Returning a good once sold is very common – even for business during the course of trading. Under the erstwhile indirect tax regime, once a good is returned it has a reducing effect on the total sales turnover of the business. Goods must be returned within a prescribed time, and in a time-bound manner (mostly…
Transitioning under the GST Regime – From a Regular Dealer to the Composition Scheme The GST regime calls for registration – that is the first step in transitioning towards a single unified tax system in India. But first we must understand the threshold limits for liability under the GST regime – are you aware that…
Transitioning with the GST is a great move for any dealer, however, are you aware of how to register under the GST regime? We have provided a snapshot of all the essential information required for GST registration both for an existing dealer as well as for new businesses, as well as the form filings that…
This article shall provide you with an insight into amending GST registration, applying for cancellation of registration and revoking the registration in case of its cancellation. GST Registration Basics – All You Need To Know 1. Amending the GST Registration – Supposing there is a change in the details that you have put in your…