GST compliance for construction company Registration: are required to obtain GST registration if their annual turnover exceeds the threshold limit set by the tax authority. GST registration enables the company to collect and remit GST on the supply of construction services. Classification: Construction services are classified under specific service codes as per the Service… Read More »
GST Identification Number A GST (Goods and Services Tax Identification Number) consists of 15 digits. Each digit in the GSTIN has a specific significance and serves as a unique identifier for businesses registered under the GST regime in India. The 15-digit GSTIN is structured as follows: The first two digits represent the state code, indicating… Read More »
Here are key points to consider for Gst compliance for ecommerce GST Registration E-commerce operators are require to obtain GST registration, regardless of their turnover. Online registration for GST can be conveniently completed through the GST portal. Collecting and Depositing GST E-commerce operators are responsible for collecting GST on behalf of the suppliers selling… Read More »
GST compliance for small business GST compliance for small business in India includes the following key aspects: Registration: Small businesses whose annual aggregate turnover exceeds the threshold limit (currently INR 40 lakhs for most states) are required to register for GST. Voluntary registration also allow. Issuing Tax Invoices: Small businesses need to issue proper tax… Read More »
Service charge after GST Service charge after GST, Following the implementation of GST, the practice of a distinct service charges has been eliminate. According to the guidelines provide by the Ministry of Consumer Affairs, any applicable service charges should be include in the menu prices. And customers are not oblige to pay an… Read More »
GST compliance for LLP GST compliance for LLP: Limited Liability Partnership(LLPs) in India involves certain key obligations. Here are the key points to consider for GST compliance as an LLP: GST Registration for llp engaged in the supply of goods or services with an aggregate turnover exceeding the threshold limit (currently INR 40 lakhs for… Read More »
GST for Freelancers GST (Goods and Services Tax) number is not mandatory for all freelancers. Whether GST freelancers need to obtain a GST number or not depends on their specific circumstances and the nature of their work. To Visit https://www.gst.gov.in/ In general, if a freelancer’s annual turnover exceeds the threshold set by the government, which… Read More »
GST compliance for SEZ units: Special Economic Zone units in India have specific GST compliance requirements. Here are some key aspects of regarding this topic: GST Registration: Special Economic Zone GST procedures are required to obtain a separate GST registration as “SEZ unit” under GST. This registration is different from regular GST registration. Supply of… Read More »
GST Implications for Real Estate GST implications for real estate, In India, the real estate sector’s GST compliance entails distinct regulations and obligations. Here are some key aspects of GST implications for real estate for real estate: GST Registration: Real estate developers and builders are require to obtain GST registration if their annual turnover exceeds… Read More »
GST Compliance Checklist GST compliance checklist, Maintaining compliance with the Goods and Services Tax (GST) regulations is crucial for businesses. While the specific requirements may vary depending on the country. Here is a general GST compliance checklist GST Registration: Ensure that your business is registered for GST as per the prescribed threshold limits and… Read More »
