GST levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.Read More
HSN (Harmonised System of Nomenclature) code shall be used for classifying the goods under the GST regime. Taxpayers whose turnover is above Rs. 1.5 crores but below Rs. 5 crores shall use 2 digit code and the taxpayers whose turnover is Rs. 5...Read More
a) persons making any inter-State taxable supply; b) casual taxable persons; c) persons who are required to pay tax under reverse charge; d) non-resident taxable persons; e) persons who are required to deduct tax under section 37; f) persons who...Read More
Any person should take a Registration, within 30 days from the date on which he becomes liable to registration, in such manner and subject to such conditions as may be prescribed.Read More
If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?
No, Every person who is liable to take a Registration will have to get registered separately for each of the States where he has a business operation and is liable to pay GST.Read More
Whether a person having multiple business verticals in a state can obtain for different registrations?
Yes, a person having multiple business verticals in a State may obtain a separate registration for each business vertical.Read More
Yes, Every person shall have a Permanent Account Number issued under the Income Tax Act, 1961 in order to be eligible for grant of registration GST. However, PAN is not mandatory for a non-resident taxable person who may be granted registration...Read More
A taxable person residing outside India and coming to India to occasionally undertake transaction in the country but has no fixed place of business in India is a non-resident taxable person.Read More
It is basically an office meant to receive tax invoices towards receipt of input services and further distribute the credit to supplier units proportionately.Read More
Yes, ISD registration is for one office of the taxpayer which will be different from the normal registration.Read More
Yes, Different offices of a taxpayer can apply for ISD registration.Read More
GST Registration is not mandatory for persons who Supply agricultural produce from cultivation Make only exempt supplies (Nil Rated or Non-Taxable supplies) of goods or services Make supplies which are entirely covered under reverse chargeRead More