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
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,
In India, GST is not applicable to any exports, which makes all the exports in India, Zero Rated Supplies. As per Section 16 of the IGST Act
The revenue department under GST have plans to introduce a faceless scrutiny of refunds to hasten the claim settlement process.
Invoicing your sales, no matter how basic it may sound, is an essential aspect of business that every taxpayer registered under GST needs to master.
Goods and Service Tax Collection in India went up by 15.6% from a year ago to hit INR 1.06 trillion in March. GST Council has been working diligently towards a fairer taxation system and reduce tax evasion.
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.
If a taxpayer fails to file his\her returns, the taxpayer receives a notice from the government in form GSTR 3A. Know more about the payment structure here!
If a registered taxpayer does not file his/her GST returns on the given due date, he is liable to be penalised as per the notice sent by the government in form GSTR 3A.
HSN code stands for Harmonized System of Nomenclature, which consists of a globally used coding system and harmonized commodity description.