Requirement of Knowledge with regards to Proprietorship and Partnership Firms

This query is : Resolved

Aditya Ghatge (Querist)
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12 November 2022 Dear Sir,

With respect to above mentioned subject line request you to kindly let me know whether to which kind of Income Tax & GST returns shall an Accountant needs to be filled for an entity on regular basis. Also, request you to kindly let me know the difference between E-Way Bill and E-Invoicing are both mandatory for GSTN holders.

Warm Regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 November 2022 Proprietorship.
ITR 3. Once in a year.
GSTR 1 and GSTR 3b monthly or quarterly.

Partnership.
ITR 5. Once in a year.
GSTR 1 and GSTR 3b quarterly or monthly.

E way bill is mandatory for consignment exceed Rs 50,000.
E invoice required for business turnover in excess of 10 crore.

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