GST
GST Payment Status GST payments can be done via recognized banks either online or in person. The taxpayer must first enter into his or her GST account and create a GST payment challan before submitting a GST payment. The technique for monitoring GST payment status on the GST portal is...
GST Registration Businesses with a turnover of more than Rs. 40 lakhs must register as a typical taxpayer under the GST regime. GST registration is the name of the enrollment process. GST registration is required for certain enterprises. It will be a violation under GST if the firm does operations without...
What is meant by the cancellation of GST registration? The taxpayer's GST registration will be cancelled, which means he or she will no longer be a GST registered person. They won't have to pay or collect GST, nor will they be able to claim input tax credits, thus they won't...
What is GST Registration Businesses with a revenue of more than Rs. 40 lakhs must register as a typical taxable person under the GST system. GST registration is the name of the enrollment process. GST registration is required for certain businesses. It is a violation under GST to do business without...
GST Registration & Return Filing Glossary CGST It's a tax levied by the federal government on intra-state transactions. SGST SGST (State Government Transactions Tax) is a tax levied by the state government on intra-state sales. IGST The tax levied by the national govt on interstate transactions. UGST The Union Territory Goods and Services Tax (UTGST) is a...
Summary of notifications Reduction of Interest / Fees Reduction in Interest Rate for delayed GST payment for Regular Taxpayer for the month of March & April 2021 a. Regular taxpayer- Turnover more than 5 Cr- Interest rate reduced to 9% for first 15 days b. Regular taxpayer- Turnover upto 5 Cr-...
SAC (Services Accounting Codes) SAC (Services Accounting Codes) codes is like International HSN codes by countries around the world. SAC helps in identifying services and rate of tax thereon. There is unique SAC for each and every services. SAC has been mandated to be mentioned in the invoice basis turnover...
HSN Code (Harmonized System of Nomenclature) HSN Code stands for ‘Harmonized System of Nomenclature. HSN is used uniformly across the world. HSN was developed by World Customs Organization (WCO). Length of HSN Code HSN Code is a 6-digit code to classify products in a structured way across the world. HSN Code in India India...
GST Registration in Mumbai “Goods and services tax” (GST) means any tax on the supply of goods, or services, or both except taxes on the supply of alcoholic liquor for human consumption. GST shall be levied and collected by the Central Government and such tax shall be apportioned between the...
GST Registration in Delhi NCR (National Capital Region) GST is a destination-based indirect tax charged on the supply of goods and services. Here, we will discuss GST registration in Delhi NCR (National Capital Region) and other requirement relating to GST registration in Delhi NCR (National Capital Region). Who should register under...
