It is once again that time of the year when you are required to file your returns and it is pretty simple. To avoid the Sh2000 penalty, follow the steps below and ensure you have filed your ...

Today marks the deadline for taxpayers to address concerns on KRA’s migration of VAT and Income Tax balances from the legacy ...

It is essential for taxpayers to validate the data of their transactions before proceeding with the process of filing returns, as it saves time and unnecessary data entry. To cater to this purpose, ...

“The Kenya Revenue Authority (KRA) wishes to notify all VAT-registered taxpayers that, to simplify the VAT return filing process, the VAT return will be pre-filled with tax information available ...

This is contrary to a requirement by KRA, which penalises Kenyans who fail to file nil returns. “How do they file returns when they’ve been unemployed? That is how ridiculous it is,” Wanjigi ...

Mysuru: With effect from 1.11.2024, that is October 2024 tax period, GST-TDS Return in FORM GSTR-7 filing has been made compulsory whether there is GST-TDS made or not. In view of this, for a month in ...

The penalty for not filing GSTR-3B return is Rs.50 per day, in case the taxpayer had any transactions during the return filing period. The penalty would be Rs.20 for not filing NIL GST return. What ...

GSTR-7 due date: New advisory by GSTN says even if the due date for filing GSTR-7 is missed, taxpayers filing a 'Nil' GSTR-7 return will not have to pay any late fees. The deadline to file GSTR-7 is ...

Hence, GSTR-7 return is to be filed in chronological order, beginning with the return period of October 2024. It is pertinent to mention that for a month in which no deduction have been made, ...