What is the GST Reg-14?
Under the Central Goods and Services Tax Rules, 2017, Rule 19 consists of provisions regarding filing an amendment application in the GST Registration. To make any changes in the GST Registration Amendment application need to be filed in Form GST REG-14 via electronic mode.22-Feb-2022
GST Registration Types
What is Form GST Reg 15?
In nut-shell, Form GST REG-15 is an order issued by the officer amending the GST registration. The current article highlights the issuance of an order in Form GST REG-15 by the proper officer. Non-Core field amendment.27-Oct-2020
Step 1: Go to GST home page by clicking www.gst.gov.in. Step 2: Login with the provided credentials to GST portal. Step 3: Click on 'Services' tab from the main menu, hover the mouse on 'Registration' tab under services. Step 4: Click on 'Amendment Of Registration Core Fields' to open the link.22-Apr-2022
What is the penalty for not paying GST?
An offender not paying tax or making short payments must pay a penalty of 10% of the tax amount due subject to a minimum of Rs. 10,000. Consider — in case tax has not been paid or a short payment is made, a minimum penalty of Rs 10,000 has to be paid. The maximum penalty is 10% of the tax unpaid.28-Jun-2022
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. 7% goods and services fall under this category.
What are the 4 types of GST?
There are four different types of GST as listed below:
“aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed
What is ITC in GST?
Input Tax Credit Mechanism. in GST. Uninterrupted and seamless chain of input tax credit (hereinafter referred to as, “ITC”) is one of the key features of Goods and Services Tax. ITC is a mechanism to avoid cascading of taxes. Cascading of taxes, in simple language, is 'tax on tax'.
Form GST REG-16 is used when the taxpayer himself wants to apply for the cancellation of his/her GST registration. We have explained by the actual screenshot of every step. Read more . The same can be filed in any of the following circumstances: The business has been closed or discounted.23-Nov-2021
How do I file a GST Form 24?
Coverage of Form GST REG-24
GST CMP- 06 is a reply to the notice received in CMP-05. It is submitted by the dealer who receives the Show Cause Notice (CMP- 05) to the GST officer on the GST Portal. The proof that all the conditions of the Composition Scheme have been followed should be mentioned in the form.29-Jun-2021
Can I change legal name in GST?
In case of any changes to the legal name of a business, the GST registration certificate need not be cancelled. The existing GST registration can be amended to reflect the new business name. Changes to business name can be updated on the GST portal by filing FORM GST REG-14 within 15 days of change of business name.
The GST (Goods & Services Tax) Authority on Thursday made it clear that transfer or change in the ownership of business will include transfer or change in the ownership of business due to death of the sole proprietor.28-Mar-2019
Can I change my GST registration date?
You can apply to backdate your GST registration. For tax periods commencing on or after 1 July 2012, backdating a GST registration is limited to four years. This means, unless there is fraud or evasion: we can't backdate your GST registration by more than four years.05-Aug-2021
1. What happens if I don't file GST returns? If you don't file the GST returns that are required to be filed under the law, then late fees will apply for every day of default that occurs. Further, if there is any tax due, then interest will apply at the rate of 18% per annum on the tax liability.28-Mar-2022
How can I avoid paying GST?
There are sneaky but clever ways to avoid the “Welcome Back! Pay Your GST Now!” trap once you come back from your overseas holiday.
If your customer requests a tax invoice and you're not registered for GST, provide a regular invoice showing there is no GST included in the price. You can do this by including the statement 'No GST has been charged' or by showing the GST amount as zero. Read more about when you need to provide a tax invoice.24-Jun-2022
Is GST increasing 2022?
“Prices will go up on daily essentials for end-consumer who cannot avail input tax credit benefits. These include pre-packaged or labeled buttermilk, curd, and paneer, earlier exempted, and will now attract 5 per cent GST starting from 18th July 2022," said Archit Gupta, Founder and CEO of Clear.16-Jul-2022
The GST rates of 5%, 12%, 18% and 28% on goods, were affecting consumers with several pros and cons on services. However, services such as healthcare and educational services were excluded from GST. The passed GST rates slabs from the GST council consists of NIL, 5%, 12%, 18%, 28% rates on different services.22-Jul-2022
What is the GST rate in 2022?
The Central Board of Indirect Taxes and Customs (CBIC) has notified that 18% Goods and Services Tax (GST) rate will be applicable 1 J 1 January 2022 onwards and f the 12% GST rate for government contracts will be withdrawn.
What is the GST Reg-14?