Goods and Services Tax (GST) Goods and Services Tax (GST): The GST is a comprehensive indirect taxation system imposed on the provision of goods and services across India. It is a destination-base tax system that aims to replace multiple indirect taxes like excise duty, service tax, VAT (Value Added Tax), and others. 1. Introduction: GST… Read More »
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 in… Read More »
Compliance Website Link Compliance: GST (Goods and Services Tax) registration is important for several reasons: Legal Compliance: GST registration is a legal requirement for businesses that meet the turnover threshold specified by the government. Failing to comply with the GST registration requirements can lead to fines and legal ramifications. Legitimate Business Operations: GST registration… Read More »
Eligibility for GST registration Eligibility for GST registration Website link: Eligibility for GST registration: GST (Goods and Services Tax) registration in India is required for various entities involved in the supply of goods or services. The following individuals or entities are typically required to take GST registration: Regular Taxpayers: Businesses with an annual aggregate turnover… Read More »
Tan vs. GST Tan vs. GST Website Link Tan vs. GST:TAN (Tax Deduction and Collection Account Number) and GST (Goods and Services Tax) are two different tax-related identification numbers used in India. Here are the key differences between Tan vs. GST: Purpose: TAN: TAN is a unique identification number assigned to entities responsible for deducting… Read More »
Tax registration number Tax registration number: To acquire the PAN (Permanent Account Number) using a GST (Goods and Services Tax) number in India, please adhere to the subsequent instructions: Visit the official GST portal: Go to the Goods and Services Tax (GST) portal website of India at www.gst.gov.in. Click on “Search Taxpayer”: On… Read More »
Compulsory GST registration Website Link: Compulsory GST registration: In India, GST (Goods and Services Tax) registration is compulsory under the following circumstances: Threshold Limit: If your annual aggregate turnover of taxable supplies (goods or services) exceeds the prescribed threshold limit, Compulsory GST registration. The threshold limit varies based on the state in which your business… Read More »
Voluntary GST registration Website Link: The following circumstances outline voluntary GST registration becomes a requirement. Threshold Limit: If your annual aggregate turnover of taxable supplies (goods or services) exceeds the specified threshold limit, you are required to take GST registration. The threshold limit varies based on the state in which your business operates. As of… Read More »
Monthly turnover Website Link monthly turnover: Even if a business has a monthly turnover of less than INR one lakh, it can still benefit from registering for GST (Goods and Services Tax) in India. Some of the benefits are: 1.Legitimacy: GST registration gives a business legal recognition and legitimacy. This can help in gaining… Read More »
Online GST registration process Online GST registration process Website Link: Online GST registration process: Yes, in many countries, including India, GST registration can be done online through the designated GST portal. Online registration provides convenience and simplifies the process for taxpayers. Here’s a general overview of the online GST registration process: Visit the GST Portal:… Read More »