However, GST registration charges vary depending on the type of business and turnover. Therefore, after successfully completing GST registration, the applicant will receive a unique GSTIN. The central government issues a state-wise, 15-digit number to applicants once the registration is completed; ...
To clear any ambiguity regarding the reimbursement of tax paid on exports, the Indian government provided a guidance note to clarify claiming input tax credits on zero-rated supplies. The below are the points you should take into account when considering a refund application for zero-rated suppli...
The GST Act of 2017 allows the Central Government to impose and collect taxes on the sale of goods or services within a single state. It covers all aspects and matters related to this taxation framework. Introduction The Goods and Services Tax (GST) registration process in India, Jammu and ...
GST status. (a) If the Funds paid under this Agreement are of a non-commercial, funding nature, paid to a ‘government related entity’ for GST Act purposes (Government Related Entity) and sourced from ...
No need to re-examine GST on online gaming However, the government seems to have mostly disregarded the industry’s concerns. On September 9, Karnataka Revenue Minister Krishna Byre Gowdastated thatclaims about the increased levy wiping out the industry were unfounded. In fact, ...
gives powers to the Government “on the recommendations of the Council, to allow regularization of non-levy or short levy of GST, where tax was being short paid or not paid due to common trade practices.” The amendment may potentially help alleviate the concerns of online gaming services that...
The GST compliance rating is a score given by the government to a business based on parameters such as timely filing of monthly and annual returns, furnishing details of input credits used, and taxes paid. This compliance rating shows customers and other firms how compliant they are with the ...
H5 = GST late fees I5 = Interest on GST Press ENTER and drag the formula for each cell up to the month of December. Now, apply the following formula to get the total amount to be paid for the whole concerning time (i.e. from January to December). =SUM(J5:J16) Here, (J5:J16...
Who has to pay GST? GST Composition Levy How to check the time of contract on high sea sale transaction? How to Choose a product for export business How to cover the risk of Cargo loss or damage How to customs clear Cargo arrived in a port where in import license obtained for another ...
Question 35: late fees for GSTR-3B for first three months had been waived and and fees already paid was going to be reflected in cash balance, but no such cash balance under any head is being reflected? Answer:This will be available shortly ...