMISSION
- Inventory of finished goods
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
