GST

Today, India ushers in one of the most significant tax reforms since the launch of GST in 2017. Popularly called GST 2.0, this reform trims the complex four-slab structure into just two: 5% for essentials and 18% for most goods and services, with a higher “sin tax” reserved for luxury …

Ms. Rakshitha gets her Board exam results, with a score of 24 marks in Physics. The whole family and the teachers were shell-shocked to see the marks. Based on her past performance and her expectation, she should have got at least, if not more, 85% marks. She applied for revaluation …

‘e-way bill’ should be used for movement of 41 notified commodities. Important commodities are – Arecanut, automobile parts, bitumen, Cardamom, Cashew, Cement, Cement – Concrete Blocks , Chemicals of all kinds , dry fruits, edible oils, electrical goods, electronic goods, furniture , granite/marble blocks, hardware, iron& steel , tobacco products …

Registration under GST is compulsory for all persons having turnover more than the defined limits. Also some persons like e-commerce operator and casual taxable person are also required to register compulsory. Moreover, a person can also register voluntarily. Process of Registration  The registration under gst can be done only through …

1. Every registered person for movement of goods in relation to a supply or for reasons other than supply or due to inward supply from outside the State or inward supply from un-registered persons, whose value exceeds fifty thousand rupees shall enter the details of such goods in the format, …

Q1. How will GST benefit the Trading Community? Ans. Under GST, a trader would be entitled to avail input tax credit paid on his domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Excise and Service Tax form …

Tired of calling your customers and dealers for their GST registration number?  You can get GST registration number (GSTIN) of your dealers and suppliers from GST  portal gst.gov.in. With just PAN number you will be able to get GST registration Number. You need any one of the following details apart …

1. Can I search details of registered dealer/ supplier from the GST Portal? The Search Taxpayer functionality allows you to view the profile of any other registered taxpayer at the GST Portal on entering the GSTIN/UIN. Once you enter the GSTIN/UIN and clicks the submit button the following details will …

1. What is the Electronic Cash Ledger? The Electronic Cash Ledger contains a summary of all the deposits/payments made by a taxpayer. In the ledger, information is kept minor head-wise for each major head. For convenience of user, the ledger is displayed major head-wise i.e., IGST, CGST, SGST/UTGST, and CESS. …

The GST common portal would reopen for migration on 25th June 2017. Assessees are required to complete the migration process before 30th September 2017. DG Systems is constantly compiling the provisional Id requests and sending them to GSTN for creation of Provisional IDs and pursuing with GSTN for issuance of …