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Information Of Surrender of GST Registration

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What is Surrender of GST Registration? Most persons or entities who supply goods and/or services in India have a GST registration. After obtaining GST registration, sometimes a GST registration may need to be cancelled. Some of the most common reasons for cancellation of GST registration are closure of business, no requirement to pay GST, transfer of business, change in constitution and no business activity. Surrendering a GST registration will reduce the compliance requirement for the taxpayer, as GST returns would not longer have to be filed monthly. To cancel a GST registration, application must be submitted on the GST Common Portal in FORM GST REG-16 along with the required information. On submission of an application for cancellation of GST registration, the GST officer is required to verify the application and issue an order in FORM GST REG-19, within 30 days from the date of application. What is cancellation of GST registration by Proper officer: The registration
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Information About Revocation Of Cancellation Of GST Registration

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What is revocation of cancellation of GST Registration? The GST Act is very comprehensive and covers various situations a taxpayer may face with provision and procedures. In this article, we look at the procedure for revocation of GST registration cancellation order along with the applicable forms. The provision for revocation are contained under rule 23 of the CGST Rules, 2017. Note: Revocation of GST registration can be initiated if a GST registration certificate has been cancelled by GST authorities. What is Revocation of Cancellation of GST Registration? The GST Act is very comprehensive and covers various situations a taxpayer may face with provision and procedures. In this article, we look at the procedure for revocation of GST registration cancellation order along with the applicable forms. The provision for revocation are contained under rule 23 of the CGST Rules, 2017. Note: Revocation of GST registration can be initiated if a GST registration certificate has
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Location: Pune, Maharashtra, India
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Information About GST Return

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What is a return? A return is a statement of financial activity by a taxable person for a prescribed period. This allows a taxable person to self-assess the tax they owe for that period. Types of GST Returns to be filed by normal taxpayers GSTR-1 The taxpayer records all his outward supplies of goods and services in details in this form. This has to be mandatorily done by the 10th of the next month (GSTN is frequently changing the due date of filing GSTR1. So, keep checking announcements). This will form the basis for all future flow and match for credit reconciliations. GSTR-1 is a detailed form containing 13 different heads. The critical headings are: GSTIN of the Taxable Person – Auto-populated results Name – Auto-populated result Gross Turnover in Last Financial Year – This has to be filed only once. From next year onwards, this field will be auto-populated The Period for which the return is being filed – Month & Year shall be available as a drop-down f
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Location: Pune, Maharashtra, India
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Information About GST (Goods and Services Tax) Registration

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What is GST? GST (Goods and Services Tax) is the biggest indirect tax reform of India. GST is a single tax on the supply of goods and services. It is a destination based tax. GST is one of the biggest indirect tax reforms in the country. GST is expected to bring together state economies and improve overall economic growth of the nation. GST has subsumed taxes like Central Excise Law, Service Tax Law, VAT, Entry Tax, Octroi, etc. Applicability of GST If you are involved in any business except agriculture and your aggregate turnover is above ₹ 20 lakh in a financial year, then you are a taxable person under GST law. Businesses operating in North Eastern and some other states need registration if their turnover exceeds Rs 10 lakh. If you are an NRI doing business in India then it is mandatory for you to register under GST irrespective of the turnover of your business. What is GSTIN? The Goods and Service Tax Identification Number (GSTIN) is the unique number each
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Location: Pune, Maharashtra, India
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Information About E-way Bill

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What is E-way Bill under GST? EWay Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot transport goods in a vehicle whose value exceeds ₹ 50,000 (Single Invoice/bill/delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in Alternatively, Eway bill can also be generated or cancelled through SMS, Android App and by site-to-site integration through API. When aneway bill is generated, a unique Eway Bill Number (EBN) is allocated and is available to the supplier, recipient, and the transporter. What is an e-way bill? e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder. It is generated from the GST Common Portal for eWay bill system by
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Information About GST Amendment

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What is amendments in GST Registration details? GST registration requires various details of an applicant. Once an applicant has registered under GST, there might be a need to make amendments to the particulars of the registration. Given this scenario, the applicant needs to file an application for amendment of GST registration in order to make amendments to the details furnished. To apply for amendment of GST registration, one must understand the two categories. Application for the amendment of core fields – requires approval from GST Authorities Application for the amendment for non-core fields – Does not require approval from GST Authorities What are core fields? Following fields of the registration application are called core fields. ·         Name of the Business, (Legal Name) if there is no change in PAN ·         Addition / Deletion of Stakeholders ·         Principal Place of Business (other than change in State) or Additional Place of Business (other t
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Location: Pune, Maharashtra, India
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"CAPRICORN PERSONALITY" - Ancient Advanced Astrology

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Capricorn , you are amazingly pragmatic and clever and are savvy, regularly develop past your years. On the off chance that there were to be a mantra that speaks to you it would be, “I streamline.” You are a specialist at utilizing time well, and might be a careful organizer. You have your own specific manner of doing things Capricorn, and you can be obstinate with regards to your strategies and choices. Get more information about " CAPRICORN PERSONALITY" @  https://ancientadvancedastrology03.wordpress.com/2019/09/04/capricorn-personality/
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Location: Karad, Maharashtra, India
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