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Cancellation of GST Registration � Reasons and Procedure

Taxgyata32120 May, 2021Education

Tax officer can cancel the GST registration where (a) taxpayer has not filed a return for six consecutive months (b) ITC availed in violation of statutory provisions. Taxgyata - Most trusted tax site on the web Complete Solution to GST, income tax, and company laws. Acts, rules, latest notifications, case laws & many more. Trusted by more than 50000+ professionals and taxpayers. We are a freemium tax portal providing the most recent tax updates to CA's, CS's, CWA's, and taxpayers.

Compulsory GST registration, Compulsory registration under GST

Taxgyata32120 May, 2021Education

Following persons have to take compulsory GST registration under section 24 no matter what is frequency and amount of turnover in a year. Taxgyata - Most trusted tax site on the web Complete Solution to GST, income tax, and company laws. Acts, rules, latest notifications, case laws & many more. Trusted by more than 50000+ professionals and taxpayers. We are a freemium tax portal providing the most recent tax updates to CA's, CS's, CWA's, and taxpayers.

Section 22 of CGST Act | Persons liable for registration

Taxgyata32120 May, 2021Education

Every supplier shall be liable to be registered under section 22 of the CGST Act if his aggregate turnover in a financial year exceeds twenty lakh rupees provided that the Government on the recommendations of the Council may enhance the aggregate turnover..

Section 10 of CGST Act | Composition levy - TaxGyata

Taxgyata32120 May, 2021Education

As per section 10 of the CGST Act the registered person shall be eligible to opt for composition scheme if (a) he is not engaged in making any inter-State outward supplies. Taxgyata - Most trusted tax site on the web Complete Solution to GST, income tax, and company laws. Acts, rules, latest notifications, case laws & many more. Trusted by more than 50000+ professionals and taxpayers. We are a freemium tax portal providing the most recent tax updates to CA's, CS's, CWA's, and taxpayers.

Section 16 of CGST Act | Eligibility and conditions for taking input tax credit

Taxgyata32120 May, 2021Education

Section 16 of the CGST act prescribes conditions for taking input tax credit in GST. A registered person shall not be entitled to take ITC in respect of any invoice for supply after the due date of furnishing of the return Taxgyata - Most trusted tax site on the web Complete Solution to GST, income tax, and company laws. Acts, rules, latest notifications, case laws & many more. Trusted by more than 50000+ professionals and taxpayers. We are a freemium tax portal providing the most recent tax updates to CA's, CS's, CWA's, and taxpayers.

Section 15 of CGST Act | Value of Taxable Supply - TaxGyata

Taxgyata32120 May, 2021Education

Section 15 of the CGST Act provides that the value of a supply shall be the transaction value which is the price actually paid or payable for the supply. The value of supply shall include... Taxgyata - Most trusted tax site on the web Complete Solution to GST, income tax, and company laws. Acts, rules, latest notifications, case laws & many more. Trusted by more than 50000+ professionals and taxpayers. We are a freemium tax portal providing the most recent tax updates to CA's, CS's, CWA's, and taxpayers.

Section 50 of CGST Act | Interest on delayed payment of tax

Taxgyata32120 May, 2021Education

Updated provisions of section 50 of CGST Act 2017 with expert opinions. (1) Every person who fails to pay the tax or any part thereof to the Government within the period prescribed Taxgyata - Most trusted tax site on the web Complete Solution to GST, income tax, and company laws. Acts, rules, latest notifications, case laws & many more. Trusted by more than 50000+ professionals and taxpayers. We are a freemium tax portal providing the most recent tax updates to CA's, CS's, CWA's, and taxpayers.