Hi guy’s

This is Ravi Varma, in this article I will tell you about the Traces site.

Let’s start,

What are the documents required to take registration on TRACES?

• Most important You have availed TAN number of your Firm.
• You have to your latest TDS Return statements.
• You should have the token number of Form 26Q
• You should have full details of your challan because you have to give your challan details on TRACES portal.

Follow these steps to register on TRACES

• Go to the the TRACES portal site and click to continue button (tdscpc.gov.in)

• click to the register as new user icon.

• Sellect Your firm type.

• After selecting the type of your firm, you have to give the valid tan number of your firm and enter the captcha code.

• After doing this step the next step is to enter your first TDS return token number.

• After this, you will have to give all the basic details of any of your Challan.

A. your BSR code

B. Date of tax deposited.

C. Challan serial number.

D. Total challan voucher amount.

• In this option, you have to give details of the PAN number of your submitted challan and then click on proceed option.

After this, you have to enter the details of your firm.

a. Deductor TAN number

b. Name of deductor(Firm name)

c. What is the category of deductor?

d. PAN number of the firm who is deducting TDS

e. Whoever is the authorized person to deduct TDS, his PAN number will have to be given.

f. The details of the date of birth of the authorized person have to be given.

g. The designation of the authorized person has to be mentioned in which position the person is holding in the company.

h. If the authorized person is an employee then the employee option has to be selected

• After this you have to give the details of the address of your firm, you can give this details in two ways.

1. Same as in TAN number:- This means that whatever address is mentioned in your TAN number, they can give it to us.
2. Same as in last statement:- This means that whatever address is mentioned in your previous TDS return, you can give it to us.

• Communication Details :- In this, it takes information about the communication details of your firm, if there is some problem or error, then a message will be sent to you in the form of traces.

• In this also you can give communication details in two ways

1. Same as in TAN number:- This means that they can give whatever communication details are mentioned in your TAN number.
2. Same as in last statement:- This means that you can give whatever communication details have been mentioned in your previous TDS return.

• Register as new user.

The last step to register on the TRACES portal is to create a login ID and password.

You have to enter your unique login ID and password in it and then click on create an account.

• After this you will get the confirmation details showing all the details of your firm, if all the details are correct then click on the confirmation option and if anything is wrong then you can go to the edit option and you can correct it.

• If we click on confirm option then we will get the message of registration on traces.

• After this, a link will be sent to your email from Trace, on clicking of which you will get an activation code, with the help of which you can register yourself on the Trace site.
• enter your user Id & verification code which is received in your email and then click on the submit option.

Finally, you have successfully registered on the traces site.

Thank’s

*First of all, we are asked whether you have any nil return or not.

*In the second, we are asked whether we have supplied anything, whether it is Nil Rated or exempted or non-GST, so we have to do yes in this column. And if it doesn’t, then no has to be done.

A reverse charge is also counted in this column. This means that. When we are unable to charge a person from whom we are not able to charge tax, then we charge RCM. This means that whoever pays the tax will pay tax to the direct government. Not anyone else. This table number 3.1 I am entered.

*Third If I have an interstate supply in this column or we supply the goods to an unregistered person who is not a registrar in GST, then we have to tick this column.

*fourth In this, if we provide a service, we can claim for Goods as well as Service Tax for input tax credit and if there is any reverse charge, we can also claim it. So we have to tick it

*fifth If we have received a nil rated or non-GST supply, then we have to tick this column. We also have to tick it for the Exempt supply.

*sixth If a company returns a late fee of GST due to which it has to pay interest, then we have to tick it too.

• this portal is set up and maintained by an entity called googs and service network and in short formate, it discards GST and GST is an important part of the GST regime or that no one can say that it does its backbone. later on, I shall explain about GST and in detail.just, in fact, non-government nonprofit private limited company. the main purpose behind the creation of GST is to provide the front end the back and I need an infrastructure solution to support the GST.
• let me give you some major function of the GST and in the working of GST, GST and facilitates the registration of every taxpayer in the system.
• GST enables filing and forwarding of the returns to central and state tax authorities.
• Gst on computers and seto;s GST just is not just tax payment details with banking network.
• It provides the weariest management information system and reports to Goldman GST and analyzes taxpayers’ profile and it also runs the matching engine for an input tax credit
• .These are enormous and extremely complex stocks especially when you look at the scale of the process at the bank level.GST is more about the importance of the role that GST in place in the functions of GST.