Tag: gst registration office

STEP BY STEP INSTRUCTION Logging in for the first time in GST Portal can be a bit confusing if you are new to this and can require a bit of assistance to do so on how to login. On submission of all the details and documents, an acknowledgement number is allotted. After due verification by the…

What is GST Number (GSTIN)? GSTIN or Goods and Services Tax Identification Number is your unique business identity with the GoI (Government of India) that contains 15 digits alpha-numeric PAN based code. This happens a lot of time that you have paid someone to file your GST that person forgets to do so at correct time. Rather…

What is an E-Way Bill E-Way Bill is the short form of Electronic Way Bill. It is a unique document/bill, which is electronically generated for the specific consignment/movement of goods from one place to another, either inter-state or intra-state and of value more than INR 50,000, required under the current GST regime. As per the…

INTEREST, LATE FEE & PENALTY UNDER GST Late Fee For Delay Filing Of Return GST Late Fee of GSTR-3B *In case of nil outword supply = 20 Rs per day.  *In case of outword supply = 50 Rs per day (but max upto Rs. 5000). Interest Delay payment of tax to government  section 50(1)=18% *Excess clam…

WHAT IS GST RETURN FILING? A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that include: 1.Purchases 2.Sales 3.Output GST (On sales) 4.Input…

GST TAX RATE IN INDIA GST has been structured in a way that essential services and food items are placed in the lower tax brackets, while luxury services and products have been placed in the higher tax bracket. The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%,…