A GST number is also necessary to claim the input tax credit, which is the amount of GST paid on the goods or services purchased for business purposes. Input tax credit claim is likely for a GST-registered person only if the supplier has uploaded the invoice details in the GST portal and...
India is a federal country where both the center and the states can levy and collect taxes by way of appropriate legislation. Both government levels have different responsibilities to perform according to the division of the powers mentioned in the Constitution for which they need to collect resourc...
This Course will cover the highlights of Goods and Services Tax which include 15th chapters 1.Introduction and Basic Details of Good & Service Tax Introduction of Goods & Service Tax List of Taxes Included in the Goods & Service Tax List of Taxes not included in the Goods & Service Tax ...
Post which it goes into warehousing before being actually sold. Each of these stages are called value additions that make a product/ service more valuable to the eng consumer. GST is levied on these value additions. Destination-based: If you’re manufacturing products in Uttar Pradesh, but ...
Parliament passes the revised Constitution Amendment Bill, receiving the President’s approval. 2017: The GST Council finalizes tax rates,GST rules, and compliance guidelines. The Cabinet approves four supplementary GST bills, which pass in both the Lok Sabha and the Rajya Sabha. ...
The main certificate, Annexure A and Annexure B are all included in the GST registration certificate. The following is a list of the primary GST registration certificate's contents:Trade name and legal name of the taxpayer, along with GSTIN Type of Business Constitution Address of the ...
Step 1: Visit the GST portal - https://www.gst.gov.in Step 2: Click on the ‘Register Now’ link which can be found under the ‘Taxpayers’ tab Step 3: Select ‘New Registration’. Step 4: Fill in the below-mentioned details: ...
GST: PHILOSOPHY AND LOGIC:Among the aims and objective of this course, it is geared towards investigating numerous areas through which students on graduation, would have been greatly prepared with requisite potentialities for the most responsively active citizenship. ...
CGST, SGST, IGST & UTGST are the 4 components or types of GST with a concept of one tax one nation. Read the details of CGST, SGST, IGST & UTGST.
Proof of registration or Constitution of Taxpayer Partnership Deed in case of Partnership Firm, Registration Certificate/Proof of Constitution in case of Society, Trust, Club, Government Department, Association of Person or Body of Individual, Local Authority, Statutory Body and Others etc. ...