GST compliance report A GST compliance report is a document that provides an overview of a taxpayer’s compliance with the Goods and Services Tax (GST) regulations and requirements. It helps assess the level of compliance and identifies any potential issues or areas for improvement. The content and format of a GST compliance report may vary… Read More »
Tax compliance Tax compliance refers to the act of adhering to the rules, regulations, and requirements set forth by tax authorities in order to fulfill one’s tax obligations. It involves accurately reporting and disclosing relevant financial information, calculating and paying the appropriate amount of taxes, and submitting the required documentation within specified deadlines. For more… Read More »
GST non-exempt categories Goods and Services Tax (GST) is a value-added tax applied on the supply of goods and services in many countries. While some goods and services are exempt from GST, most fall under non-exempt categories that are subject to GST. Understanding these non-exempt categories is crucial for businesses to remain compliant and for… Read More »
Non-GST compliant Non-GST compliant, The term “Non-GST” pertains to transactions or entities that fall outside the scope of the Goods and Services Tax (GST) within a specific jurisdiction. It typically refers to goods, services, or entities that are exempt or outside the scope of GST. In many countries, GST is a value-added tax impose on… Read More »
GST-exempt categories GST-exempt categories, The term “GST-exempt” is used to describe goods, services, or transactions that are not liable to the application of the Goods and Services Tax (GST) within a specific jurisdiction. Exempt items are typically specify in the GST legislation or regulations, and they are not liable for GST at any stage of… Read More »
Temporary GST number In India, there is no provision for obtaining a temporary GST number. A business must first apply for a regular GST registration number by submitting the required documents and completing the registration process. Once the registration is complete, the business will receive a permanent GST identification number (GSTIN), which can be used… Read More »
GST Compliance Checklist Excel Visit for more information: https://www.gst.gov.in/ Registration: Check if your business meets the turnover threshold for GST registration. Register for the Goods and Services Tax (GST) and acquire a distinct GST registration number. Invoicing and Documentation: Ensure that your invoices are in the prescribed format and contain all the required information. Maintain… Read More »
How does one cancel GST registration If a GST-registered business in India wishes to cancel their GST registration, they can do so by following these steps: Visit the GST portal and login to your account using your username and password. Go to the “Services” tab and select “Cancellation of Registration” under the “Registration” option. For… Read More »
Clarification for the GST new registration After filing an application for Clarification for a new GST registration in India, the time taken to receive a response can vary depending on various factors such as the workload of the registration authority and the complexity of the application. To Visit https://www.gst.gov.in/ However, according to the GST Act,… Read More »
GST compliance for private limited company GST compliance for a private limited company in India includes several key aspects. Here are some of the important compliance requirements: GST Registration: Check if your business meets the turnover threshold for GST registration. Apply for GST registration by submitting the necessary documents and information to the GST department.… Read More »
