Tag Archives: #GSTRules

What’s the procedure for closing an inactive GSTIN?

The procedure for closing an inactive GSTIN The procedure for closing an inactive GSTIN to Login the GST portal using your credentials and navigate to the “Services” tab. From the drop-down menu, select “Registration” and then choose “Application for Cancellation of Registration.” Enter the GSTIN of the inactive registration that requires cancellation, along with the… Read More »

Is GST registration mandatory for MSME?

Is GST registration mandatory for MSME GST registration mandatory for (MSME)Micro, Small, and Medium Enterprises (MSMEs) if their aggregate turnover exceeds Rs. 40 lakhs (for goods suppliers) or Rs. 20 lakhs (for service providers). However, in some states, the threshold limit for GST registration for goods suppliers has been increased to Rs. 75 lakhs. To… Read More »

Are you legally liable for any tax issues like GST in India if you are a member of a co-working space?

GST in India Co-working spaces have become popular in India, especially among freelancers, startups, and small businesses. They offer flexibility, cost-efficiency, and the opportunity to work in a dynamic, shared environment. However, as with any business arrangement, questions arise about legal liabilities, especially when it comes to taxes, such as the Goods and Services Tax… Read More »