Key Takeaways The GST authorities often raise queries before approving a GST registration application, if they detect discrepancies in information and documents presented. They might issue notices to seek clarification or additional documents from the applicant. As an applicant, you need to respond to those queries within the due date to avoid the cancellation of […]
Key Takeaways The Goods and Services Tax (GST) introduced a uniform indirect tax infrastructure in India. It brings the vision of ‘One Nation, One Tax’ to reality. Under the GST framework, anyone supplying products or services must apply to get a 15-digit unique identification number GSTIN if their aggregate turnover exceeds the prescribed limit or […]
Key Takeaways Whether by road, rail water or air, transportation plays a crucial role in India’s economy. It connects marketplaces and drives economic growth. The GST rate on transportation services has redefined the tax structure. It not only influences costs but also business operations. However, GST rates vary remarkably based on the types of goods […]
Key Takeaways The Goods Transport Agency under GST is liable for transporting goods from one location to another to help the sender and receiver of goods. The place of supply determines the GST rate applicability for transporting such goods. Further, the GST liability varies based on the aggregate annual turnover of GTA, registered or unregistered […]
by Key Takeaways Global companies operate around the world and include multiple decision-makers. In this scenario, it is crucial to designate an authority. Letter of Authorization for GST registration is a formal document that designates the power to perform GST-oriented business operations to an entity or person. It allows businesses to delegate responsibilities like responding to […]
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