Does anyone know about Indian taxes? I want to know something about it.

The topic of Indian tax is too big. Let me first talk about the difference between GST in India and domestic value-added tax.

The goods and services tax declaration in India is different from the domestic value-added tax.

GST declaration is divided into two parts: GST-3B and GST- 1.

GST-3B reflects the total amount, and the GST of last month is declared on the 20th of each month, and the payable amount is calculated according to the output minus the input.

GST- 1 is similar to invoice information and needs to be declared before 10, which is different from GST-3B.

The specific information to be filled in includes HSN code, corresponding service type, tax included amount and tax rate, and each invoice information needs to be entered.

What are the benefits of such a complicated declaration system for the Indian government?

The government can better supervise the situation of enterprise goods and services tax.

Case:

A software company declared a goods and services tax of 3W rupees -3B.

However, GST- 1 only provides 2.5W invoice information.

Through comparison, the government found that there was a difference between the amount declared by GST -3B and GST-1.

The GST- 1 declared by the enterprise every month needs to correspond to the GST-3B declared, and whether the amount is different can be automatically seen in the GST system.

If there are differences, the tax bureau has reason to question the authenticity and rationality of your tax payment.

Wrong invoices can also be corrected in the next month, but reasonable corrections should be limited to a few. If dozens or hundreds of invoices are corrected, it will attract the attention of the tax bureau.

India's separate goods and services tax declaration will also have an impact on tax avoidance.

Case:

At the end of March or early April, when the boss of a company checked the financial situation, he found that the profit rate this year was too high compared with previous years.

After consulting the relevant tax officials, the boss intends to avoid taxes by purchasing invoices. Is it feasible?

The time point in the case needs attention. The annual report of Indian companies is March 3 1, and it is very difficult to take tax avoidance action at this time.

Because the invoice bought at this time has probably been declared on the website of GST system, the declared invoice can't be declared again.

If you declare tax on the goods and services tax system at this time, the information of invoice seller will not be reported after the input in goods and services tax -3B is reported.

This will lead to the mismatch of GST between the two parties, and the tax bureau can easily find that you are suspected of tax evasion or profit adjustment.

Therefore, for tax avoidance by purchasing invoices, we must plan ahead, including all other tax avoidance methods.

Indian reverse invoices are also different from those in China.

Write-off invoice also refers to scarlet letter write-off. If there is a reverse invoice, it needs to be reported to GST system every month.

Different states in India have different goods and services taxes.

Each state is designated as a different tax entity, so different states have different GST. It should be noted that all registered places need to declare GST, which is generally handed over to CA for operation in practice.

In addition, DSC (electronic signature of directors) is required for filing. For security reasons, it is best to control the authorization of DSC in your own hands, rather than entrust it to CA, so as to ensure that the operation right of the last step of tax declaration is in your own hands.

That is to say, even if you entrust CA to file tax returns, you should try your best to ensure that the final approval authority is in your own hands, or it should be completed by trusted financial personnel, and you can't hand over the final approval authority to CA.