Introduction of GSTR 1A: Relief for Suppliers yet Puzzle for Recipients

GSTR 1A, introduced by the 53rd GST Council meeting, allows post-GSTR 1 amendments, streamlining compliance but posing challenges for ITC management by recipients, requiring businesses to adapt efficiently.

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List of Documents Required for GST Registration

Important Documents Required for GST Registration

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GST Registration: How to Register for GST Online in 12 Simple Steps

Here is a step-by-step guide to complete the registration process online on the GST portal.

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How to Register as an E-Commerce Operator and/or for Online Information Services (OIDAR)

GST registration for e-commerce sellers is a mandatory requirement under Section 24(ix) and (x) of the Central Goods and Services Tax Act, 2017

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Aadhaar authentication under GST

A process of submitting the ‘Aadhaar number’ along with other biometric details of the Aadhaar holder to the CIDR for verifying its correctness is known as Aadhar authentication.

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Unique Identification Number (UIN) under GST

A UIN or Unique Identification Number is a GST Exempt class under GST regime for specified person/organisations such as foreign diplomatic missions and embassies, who do not carry any outward transaction and thus are entitled to the refund of the tax paid on inward supplies.

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Pure Agent Under GST

The pure agent makes a payment to a third party, on behalf of the recipient, for procuring a supply when the contract for the supply of services procured is between the third party and the recipient.

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Casual Taxable Person under GST

The provisions made under GST define a Casual Taxable Person as any individual who transacts goods and services occasionally while acting as a Principal, Agent or in any other capacity for the furtherance of the business, but does not possess any fixed place of business in the given taxable territory,

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GSTIN – The Fingerprint to your Business Identity

GSTIN is an abbreviation for Good and Service Tax Identification Number, which is a 15 digit, unique registration number given to every taxpayer registered under GST.

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One Person Company under GST | OPC in India

One person company under GST is a business structure that allows a single individual to operate a company without requiring a partner.

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How GST Rates Could Impact Your Business Strategy

The government seems resolute to bring in the GST regime soon. With activity happening at a frantic pace, it might not be too long before the new tax regime kicks in.

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HSN Code and SAC under GST: A Move towards Standardisation

HSN code stands for Harmonized System of Nomenclature, which consists of a globally used coding system and harmonized commodity description.

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