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...
27 – Maharashtra 28 – Andhra Pradesh 29 – Karnataka 30 – Goa 31 – Lakshadweep 32 – Kerala 33 – Tamil Nadu 34 – Pondicherry 35 – Andaman & Nicobar Islands PAN in GST Digits 3 to 12 represent the PAN of the entity. This section establishes the link between the GST and the PAN...
E-invoicing generates and validates invoices electronically through a common portal. It will apply to businesses with an annual turnover of over ₹50 crore from 1 April 2021. E-invoicing involves obtaining a unique invoice reference number (IRN) from the Invoice Registration Portal (IRP) for ea...
Every Union territory or state has a unique code. Thefirsttwodigitsof the GSTIN indicates the state code as per the Indian Census,2011. For example, 09 is for Uttar Pradesh, and 27 stands for Maharashtra. The nexttendigitsare the PAN number of the business house or the taxpayer The13th ...
The due date for filing GSTR-3B returns for October 2024 is extended upto 21st November 2024. This extension is specifically for registered persons whose principal place of business is in Maharashtra and Jharkhand. GSTN Advisory regarding IMS during initial phase of its implementation ...
PAN: Ten-character Permanent Account Number of the taxpayer. Entity Code: Based on the number of registrations within a state. Checksum Digit: Verifies the validity of the GSTIN. Importance and Use of GSTIN in GST Compliance For businesses, having a GSTIN is essential for fulfilling legal obl...
Kerala, Chhattisgarh, Jharkhand, Delhi, Bihar, Maharashtra, Andhra Pradesh, Gujarat, Haryana, Goa, Punjab, Uttar Pradesh, Himachal Pradesh, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, West Bengal, Lakshadweep, Dadra and Nagar Haveli and Daman and Diu, Andaman and Nicobar Islands and...
States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh Union territories: Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep 1.3 GSTR 3B : Taxpayers having turnover upto ₹ 5 cr...
The GST number for Jammu and Kashmir starts with '18' and is followed by a unique 13-digit alphanumeric code assigned to registered taxpayers upon successful GST registration in the state. What are the compliance requirements post-GST registration in Jammu and Kashmir? Following Jammu and Kashmir...
1. Bill Number GTFC/5274, Dated 01.09.2020, Bill Amount 15000, IGST – 2700 2. Bill Number GTFC/5275, Dated 01.10.2020, Bill Amount 20000, IGST – 3600 3. Bill Number GTFC/5276, Dated 01.09.2020, Bill Amount 15000, IGST – 2700 Now GST for Rs. 5400/- will be paid for Bill Nu...