Tax Gyata

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About Tax Gyata

"Applicants while applying for registration on GST common portal need to upload documents required according to the type or constitution of the business. The list of GST registration documents required is given at TaxGyata. The taxpayer will have to declare principal place of business also while applying for GST registration.

When revised tax invoice can be issued under GST?

Tax Gyata30 Sep, 2021Education

A registered person may issue a revised invoice against the invoice already issued between the period of the effective date of registration and the date of grant of certificate of registration to him. A revised tax invoice shall be issued within 1 month from the date of issuance of certificate of registration.

Who is a non-resident taxable person under GST?

Tax Gyata30 Sep, 2021Education

Who is a non-resident taxable person under GST? Non resident taxable person" is defined under section 2(77) of the CGST Act 2017. ?Non resident taxable person (NRTP) means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India

Meaning of OIDAR services under GST

Tax Gyata30 Sep, 2021Education

"Online information and database access or retrieval services? means services whose delivery is mediated by information technology over the internet or an electronic network and the nature of which renders their supply essentially automated and involving minimal human intervention and impossible to ensure in the absence of information technology and includes electronic services such as,- (i) advertising on the internet; (ii) providing cloud services; (iii) provision of e-books, movie, music, software and other intangibles through telecommunication networks or internet;"

Meaning of interstate supply in GST

Tax Gyata30 Sep, 2021Education

"Meaning of interstate supply in GST As per section 7 of the IGST Act, inter-state supply means, Supply of goods or services where the location of the supplier and the place of supply are in two different states/ two different union territories/one state and one union territory, Supply of goods imported into the territory of India till they cross the customs frontiers of India. Supply of services imported into the territory of India Supply of goods or services or both."

Utilisation of ITC as per New Rules

Tax Gyata28 Sep, 2021Finance

"CGST credit shall be utilized to pay CGST and then balance will be utilized to pay IGST. CGST credit cannot be utilized for payment of SGST/UTGST. SGST credit shall be utilized to pay SGST and then balance will be utilized to pay IGST. CGST credit cannot be utilized for payment of SGST/UTGST."

GST refund on export of goods (With payment of tax)

Tax Gyata28 Sep, 2021Finance

After filing valid GSTR-1 & GSTR-3B, the exporter is entitled to receive a refund of tax paid on the export of goods. Common (GST) portal will validate the details declared in GSTR-1 with GSTR-3B. ICEGATE will match the GSTR-1 details with Shipping Bill and EGM data and process the refund. Any mismatch may lead to the rejection of a refund application.

How to search BOE on common portal?

Tax Gyata28 Sep, 2021Finance

"On ""Search BoE"" records page, enter the Port Code, Bill of Entry Number, Bill of Entry Date and Reference Date*. Click the ""SEARCH"" button. *Reference date is the date when the goods have been cleared from Customs (Passed out of Customs charge). The reference date will either be the Bill of Entry date or a later date. The Reference date can be checked in Form GSTR-2A."

How to Surrender of GST Number?

Tax Gyata28 Sep, 2021Finance

"Surrender GST number through taxgyata in easy steps. The taxpayer or legal heir may file an application for surrender of GST registration in the circumstances: prescribed under CGST rules. Discontinuance of business or closure of business. Taxable person ceases to be liable to pay tax."

Delivery Challan under GST

Tax Gyata28 Sep, 2021Finance

"Delivery Challan is an acknowledgment of receipt of goods. Generate and download delivery challan through taxGyata. The delivery challan should be serially numbered and shall contain the date and number of the delivery challan, name, address and Goods and Services Tax Identification Number of the consigner, if registered. Cases when delivery challan is required "

Non Resident registration under GST

Tax Gyata28 Sep, 2021Finance

There is no GST registration limit for NRIs. They have to apply for a GSTIN in FORM GST REG-09 at least before five days starting any business in India. Find steps to apply registration as Non Resident under Goods and Services Tax.As per section 24 of the CGST Act, GST registration is compulsory for a non-resident taxpayer if he is engaged in any kind of taxable supply in the taxable territory. There is no GST registration threshold for NRIs. They have to apply for a GST number in FORM GST REG-09 at least before five days starting any business in India.