Key Takeaways The full form of DRC is Demand and Recovery Case, and it is a part of the Goods and Services Tax system or rule. This process enables tax authorities to recover the unpaid GST dues from a concerned taxpayer. The DRC process helps to make sure that businesses are in compliance with GST […]
Key Takeaways A Demand and Recovery Case enables tax authorities to retrieve unpaid GST dues from a taxpayer. Being directly involved in the recovery and demands proceedings of taxpayers, DRC forms enforce tax compliance under the GST regime. There are different types of DRC forms that a business might receive, depending on the situation. The forms […]
Key Takeaways Under the Goods and Services Tax (GST) framework, taxpayers are responsible for self-assessment and timely payment of dues. However, in cases of non-payment or short payment, whether deliberate or accidental, the tax officer after issuance empowers authorities to recover the dues. Section 79 of the GST Act outlines specific recovery procedures, including the […]
Key Takeaways To seamlessly transfer the ownership of a proprietorship firm under GST demands compliance and precision. However, there is no provision in particular, provided under the Goods and Services Tax (GST) Act, stating how a proprietorship shall be converted into a partnership. Yet still, there are notable mentions of the conversion of a proprietorship […]
by Key Takeaways Registering for GST becomes complicated when users encounter a validation error message, “PAN and Legal Name Not Matching with the CBDT Database”. The PAN-Legal Name common error occurs mainly due to inconsistent data between your PAN information and the CBDT central database system. Moreover, the registration process becomes slower and more difficult to […]
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