GST Checklist for PVT Ltd Company GST Checklist for Pvt Ltd Company, Verify if your company meets the turnover threshold for GST registration. Apply for GST registration by providing the necessary documents and information. Invoicing and Documentation: Ensure that all invoices issued by your company are GST compliant, including details such as GSTIN, invoice… Read More »
Types of GST In India, the GST is classified into four main types: 1.CGST : This is the GST levied by the Central Government on the supply of goods and services within a state. 2.SGST : This is the GST levied by the state government on the supply of goods and services within a… Read More »
Pink tax Pink tax is a term used to describe the extra amount that women are charged for certain products or services that are marketed specifically to them, compared to similar products marketed to men. This can include items such as clothing, personal care products, and healthcare services. Pink tax is not a separate… 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 »
Can we provide a personal PAN number for GST registration No, you cannot provide a personal PAN (Permanent Account Number) number for GST (Goods and Services Tax) registration of a company. It requires a PAN number that specifically issue to the company by the Income Tax Department of India. For more information to Visit https://www.gst.gov.in/… Read More »
How do I find out my UAN number from my PAN The UAN (Universal Account Number) is a unique identification number assigned by the Employees’ Provident Fund Organization (EPFO) of India exclusively to each account holder. If your UAN is not linked to your PAN in any way. Therefore, you cannot find out your UAN… Read More »
What is referral income and how is it taxed Referral income refers to the commission or incentive received by an individual for referring someone or a business to another individual or company. Referral income form of income is commonly earned by professionals in the sales or marketing field and it is taxed. To visit https://www.gst.gov.in/… Read More »
Is GST Registration Necessary for a Pvt. Ltd. Company with Exempted Services? Navigating the complexities of Goods and Services Tax (GST) can be challenging for businesses, particularly when it comes to understanding registration requirements. For a Private Limited Company (Pvt. Ltd.) providing services that are exempt from GST, a common question arises: Is GST registration… Read More »
Introduction The Goods and Services Tax (GST) in India is a comprehensive tax system that affects businesses of all sizes, including proprietorships. To ease the process of GST registration, the government introduced the concept of Digital Signature Certificates (DSC). A question that often arises is whether a DSC is mandatory for proprietorships under the GST… Read More »
Which items are liable for cess in GST In GST, cess is levy on certain goods or services that are consider to be luxury or sin goods, such as cigarettes, tobacco products, pan masala, aerated drinks, and luxury cars. For more information to visit https://www.gst.gov.in/ The proceeds from the cess are mean to be use… Read More »