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 …
In the dynamic realm of Goods and Services Tax (GST), a nuanced comprehension of the complexities surrounding registration cancellation is vital for businesses. Section 29(1) read with Rule 20 of the GST Act presents a dual avenue for cancellation – one initiated by the proper officer and the other instigated by the application of the …
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Introduction: Understanding how to cancel Goods and Services Tax (GST) registration is important, especially when unexpected things happen, like the owner of a business passing away. Circular No. 96/15/2019-GST, dated 28-3-2019, gives clear guidelines to make this cancellation process smoother. It helps both the current and new owners of the business transition without any hiccups. …
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Introduction: In the ever-evolving landscape of Goods and Services Tax (GST) regulations, Circular No. 204/16/2023-GST, dated 27th October 2023, issued by the Government of India through the Ministry of Finance’s Department of Revenue, sheds light on critical aspects concerning the taxability of personal guarantees and corporate guarantees under GST. This blog post aims to decode …
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Introduction: In a bid to bolster transparency and regulatory control in the manufacturing sector, the Central Government, leveraging the authority vested in it by section 148 of the Central Goods and Services Tax Act, 2017, has introduced a pivotal notification. Set to be enforced from April 1, 2024, this directive delineates a specialized procedure for …
Continue reading “Pan-masala, Smoking, Hookah Company to report Details of Packing Machines”
Introduction The implementation of Goods and Services Tax (GST) has brought about significant changes in taxation across various sectors, particularly impacting the hospitality industry. As businesses in this sector grapple with the intricacies of GST, seeking clarifications becomes paramount. This comprehensive guide aims to address key questions and provide insights to help navigate the nuances …
In our ongoing efforts to simplify and enhance your experience with the GST portal, we bring to your attention a crucial advisory regarding the reporting of opening balances for ITC reversal. 1. Introduction of Electronic Credit and Re-claimed Statement: To assist taxpayers in ensuring accurate reporting of ITC reversal and reclaim, we introduced the Electronic …
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We are excited to bring you important updates on the latest functionalities available on the portal for GTA (Goods Transport Agency) taxpayers. These changes, effective from January 1, 2024, are designed to streamline the filing process and enhance your experience. Let’s dive into the key features: 1. Filing Online Declaration in Annexure V and Annexure …
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In a groundbreaking development, Chief Minister Sh. Manohar Lal has responded to the persistent appeals from Haryana’s vibrant traders and business community by launching the highly anticipated One Time Settlement-2023 (OTS) Scheme through the Excise and Taxation Department. The inauguration took place on December 31, 2023, marking a significant milestone in addressing long-standing tax issues …
