Registration
Which Countries Collect the Goods and Services Tax (GST)?
France was the first country to implement the GST in 1954, and since then an estimated 160 countries have adopted this tax system in some form or another. Some of the countries with a GST include Canada, Vietnam, Australia, Singapore, United Kingdom, ...
What Is the Goods and Services Tax (GST)?
The goods and services tax (GST) is an indirect sales tax that is applied to the cost of certain goods and services. The business adds the GST to the price of the product, and a customer who buys the product pays the sales price plus the GST. The GST ...
Calculation of Interest Liability as per GST Act
Where the tax liability as per the final assessment is higher than in provisional assessment, will the taxable person be liable to pay interest? Yes. He will be liable to pay interest from the date the tax was due to be paid originally till the date ...
GST state codes and TIN number.
State Name TIN Number State Code Andaman and Nicobar Islands 35 AN Andhra Pradesh 28 AP Andhra Pradesh (New) 37 AD Arunachal Pradesh 12 AR Assam 18 AS Bihar 10 BH Chandigarh 04 CH Chattisgarh 22 CT Dadra and Nagar Haveli 26 DN Daman and Diu 25 DD ...
Commonly Asked Questions on GST
Q.1 What is GST? GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is ...
Who is the person responsible to make assessment of taxes payable under the GST Act?
Every person registered under the GST Act shall himself assess the tax payable by him for a tax period and after such assessment he shall file the return required under section 39. For more information on this visit https://www.taxaj.com/
Who all fall under Unregistered Persons category?
Following persons will fall under "Unregistered Persons" category: 1. Taxable persons who are not registered under the GST and have not applied for registration under GST Act, but are liable to get registered as per the provisions of the Act. ...
How to register for GST online?
Login Fill details in Part A of REG-01 Once you login, you then need to declare the following details in Part A of Form GST REG-01 on the common portal. These details include: (a) PAN (b) ...
Category of GST Registration & Applicability
Nature of GST Registration Purpose of Registration Documents to be Uploaded Normal taxpayer registration (including composition dealer, Government departments and ISD registrations) For undertaking a taxable supply of goods / or services v PAN card ...
What are the documents required for GST registration?
Category of persons Documents required for GST registration Sole proprietor / Individual PAN card & Aadhar card of the owner Photograph of the owner Rent agreement place of business with NOC. Bank account details Address proof of principal ...
What are the benefits of registering under GST?
1. Elimination of multiple taxes. 2. Saving more money. 3. Easy tax filing and documentation. 4. Increase in GDP. 5. Reduction in tax evasion. 6. Easily take input tax credit. 7. Easily register on e-commerce websites. For more information on this ...
What are the different types of Assessment under GST?
The different types of assessment under GST are as under: Section 59 – Self assessment ...
What do you mean by GST Assessment?
Under GST, the term “assessment” means determination of tax liability under the GST Act. Normally, persons having GST registration file GST returns and pay GST every month based on self-assessment of GST liability. This means GST continues to promote ...
What is to be done (in an EWB) if the vehicle breaks down?
If the vehicle breaks down, when the goods are being carried with an EWB, then transporter can get the vehicle repaired and continue the journey in the same EWB. If he has to change the vehicle, then he has to enter the new vehicle details in that ...
Can Part-B of e-way bill entered/updated by any other transporter?
The present transporter can fill or update PART-B of the EWB. The e-way bill can be assigned from one transporter to another transporter, for further movement of consignment. Under this circumstance, the latest transporter, assigned for that e-way ...
Whether Part-B is must for e-way bill?
E-Way bill is complete only when Part-B is entered. Otherwise printout of EWB would be invalid for movement of goods. Filling up of Part-B of the e-way bill is a must for movement of the goods, except for within the same state movement between ...
Can I extend the validity of the e-way bill?
Yes, you can extend the validity of the e-way bill, if the consignment is not being reached the destination within the validity period due to exceptional circumstance like natural calamity, law and order issues, trans-shipment delay, accident of ...
How to generate e-way bill for multiple invoices belonging to same consignor and consignee?
If multiple invoices are issued by the supplier to recipient, that is, for movement of goods of more than one invoice of same consignor and consignee, multiple EWBs have to be generated. That is, for each invoice, one EWB has to be generated, ...
Can the e-way bill be modified or edited?
The e-way bill once generated can't be edited or modified. Only Part-B can be updated. However, if e-way bill is generated with wrong information, it can be cancelled and generated afresh. The cancellation is required to be done within twenty four ...
What are the documents that need to be carried along with the goods being transported?
The person in charge of a conveyance shall carry the invoice or bill of supply or delivery challan, bill of entry as the case may be and a copy of the e-way bill number generated from the e-way bill portal.
What is the Part-A Slip in E-Way Bill?
Part-A Slip is a temporary number generated after entering all the details in PART-A. This can be shared or used by transporter or yourself later to enter the PART-B and generate the E-way Bill. This will be useful, when you have prepared invoice ...
Which types of transactions that need the e-way bill?
For transportation of goods in relation to all types of transactions such as outward supply whether within the State or interstate, inward supply whether from within the State or from interstate including from an unregistered persons or for reasons ...
Company applied for multiple GST Registrations.
Q. When should a business apply for multiple GST registrations? (a) If a business operates from more than one state, then a separate GST registration is required for each state. For instance, If a Paint vendor sells in Delhi and haryana, he has to ...
GST Registration - Definition and types.
Q.1 What is GST Registration? Q.2 Types of GST Registration. 1. GST Registration is the application for GST Number or GSTIN (GST Identification Number). Under the GST(Goods and Service Tax) Regime, it is mandatory for to have GSTIN to collect, pay ...
Is there any validity period for e-way bill?
Yes. Validity of the e-way bill depends upon the distance of the goods have to be transported. In case of regular vehicle or transportation modes, for every 100 KMs or part of its movement, one day validity has been provided and in case of Over ...
Who all can generate the e-way bill?
The Consignor or Consignee, as a registered person or a transporter of the goods can generate the e-way bill. The Unregistered Transporter can enroll on the common portal and generate the e-way bill for movement of goods for his clients. Any person ...
Why is the E-Way bill required?
Section 68 of the Act mandates that the Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding such amount as may be specified to carry with him such documents and such devices as may be ...
I have already registered in GST Portal. Whether I need to register again on the eWay Portal?
Yes. All the registered persons under GST need to register on the portal of e-way bill namely: www.ewaybillgst.gov.in using his GSTIN. Once GSTIN is entered, the system sends an OTP to his registered mobile number, registered with GST Portal and ...
GST Charged on Commission of Air Tickets
Air Ticket & Commission from Airlines Companies: Basically Air travel agents derive following two type of income so air travel agent will raise 2 invoices. 1. Service fees @ 18% on invoice value to passenger.(1st Invoice) 2. Commission/incentive ...