The GST Act, passed in Parliament on March 29, 2017, came into effect on July 1, 2017. The journey of the GST regime has been revolutionary, featuring significant changes like the introduction of e-way bills, e-invoicing, GSTR forms, and the digitization of audits, etc. As we step ...
The GST Act, passed in Parliament on March 29, 2017, came into effect on July 1, 2017. The journey of the GST regime has been revolutionary, featuring significant changes like the introduction of e-way bills, e-invoicing, GSTR forms, and the digitization of audits, etc. As we step ...
On 29thMarch 2017, the Government introduced the Goods and Service Tax to unify the state economies and enhance the country's overall economic growth. GST is a form of indirect tax that subsumes all other taxes. The GST Act became effective on 1stJuly 2017, and since then, GST has replace...
Chapter Name Offences and Penalties Section No. 125 Section Name General penalty Updated 2025 Edition GST Law Book PDF Relevant Rules and Forms for GST Section 125: Rule 142: Notice and order for demand of amounts payable under the Act FORM GST DRC – 01: Summary of Show Cause Notice FORM...
GST registrant has violated any rules or provisions as, under CGST Act 2017, he will be subject to statutory GST cancellation. When do we OPT for GST cancellation? There are certain circumstances that may compel a taxpayer to opt for a surrender of GST registration. Given below are some of...
The introduction of Rule 16A is among the prominent updates that ease the issuance of a Temporary Identification Number (TIN) to persons who do not need to register under the GST Act though is mandated to complete the liability of GST payment under its provisions....
What is registration under GST act? Registration of any business entity under the GST Law implies obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input tax credit for the taxes on his inward supplies. ...
The actions taken by the GST Intelligence wing like issuance of show cause notices, summons, search and seizure are dealt by veteran tax professionals at Enterslice. All the assistance to the companies/firms are in accordance with the rules and provisions of the GST Act and other relevant laws...
GST stands forgoods and services tax. It is a tax levied on goods and services sold domestically for consumption. Through the Goods and Services Act 2016, the government imposed GST on products and services at each stage of the supply chain. Whenever the manufacturer sells to the wholesalers,...
In accordance with section 122 of the CGST Act, the penalty for not obtaining GST registration in India within time is INR 10,000/- or 10% of tax due from the supply made, whichever is higher. In addition to the penalty, businesses shall be required to pay GST on the supply made alon...