If the GST rules don’t apply to you or you’re closing your business or profession, or if the tax officer asks you to cancel, you can cancel your GST registration. Let’s learn the process to do GST Cancellation through this article. Steps to do GST Cancellation Online Step 1: Firstly, Log in to the GST … Read more
If you own a business in India, you probably know about the Goods and Services Tax (GST). It’s a kind of tax on goods you sell or services you provide. An HSN Code is a special kind of code that is assigned to each good so that the tax rates for that particular item can … Read more
GST Registration is done through GST Reg-01 Form. While filling this GST Reg-01 Form, you need to mention HSN Codes and SAC Codes. Here in this article, you will learn about How many HSN codes you can enter into the application form while submitting the GST Registration form. In addition, you will also understand the … Read more
While you apply for Goods and Services Tax (GST) registration, the GST ARN number, or Application Reference Number, plays an important role. This unique identifier is automatically generated upon submission of your registration application and serves as a tracking number for your application status. Thus, allowing you to monitor the status of your application until … Read more
Understanding the impact of GST on India’s IT sector is really important for all of us in this new modern age. Before GST, India had a complicated tax system with many different taxes. Thus, causing confusion in India’s IT Sector. But GST simplified things by bringing all these taxes together. This made it easier for … Read more
GST payment status is crucial for businesses to verify for compliance. It can be tricky to navigate the portal at first, but here’s a quick guide that you can use to check the GST Payment Online. Stepwise Process to check GST Payment Online You can check your GST payment status without logging in by following … Read more
GST rules provide a strong compliance base, undergoing periodic revisions for simplicity and fairness. Non-compliance or any other reason may lead to cancellation or suspension of a taxpayer’s GST registration. To address this, let’s explore the causes and potential solutions to suspension of GST Registration through this article. What are the potential reasons for suspension … Read more
GST is a key part of business taxes in India. It streamlined taxation by applying a single tax to goods and services. Yes, Sole Proprietors can definitely have 2 GST Numbers but in only certain scenarios which are discussed below. Furthermore, For sole proprietors, it’s vital to grasp GST implications and the possibility of having … Read more
A Joint Development Agreement (JDA) is a prearrangement between a landowner and a developer or builder. In this agreement, the landowner contributes their land, while the developer takes on the responsibilities of obtaining approvals, constructing, launching, and advertising the project with the financial resources at their disposal. JDA is subject to GST and complying with … Read more
Goods and Services Tax (GST) is a comprehensive indirect tax in India. It is levied on the manufacture, sale, and consumption of goods and services in India. GST rates vary depending on the specific goods and services. Thus, it is important to know about GST on Leather and Leather Products so that you can run … Read more