Harshit Shah

This author has written 84 articles

Know About Company Registration In Mumbai

The process of Company Registration in Mumbai can be completed with ease in 25 working days.

IMPORTANT DOCUMENTS

Every Director of the company must mandatorily have PAN Card issued by the Income Tax department as an Identity proof & an address proof in his name, scanned copies of proofs & 2 passport size photographs of each Director are must.

NAME AVAILABILITY

The process of name search of the company is important to ensure that there is no existing similar company already registered in India or for which an application for registration has been submitted.

FEE PAYMENT

Know Everything About GST E-Way Bill

GST E-Way bill is an electronic bill that is required for the movement of goods where the value of the goods is above Rs. 50,000. The bill can be generated from the GSTN portal and every registered taxpayer must have this e-way bill along with the goods transferred. There are…

Export Bond For GST Or Letter Of Undertaking (LUT)

Entities that are involved in the Export of goods having GST registration are permitted to export goods without the payment of IGST by furnishing an Export bond or Letter of Undertaking (LUT) in Form GST RFD-11. Small exporters must file GST RFD-11 prior to the export if they wish to avoid the blocking of working capital.
Casual Registration Under GST

Casual Registration Under GST

CASUAL TAXABLE PERSON As per the law, a ‘Casual Taxable Person’ is a person who occasionally undertakes transactions involving supply of goods or services, or both, in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where…

Interest On Late Payment Of Tax Under The GST Regime

Interest must be paid in case of delay in payment of tax under the GST regime. Certain provisions have been drafted for interests to be paid when there is a delay by the taxpayer or by the department. The two cases where a taxpayer is liable to pay interest are: Delayed…

Everything About Second-Hand Goods Under GST

Buying & selling of second-hand goods & used goods will not attract GST if it is sold at a price cheaper than the purchase price. Where a taxable supply is provided by an individual dealing in buying & selling of second hand goods or used products as such or once…

Exempt Supply Under GST Regime

MEANING: Exempt supply under GST includes Nil rated (taxable at 0%) & Non-taxable supplies. Persons dealing exclusively in Nil rated or 100% Exempt goods/services are not liable to register under GST irrespective of their Turnover limit. AGRICULTURE: Agro-Inputs like fertilizers, seeds, irrigation (electricity is req.), Machinery & all other agricultural…

Nil Rated Supply Under The GST Regime

Nil rate or 0% is the rate of tax on the output supplies. Sales of Nil rated goods to a Local or Inter-state Consumer does not attract GST. Exempt supplies include Nil rated supplies (taxable at 0%) & Non-taxable supplies.

Everything About Compensation Cess Under GST

The GST Compensation cess is levied under section 8 GST act, 2017. It would be imposed for a period of 5 years from GST implementation. It is levied on intra-state supply of goods or services & inter-state supply of goods or services to provide compensation to the States for loss of revenue due to implementation of GST in India.
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