However, businesses may struggle with understanding GST rules, including goods/services classification, tax calculation, and registration/return filing. Patience is key as GST is complex, but compliance improves with familiarity. 4. Ease of Doing Businesses with Single Registration Another GST advantage ...
Yes, a bank account is mandatory for GST registration. As per rule 10A of the CGST Rules, 2017, the newly registered taxpayer has to furnish the banking details within 45 days from the date of registration approval or the due date of filing the first return, whichever is earlier. Can I ...
e. Aadhaar authentication is to be done for all Promoters/ Partners/ Authorized Signatories/ Karta etc. as mentioned in the application f. Same may also be accessed through following path - visit GSTN Portal (www.gst.gov.in) à Services à Registration à New Registration à Provide TRN and...
As per the latest amendments in the CGST Rules Aadhaar Authentication has been made mandatory for GST Registration
Let us discuss five important changes in the 5th Amendment Rules under GST in this article. 1. Amendment in Rule 8 Sub- Rule 1 (Application for GST registration) Before applying for GST registration, in Part A of FORM GST REG-01 on the common portal, declare Permanent Account Number, Requ...
GST registration guidelines Indian GST Laws How to export your goods? How to get GST refund amount sanctioned Are there any minimum amount fixed under GST refund? How long will take to get refund of GST How many copies to be submitted for refund of GST ...
GST registration guidelines Indian GST Laws How to export your goods? How to get GST refund amount sanctioned Are there any minimum amount fixed under GST refund? How long will take to get refund of GST How many copies to be submitted for refund of GST ...
GST registration guidelines Indian GST Laws How to export your goods? Modes of payment for GST payments GST payment through Internet Banking How to pay GST through NEFT RTGS GST collection Banks How to pay GST tax through Bank? Cash, Cheques or DD payment under GST, Goods and Service Tax ...
For local companies, we will later walk through the necessary steps to apply for GST registration. If you’re a service provider based overseas and involved in any of the activities listed above, you should undergo the GST registration under theOverseas Vendor Registration (OVR) regime. ...
The GST registration threshold for businesses is $75,000, as of writing in March 2023. However, not-for-profit organisations are not required to register until they exceed a turnover of $150,000. By contrast, limousine, ride-sharing and taxi drivers have to register regardless of their turn...