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.
Important Documents Required for GST Registration
Here is a step-by-step guide to complete the registration process online on the GST portal.
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
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.
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.
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.
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,
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.
One person company under GST is a business structure that allows a single individual to operate a company without requiring a partner.
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.
HSN code stands for Harmonized System of Nomenclature, which consists of a globally used coding system and harmonized commodity description.
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