(in case of business operates north-eastern state- 10 lakh). 2. If you are supplying goods or services to another state, you have to take GST registration regardless of your turnover. 3. If you are operating or managing digital platform (websites) for e-commerce (online business). Eg:...
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...
GST registration is the process of obtaining a unique identification number for businesses liable to pay Goods and Services Tax (GST). According to GST law, businesses whose turnover crosses the threshold limit of Rs.40 lakh or Rs.20 Lakh or Rs.10 lakh, as the case may be, must register...
When is GST Registration Mandatory in India? #Turnover Criteria:-All taxpayers who have an annual turnover above 40 lakhs are required to get new GST registration. For Service supply, Turnover limit is 20 lakhs. #Causal taxpayer:-If you supply goods or services in events/exhibitions where yo...
The requirement for GST Registration in Singapore is mandated by the turnover threshold set by the authorities. Here, turnover means annual taxable turnover earned through taxable supplies of goods and services by an entity. The threshold limit in Singapore is set at $1 million. ...
B. Time limit for Grant of Deemed Registration (Automatic Registration) - Sl. No. Category Time for grant of registration 1 On Successful Authentication of Aadhaar Deemed approval in 3 days 2 On not opting for Authentication of Aadhaar or failure of Aadhaar Authentication and no SCN is ...
The registered tax person needs to reply this show cause notice explaining “why this registration should not be cancelled?” within 7 working days from the date of service of notice. STEP 3: In case the tax officer is satisfied with the reply sent by the person, he or she will drop the...
As a GST registered business entity, you must charge and collect GST on supplies made to the consumers at the prevailing rate (7%).
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.
The HSN code under GST needs to be furnished based on the turnover limit of the dealer during the previous financial year. Therefore, Tally.ERP 9 does not forcefully copy the HSN code on activating GST for your existing data. 2.How to enter HSN code in multiple companies each having the...