GST cancellation status after 28th GST meet At the 28th GST meeting, the government has changed GST cancellation procedure. Henceforth, the GST certificate shall be suspended immediately after the application for surrender of GST registration. Thus, no GST liability shall arise once you have applied...
Procedure to be adopted for applying for Cancellation Taxable person has to submit an application electronically at the common portal FORM GST REG-29 to be used by persons who are mandatorily to be registered as registered under old laws and now not required to be registration as per the law ...
Can i file for cancellation of GST registration? The registration, which is granted under GST, can be cancelled only for a few specified reasons. The cancellation can either be initiated by the department on their own or the registered person can apply for cancellation of their registration. In...
In case of failure to serve this notice period, GST officer shall pass the final order of GST cancellation along with the amount of net GST tax payable and the sum of interest or penalty. Q. What is the Late fee in case of Annual return GSTR-9? Late fee in case of late Annual ...
GST Registration Cancellation Our professionals also help with cancelling GST registration, whether voluntarily, due to business closure, or due to changes in business circumstances. GST Compliance and Advisory At Enterslice, we offer advisory services to help businesses comply with GST regulations, includ...
Failure to comply with GST regulations may result in the suspension or cancellation of your GST registration The maximum penalty for breaking the GST is 10% of the total tax amount due. However, there may be a penalty for each non-compliance. Apart from this, the taxpayer is also be respon...
GSTR-10 Final return upon cancellation of GST registration Once Within three months of the cancellation date or order, whichever is later As applicable GSTR-11 Return for taxpayers with Unique Identification Number (UIN) Monthly 28th of the following month April 2024 – March 2025 Penalties for ...
Procedure for GST cancellation by the taxpayer voluntarily STEP 1: Go to the websitewww.gst.gov.inand fill your username and password. STEP 2: Choose option “Application for cancellation of registration” from registration tab given under “Services” menu ...
The Central Government has introduced an electronic filing system for the Canteen Stores Department (CSD) to claim refunds of 50% of applicable taxes on inward supplies of goods, which will be processed online. The procedure includes submitting FORM GST RFD-10A and ensuring all invoices are valida...
Regarding the registration procedure for registered rent deeds under the GST Act, the Assam GST Department has released Circular No. 1/2024, dated March 30, 2024. Read more 01st May 2024 GST revenue collection for April 2024 is the highest ever recorded, with a total of Rs 2.10 lakh crore...