Rules for filing GST appeals
What is GST Appeal? Any taxpayer who is registered under GST has the option to appeal to the different levels of the appellate authority in case of any problem with the order passed by the GST officer, penalty or any…
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All About GST Registration Certificate and Its Importance
What is a GST Registration Certificate? A GST registration certificate is a document issued by the Indian government to businesses registered under the Goods and Services Tax (GST) system. The GST registration certificate is an online certificate that is provided…
GST Return Filing – An Overview
What is GST Return? A GST return is an official record containing details of all income/sales and/or expenses/purchases that a GST-registered taxpayer (every GSTIN) is required to file with the tax administrative authorities. Every taxpayer registered under GST has to file…
Is GST Applicable to All Goods and Services?
No, GST does not apply to certain types of goods and services due to their nature. These goods and services will be taxed the same as before (under previous indirect tax regime) and are outside the purview of GST for…
GST Tax Slabs Rates in India
Goods and Services Tax (GST) is a value-added tax that is levied on the supply of goods and services in India. Various GST slab rates have been defined to enhance transparency between the customers and sellers in this taxation process. Each of these slabs…
What is the Composition scheme under GST?
What is the GST Composition Scheme? The GST composition scheme is a simple and easy scheme under GST for taxpayers. This scheme is an effective tax-paying mechanism, which is specially offered to small businesses. Under this scheme small taxpayers can…
What are the types of GST Registration?
GST registration is a process by which a taxpayer gets himself registered under GST. GST registration is mandatory for every business or corporation involved in buying and selling of goods or services. Those with an annual turnover of more than 20 lakh…
What is GSTIN Number? – Structure, Importance, Applicability
What is GSTIN? GSTIN is a Goods and Services Tax Identification Number that is assigned to each person registered under GST. It is a 15-digit unique identification number. GSTIN has replaced the TAX Identification Number issued to businesses under the erstwhile VAT…
Is every business required to be registered in GST?
No, every business is not required to get registered under GST. The applicability of GST registration is dependent on your business Aggregate Annual Turnover (AATO). Any business into the supply of goods or services with a specific turnover needs to…
What is GST in India?
What is GST? GST is known as the Goods and Services Tax. It is levied by the government to replace many indirect taxes in India such as the excise duty, VAT, services tax, etc. GST was passed in the Parliament…