What is GST official website?
www.gst.gov.in
Rules and Regulations of GST Payment for Taxpayers
How can I get my GST login details?
First, go to the GST website at https://www.gst.gov.in/ and click the 'Login' button at the top right corner. You will get the option First time login: If you are logging in for the first time, click here to login. Next, enter your ARN/Provisional ID/ GSTIN/ UIN and password received by email to login.21-Aug-2022
Currently, the types of GST in India are CGST, SGST, and IGST. This simple division helps distinguish between inter-state and intra-state supplies and mitigates indirect taxes. To learn more, read about these three different types of GST.
What is GST return?
GST return is a document that will contain all the details of your sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). Once you file GST returns, you will need to pay the resulting tax liability (money that you owe the government).26-Apr-2022
A GST registration certificate is a valid document for proof of being registered under the GST law in India. Any business in India whose turnover exceeds the threshold limit for GST registration is required to get registered under GST.11-Mar-2022
Can GST penalty be waived off?
CGST ACT 2017 The Government may, by notification, waive in part or full, any penalty referred to in section 122 or section 123 or section 125 or any late fee referred to in section 47 for such class of taxpayers and under such mitigating circumstances as may be specified therein on the recommendations of the Council.
According to GST law, Rs 50 per day is charged as late fee for delay in filing GSTR-4. However, where the total amount of tax payable is nil, a maximum of Rs 500 can be imposed as late fee. For all other cases, the maximum fee that can be charged is Rs 2,000.27-May-2022
What is the punishment for not paying GST?
A person fails to furnish details of outward or inward supplies, monthly return or final return by the due date – The GST penalty for late filing is INR 100 for every day during which the failure continues, subject to a maximum of INR 5,000.30-Dec-2019
As a new taxpayer, to login first time to the GST Portal with GSTIN and password, you need to perform the following steps:
What is GST login ID and password?
Steps for First-Time GST Login (Registered Users) New taxpayers should use their GSTIN (GST Identification Number) and password, generated at the time of GST registration to log on to the GST portal.01-Aug-2022
A GSTN username is the one which you use to log into your GSTN portal account. You would have created this username when you logged in to GSTN for the first time. A GSTN username is different from your GSTIN.
What are the 4 slabs of GST?
The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18% and 28% under GST. This is aside the tax on gold that is kept at 3% and rough precious and semi-precious stones that are placed at a special rate of 0.25% under GST.
Finance Minister Nirmala Sitaraman
What are the 4 types of GST?
There are four different types of GST as listed below:
GSTR-7. GSTR-7 is a monthly return to be filed by persons required to deduct TDS (Tax deducted at source) under GST. This return will contain details of TDS deducted, the TDS liability payable and paid and TDS refund claimed if any. The due date to file GSTR-7 is the 10th of every month.22-Jul-2022
How many GST return in a year?
Every individual who is covered under the GST Act must produce their income to the Tax Department of India. This is known as return and it includes details of every sale and purchase. Under this system of taxation, concerned individuals must file their GST return 26 times in a year.
Any taxpayer can claim a refund of any tax, interest, penalty, fees or any other amount paid by him by filing an application electronically in FORM GST RFD-01 through the GST Common Portal or through a GST Facilitation Centre.
Is GST required for small business?
Yes, all small businesses register for GST, as it is mandatory for them to do so under the GST Act. You must definitely consider getting a GST for small business if you are a goods manufacturer with an annual turnover of over Rs. 40 Lakhs.
Currently, GSTR 3B and GSTR 1 are required to be filed. Regular taxpayers can avail of an input tax credit of GST paid on the purchase of goods or services or both.
Is GST compulsory?
GST registration is not mandatory perse, its applicability is dependent upon certain conditions. (ii) Mandatory registration irrespective of Turnover.28-May-2021
What is GST official website?