Simplified Laws Guide to Taxation and Legal Concern

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 …