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 Introduction A Turnover Certificate is an essential document that provides details about a business’s total turnover over a specific period. Businesses registered under the Goods and Services Tax (GST) in India often require this certificate for compliance, loan applications, or tax assessments. This article provides a step-by-step guide on… Read More »
GST tax collection authority GST tax collection authority, In the realm of Goods and Services Tax (GST) in India, a tax collector denotes an individual or entity entrusted with the task of gathering and remitting GST payments to the government for the purpose of GST tax collection authority. The following entities are typically… Read More »
GST Registration is Compulsory In India, GST (Goods and Services Tax) registration is compulsory under the following circumstances: 1. 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 operates. As… 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 »
GST Registration in India for less than 1 lakh monthly turnover GST Registration in India for less than 1 lakh monthly turnover: In India, Goods and Services Tax (GST) registration is a significant step for businesses, even for those with a monthly turnover of less than INR one lakh. While many small businesses may… Read More »
GST registration taxpayer or tax deductor GST registration taxpayer or ta deductor: GST registration is applicable to both taxpayers and tax deductors, but the specific requirements and processes may vary. Let’s understand each category: 1. Taxpayer: A taxpayer is a person or entity that engaged in the supply of goods or services and required… Read More »
GST Registration Without PAN GST registration without PAN If you receive an error message stating that your PAN (Permanent Account Number) does not exist during the (Goods and Services Tax) registration process, it could indicate an issue with the PAN information provided or a mismatch between the details you entered, and the records maintained by… Read More »
TAN number for GST registration TAN number for GST registration, In India, the Goods and Services Tax (GST) registration process does not require a TAN . Tax Deduction and Collection Account Number(TAN) is a separate registration issued for deducting and depositing TDS (Tax Deducted at Source) under the Income Tax Act. To register for GST… Read More »
Supporting documents Supporting Documents, To register a trade name for GST (Goods and Services Tax) registration of a proprietorship in India, the following documents are generally required 1.PAN (Permanent Account Number) card of the proprietor: PAN card is a mandatory requirement for GST registration. It serves as an identity proof for the proprietor. 2.… Read More »
