If a taxpayer’s GST registration is canceled, the taxpayer is no longer required to pay or collect GST, becomes ineligible to claim the input tax credit and do GST Return Filing. Section 29 of the CGST Act, together with Rules 20–22 of the CGST Rules, govern the cancellation of a GST registration. This article discusses … Read more
The development of the Indian economy depends heavily on the agriculture industry. India is one of the world’s top producers and exporters of agricultural goods such as rice, wheat, sugarcane, and spices. In rural India, one of the main industries for employment is the agriculture industry. Therefore, taxation of the agriculture sector plays a major … Read more
Any business entity that enrolls under GST has a unique identifier allocated to it: the GST number. It is a 15-digit number that is exclusive to each taxpayer who has registered for GST. One Person Company can also get GST Registration voluntarily if it wishes to obtain the benefits of GST. Moreover, it is mandatory … Read more
For registration under the Goods and Services Tax (GST) in India, there is a cap on the amount of exemption. If a person’s yearly turnover exceeds the exemption ceiling, he must register for the Goods and Services Tax regime. This is additionally referred to as a GST registration limit or GST threshold. Let us understand … Read more
If your GST Registration was canceled, you can appeal against cancellation of GST Registration in India. For that, you need to follow a specific procedure and attach the correct documents to make your case solid. Therefore, it’s best to consult a CA or a GST Expert to understand the complete procedure in detail specific to … Read more
One of the most important economic sectors in any nation is real estate, particularly in India, where it has recently attracted attention. You will learn about the impact of GST on the real estate sector in this article. You will be specifically knowing about GST on Commercial Property. Previous Legislation of Taxes on Commercial Property … Read more
GST Registration can be canceled either through tax authorities suo moto or voluntarily. If tax authorities cancel your GST Registration, it is known as Suo Moto cancellation of GST Registration. This article will guide you on how to activate GST Registration Canceled Suo Moto. What is Suo Moto Cancellation of GST Registration? Suo Moto Cancellation … Read more
The 47th GST council meeting has approved a goods and service tax at a rate of 5% on several basic and necessary goods, such as pulses, rice, cereals, etc. when they are delivered as “pre-packaged and labeled” goods. From July 18, 2022, these modifications are in effect. The imposition of GST on necessities like pulses, … Read more
Good news for foreign tourists. As part of a drive to execute a provision that is in the legislation, the government will shortly launch a pilot scheme to refund goods and services tax (GST) paid by foreign visitors to India. Thus, Foriegn tourists may soon get a GST Refund for local shopping in India through … Read more
Good Transport Agencies are an important business as they facilitate the overall transport of goods. Transportation is an important part of the overall economy and as a result, the government has specifically exempt good transport agency services under GST. This means that GST Registration is not mandatory for Goods transport agencies and they have been … Read more