Turnover Certificate from GST Portal To download a turnover certificate from the GST (Goods and Services Tax) portal, you can follow these steps: 1. Visit the GST Portal: Go to the official GST portal of your country. For example, in India, the GST portal is https://www.gst.gov.in/. 2. Log in to Your GST Account: Log… Read More »
Annual Turnover If you are a small wholesaler with an Annual Turnover of less than INR 20 lakhs, you are not required to register for GST. However, if you sell goods across state lines, then GST registration is mandatory, regardless of your turnover. For more information visit this site: https://www.mca.gov.in As for filing returns,… Read More »
Deadlines for GST Tax Payments The specific deadlines for GST tax payments vary based on the taxpayer’s category and the frequency of their filinga Here are some general guidelines for GST tax due dates in India: Monthly GST Return Filers: For businesses that file their GST returns on a monthly basis, the tax due… Read More »
If we make cash sales, should we issue a tax invoice for GST Yes, If you sell goods or services for cash or you do cash sales, you must issue a tax invoice for GST, as required by the law. A tax invoice is a document that contains the details of the goods or services… Read More »
Is the requirement of an original invoice under GST mandatory Under GST, an original invoice is required for claiming input tax credit (ITC). However, a digital invoice, such as an electronic invoice (e-invoice) or an electronic bill of supply (EBS), is considered as an original invoice if it satisfies the prescribed requirements. To visit: https://www.gst.gov.in/… Read More »
Can I add a new HSN code addition after GST registration Yes, it is possible to add a new HSN code addition after the GST registration. Businesses can add new goods and services under different HSN codes as and when required. The process for adding a new HSN code involves logging in to the GST… Read More »
NOC vs. Rental Agreement in GST Registration Form When registering for GST (Goods and Services Tax) in India, one of the requirements is to provide proof of the principal place of business. This can be done using various documents, including a No Objection Certificate (NOC) or a Rental Agreement. Here’s a detailed explanation of how… 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 »
The GST rate for a hotel under composition Hotels that opt for the composition scheme under GST (Goods and Services Tax) are subject to a flat rate of 6% on their turnover. This rate is applicable to both AC and non-AC restaurants, as well as hotels and lodges with a room tariff of up to… Read More »
GST charge on consultancy services GST charge on consultancy services Website link GST charge on consultancy services: Consultancy services in India are considered services and are subject to Goods and Services Tax (GST). The applicable GST rate for consultancy services depends on the specific nature of the service provided. Currently, the GST rates for consultancy… Read More »