Introduction The new section 16(5) of the CGST Act allows taxpayers to claim Input Tax Credit (ITC) for a certain period. This is a helpful step by the government to support GST-registered businesses in claiming their unused ITC for the financial years 2017-18 to 2020-21. They can do so until November 30, 2021. This section …
The Delhi High Court recently quashed the cancellation of GST registration for Rashid, Proprietor of MS Enterprises, highlighting serious procedural lapses in the issuance of Show Cause Notices (SCNs) and the denial of a personal hearing. Background of the Case The petitioner, Rashid, filed a writ petition under Article 226 of the Indian Constitution, challenging …
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Introduction The GST registration process has been updated to enhance security and streamline authentication for applicants. As per Rule 8 of the CGST Rules, 2017, applicants must follow specific steps based on whether they opt for Aadhaar authentication or not. This blog provides a detailed overview of the updated GST registration process to help taxpayers …
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We wish to inform you of recent developments regarding the GST registration process that may impact your application. The following points outline key updates pertaining to biometric-based Aadhaar authentication and document verification for GST registration applicants in Tamil Nadu and Himachal Pradesh: Key Updates: We advise all applicants to adhere to these updated procedures to …
As a trusted advisor in tax and compliance, we aim to keep you updated on critical developments that impact your business. The Goods and Services Tax Network (GSTN) has introduced significant enhancements to the GST registration process, now applicable in Chhattisgarh, Goa, and Mizoram. These changes, effective December 15th, 2024, focus on strengthening the authentication …
The Goods and Services Tax (GST) registration is a crucial step for businesses operating in India, as it establishes their legal recognition and enables them to comply with the tax regime. However, obtaining GST registration in the current scenario poses numerous challenges due to evolving regulatory frameworks, technical glitches, and bureaucratic hurdles. This article discusses …
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If the primary authorized signatory is no longer available due to death or untraceability, a reset of the email address and mobile phone number associated with the GSTIN is necessary. Follow these steps for a smooth process: By following these steps, you can successfully reset the email address and mobile phone number associated with the …
In the world of Goods and Services Tax (GST), canceling your registration is a bit complicated. It’s important for businesses to understand what happens during and after this process to follow tax rules correctly. In this simple guide, we’ll break down what occurs after canceling your registration, including the temporary pause, ongoing responsibilities, how your …
Introduction The Goods and Services Tax (GST) is a comprehensive indirect tax that replaced multiple cascading taxes levied by the central and state governments in India. This transformative tax system has brought about significant changes in the country’s economic landscape, particularly for the service and manufacturing industries. GST registration has emerged as a pivotal step …
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Introduction In recent years, the rise of freelancing has transformed the global job market. Freelancers, or independent professionals, provide a wide array of services across various industries, from writing and design to programming and consulting. As this trend continues to gain momentum, it’s essential for freelancers to understand the regulatory landscape they operate in. One …
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