Under the GST regime, exports of both goods and services are not taxed. You may request a refund of input tax credits (ITC) for inputs/input services used in exporting goods or services, subject to satisfying the requirements. What is the GST exemption limit for export of services? GST tr...
Who should obtain the GST registration? If your aggregate turnover in a financial year meets the government-set threshold limit, you must undergo the registration process. This turnover includes: Taxable supplies Exempt supplies Exports Inter-state supplies For services, this includes inward supplies...
6. What is the time limit for taking a Registration under Model GST Law? 7. Do I have to take GST registration for multiple branches in different states? 8. Which taxes at the Centre and State level are being subsumed into GST?
GST Registration not required:- By the Agriculturalists/farmers Person engaged exclusively in the business of supplying of Goods and /or services that are not liable to tax or wholly exempt from tax. Threshold limit of turnover for Registration under GST: States For Goods For Services/ For ...
Each division or business has to quote its own GST registration number and name on its tax invoices, files its own GST return within the statutory time limit and keeps proper accounting records of the GST transactions declared. 4.2 Liability of the business Divisional registration is an ...
Providers of Services and Goods outside India What is the gst registration procedure? GST registration processwill be online through portal support by the Central Government of India. You can also register for GST from the Government portal however there is a certain field in the application which...
What are the mode of payments through which taxpayers can pay their taxes? Where can I pay the GST over the counter and is there a limit on it? What benefits will I get by paying GST with ICICI Bank Internet Banking? FOR MORE FAQS...
What are the mode of payments through which taxpayers can pay their taxes? Where can I pay the GST over the counter and is there a limit on it? What benefits will I get by paying GST with ICICI Bank Internet Banking? FOR MORE FAQS...
CBDT Reduces tme limit for verification of ITR from 120 days to 30 days of transmitting the data of ITR electronically. International Trade Settlement in Indian Rupees (INR) Intuit’s QuickBooks products and services will no longer be available in India ...
There are various reasons for GST cancellation which are as follows – Persons registered under any of the previous tax laws are not liable for registration under GST act. For example– The threshold limit for registration of already registered persons under VAT was Rs.10 Lakhs which has been ...