Goods and Service Tax
PARTNERSHIP FIRM GST REGISTRATION ONLINE
PARTNERSHIP FIRM GST REGISTRATION ONLINE GST Registration is necessary for each Firm whose turnover crosses 40 lakhs each year. But there are also some Firms for whom registration is necessary if the business entity did not go above the predefined ...
GST Applicability on Renting Services for Residential Properties
GST on residential property: The goods and services tax (GST) is in attention these days as to whether a salaried individual should pay GST on home rent. According to tax experts, until 17th July 2022, GST was applicable on the rent of a commercial ...
QRMP Scheme under GST
Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme under GST Who is eligible for the QRMP scheme? A registered person who is required to furnish a return in GSTR-3B, and who has an aggregate turnover of up to Rs.5 crore in the ...
What is the Process to File Goods and Service Tax Return?
A GST return is a document containing details of all income/sales and/or expenses/purchases that a GST-registered taxpayer (every GSTIN) is required to file with the tax administrative authorities. This is used by tax authorities to calculate net tax ...
What is Invoice Reference Number (IRN) in GST
IRN known as Invoice Reference Number is a unique number allotted by Government to tag and identify every valid e-invoice generated in India, being implemented from 1st October 2020. The e-invoicing system has been introduced to create a standard for ...
How to Register on e-Invoicing Portal in GST
e-Invoice Registration on IRP – Who should register, Steps for Registration Under the new e-invoicing system, a taxpayer will have to generate his invoices on his own accounting/ERP system and then upload the same into the IRP i.e the ...
GST Registration For Foreign Companies
All individuals should apply for GST registration for foreign companies as per the GST Act. Goods and Services Tax or GST acts as an indirect tax in India. The tax applies to all the goods and services. The liability for payment of GST generally ...
Gst Registration For Foreign Company
Foreigners and non-resident Indians (NRIs) are drawn to India because of the country’s commercial opportunities. If you’re a non-resident and plan on selling goods or services, whether, for a short or long period of time, you’ll need to register for ...
What is the Limit for getting GST Audit Done?
GSTR-9C is an annual GST reconciliation statement that underwent a major change in 2021. The Form GSTR-9C was earlier applicable to businesses with more than Rs.2 crore as annual turnover in a particular financial year. It required the audit of books ...
Calculation of GST Annual Return Late Fee?
The Goods and Services Tax (GST), introduced in 2017 as a completely new taxation regime, has undergone several amendments since its launch. These amendments have often caused confusion among taxpayers, leading to multiple extensions of deadlines for ...
What are the Gst Annual Return Due Date?
How to File GST Annual Return Implemented in India from 1st July 2017. Over 1.3 crore businesses in India have been registered and issued GST registration under the new GST regime. The entities registered under GST must file annual returns as per ...
What Is Input Tax Credit In GST with Example
One of the fundamental features of GST is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country. 1st February 2022 Budget 2022 updates- 1. ITC cannot be claimed if it is ...
Gst Invoice Format For Service Provider
An invoice is a commercial instrument issued by a seller to a buyer. It identifies both the trading parties, and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts, if any, and the ...
How to get Downloadable Gst Invoice Format?
Invoice Format All invoice issued by businesses under GST must contain the following information: Name, address, and also GSTIN of the supplier A consecutive serial number not exceeding sixteen characters, in one or multiple series, containing ...
Foreign Embassy GST Registration Form
UIN stands for Unique Identification Number, a special class of GST registration for foreign diplomatic missions and embassies that are not liable to taxes in the Indian territory. Any amount of tax (direct or indirect) collected from such bodies is ...
How to Surrender or Cancel GST Number
Cancellation of Registration under GST You can cancel your GST registration if the GST rules don’t apply to you or you are shutting down your business or profession, or the tax officer calls for cancellation. This article will guide you through the ...
How to check the correct Input Tax Credit Rate?
Input Tax Credit – ITC One of the fundamental features of GST is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country. Latest Update 1st February 2022 Budget 2022 updates- 1. ...
How To Get Temporary GST Number
TEMPORARY GST REGISTRATION FOR CASUAL TAXABLE PERSON If any individual undertakes occasional transactions, which involves supply of goods or services or both as a party or as an agent or in any other capacity in any state or UT where he has no fixed ...
How to Surrender or Cancel the GST Number?
Cancellation of GST Application: Complete Guide The taxpayers must follow the below following steps for the Cancellation of GST Registration: Step 1: Firstly, the taxpayers have to visit the Goods and Services Tax portal for the Cancellation of GST ...
How to Surrender your GSTIN Online?
New functionality has been introduced on the GST portal for the surrendering of GST Registration. If you want to cancel your GST registration, follow the below steps: – Step 1: Login into your account on GST.GOV.IN Step 2 : Go to Services >> ...
What is the Turnover Limit for GST Audit?
As per the Finance Act, 2021, the requirement of GST audit and submission of GSTR-9C as certified by the CA/CMA was removed. As per the 43rd GST Council meeting that was held on 28th May 2021, the GST Council recommended that GSTR-9C may be still ...
Are there any Charges for GST Cancellation Online?
GST cancellation charges GST registration can be cancelled voluntarily if the business is dormant or does not have the necessary business turnover. Further, a GST registration can also be cancelled by a GST officer if the business is non-compliant ...
What is GST invoice & Who can Issue it ?
Invoicing Under GST As a GST registered dealer, you are required to provide GST Invoices, also known as GST bill to your clients. Here, we will be covering the following aspects of GST Invoices: What is a GST Invoice? An invoice or a GST bill is a ...
Is ther Any Option for Revising the GST Return?
What is Amendment of Returns? One of the key changes introduced in the new return filing system is the facility to amend a return, once filed. Currently, GST returns cannot be amended, and errors, if any, can only be rectified by making an amendment ...
How to file Amendments in GST Returns?
The GST Council has introduced a new return filing system with one main return FORM GST RET-1 and two Annexures. In FORM GST ANX-1, a taxpayer has to report details of all outward supplies, inward supplies on a reverse charge basis and import of ...
Temporary GST Registration Number
TEMPORARY GST REGISTRATION FOR CASUAL TAXABLE PERSON If any individual undertakes occasional transactions, which involve the supply of goods or services or both as a party or as an agent or in any other capacity in any state or UT where he has no ...
Letter Of Undertaking Under Gst For Export
What does LUT under GST means? LUT in GST: Full form/meaning is Letter of Undertaking. It is prescribed to be furnished in the form GST RFD 11 under rule 96 A, whereby the exporter declares that he or she will fulfill all the requirement that is ...
Penalty for Late Filing of GST Return
What is GST Return Form? GST Return Form is a document containing details of all purchases, sales, output GST (on sales) and input tax credit (GST paid on purchases) to calculate an assessee’s GST liability for a particular tax period. Currently GST ...
How To Revoke GST Registration After 180 Days
Revocation of GST Registration Cancellation The GST Act is very comprehensive and covers various situations a taxpayer may face with provisions and procedures. In this article, we look at the procedure for revocation of GST registration cancellation ...
GST Rule for Aadhaar Authentication While Registration
The 39th GST Council Meeting was held on March 14, 2020, In which, the council agreed on the operationalization of Aadhaar authentication for new taxpayers. However, as per sources in the Finance Ministry, the implementation of the process was ...
What are the GST E Invoicing Applicability and requirements?
Who must Generate E-Invoices? Turnover limit Phase Applicable to taxpayers having an aggregate turnover of more than Applicable date Notification number I Rs 500 crore 01.10.2020 61/2020 – Central Tax and 70/2020 – Central Tax II Rs 100 crore ...
What are the Returns & Compliances under GST?
What is GST Return? GST return is an official document that furnishes all the purchases, sales, tax paid on purchases, and tax collected on sales-related details. The GST returns is required to be filed, following which the taxpayer has to pay off ...
Types of GST and its Applicability
GST Applicability: An Overview Although GST is theoretically paid by suppliers, the burden is ultimately passed on to end-users. India is a quasi-federal country with the ability to levy and collect taxes through suitable legislation by both the ...
Gst registration for service provider
In this guide we let you know about GST Registration for Service Providers. All the Service Providers have different rules regarding GST Registration. The Goods and Services Tax (GST) is a unified tax structure that was implemented by the Government ...
How to Apply GST Registration Online?
जीएसटी रजिस्ट्रेशन कैसे करें GST Registration Kaise Kare GST Indirect Tax की व्यवस्था का एक सबसे बड़ा सुधार है| GST भारत में मोदी सरकार द्वारा जुलाई, 1 , 2017 को देश में इसकी शुरुवात की गयी थी | इसे देश में आर्थिक विकास को बढ़ाने के लिए लाया गया ...
How to Track GST Application Status?
Instant Check your ARN status of GST Application, all over India Search your ARN status of GST application number all over India ,Just type your ARN number below and check application status of the GSTIN/UIN. ARN number is generated on the GST Portal ...
Gst Registration Documents Required
How does GST registration helps you: GST registration not only helps you in getting your business recognized as a legal registrant but also opens a number of opportunities for your business. Benefits to GST registered business at glance are as ...
What is Input Tax Credit? Explain with examples
What is input tax credit? Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs and pay the balance amount. Here’s how: When you buy a product/service from a registered dealer you pay taxes on ...
Input Tax Credit Utilization & Adjustment Rule
Input Tax Credit – ITC One of the fundamental features of GST is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country. Latest Update 1st February 2022 Budget 2022 updates- 1. ...
Facilities on the einvoice1.gst.gov.in
einvoice1.gst.gov.in or the e-invoice portal is the first invoice registration portal maintained by the National Informatics Centre (NIC) for generating IRN for e-invoices. The e-invoicing system became applicable on 1st October 2020. There are ...
Next page