The extension in registration threshold limit, introduction and extension of composition scheme to service providers have been taken well by the taxpayers, which proved to be a significant relief measure for MSMEs. Moreover, offering speedy solutions to the MSMEs' issues, GoI has already constituted...
The threshold limits for GST registration vary from state to state and depend on the nature of the business and the annual turnover. For certain states and Union Territories, the threshold limit for registration as a supplier of goods and/or services is Rs. 10 lakhs and for others, it is ...
Businesses with an annual turnover exceeding the prescribed threshold limit (currently Rs. 40 lakhs for most states) must register for GST. For certain special category states and specific businesses, the threshold is Rs. 20 lakhs. How does GST impact e-commerce businesses?
For example– The threshold limit for registration of already registered persons under VAT was Rs.10 Lakhs which has been extended to Rs.40 lakhs for GST registration and therefore persons who were registered under VAT are not liable for registration under GST scheme. ...
All the activities like registration, return filing, application for refund and response to notice needs to be done online on the GST portal, which accelerates the processes. Issues with GST High operational cost GST has given rise to complexity for many business owners across the nation. GST ha...
Otherwise, the default value for the Goods and Services Tax Identification Number (GSTIN) registration number is used.This feature is released in versions 10.0.15 through 10.0.19.Dynamics QR codes in Point of saleFor more information about this feature, see Generate QR codes and print them on...
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GST’s adequate execution. GST Suvidha Kendra® eliminates this by reducing costs, providing big relief to small business with lower boundary point for GST registration, that is above Rs.20 lakhs. Every taxpayer now have the option of GST Suvidha Kendra® near him/her at very nominal rates...
Get GST registration online service with Enterslice: Learn about documents needed, limits, fees, process, and penalties.
Learn about GST registration online: limits, step-by-step process, amendments and cancellations, and answers to frequently asked questions. Read on!