What is the GST registration process? GST Registration Process in India GST registration is mandatory for businesses meeting certain turnover thresholds or those engaged in specific activities under the Goods and Services Tax (GST) regime. Below is the step-by-step process for GST registration in India: Step 1: Check Eligibility Businesses need to register under GST […]
Can a business operate without GST registration? Can a Business Operate Without GST Registration? Yes, a business can operate without GST registration only if it meets the prescribed exemptions under the Goods and Services Tax (GST) law. These exemptions are based on the type of goods or services supplied, the turnover of the business, and
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Is GST registration required for e-commerce operators? Conditions for Availing the Composition Scheme under GST The Composition Scheme under India’s Goods and Services Tax (GST) regime is designed to make tax compliance simpler and more affordable for small businesses with a lower turnover. GST registration offers a flat tax rate and simplifies paperwork, but businesses
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How are GST refund processed? The Goods and Services Tax (GST) system allows taxpayers to claim a refund for various reasons, such as excess tax paid, input tax credit (ITC) accumulation, export of goods and services, or when a taxpayer is not liable to pay GST in certain circumstances. The GST refund process is designed
Who is required to register under GST? The scope of GST audits is to ensure that taxpayers comply with the provisions of the Goods and Services Tax (GST) law, identify discrepancies, and detect tax evasion. Audits are conducted by either the taxpayer themselves, a professional auditor, or tax authorities, depending on the type of audit.
