Here we are providing the details of the GST state code list of India. The GST state code is mentioned on the GSTIN. A GSTIN or Goods and Services Tax Identification Number is a PAN-based 15-digit alphanumeric unique identification number. GSTIN is provided to every taxpayer who is registered under GST. The first two digits …
In a significant move towards taxpayer facilitation, the Government has today onwards allowed to File GSTR 3B NIl Return By SMS in GSTR-3B FORM. This would significantly improve the ease of GST compliance for more than 22 lakh registered taxpayers who would otherwise have to log in to their common portal account and file their …
What is GSTIN Number? GSTIN stand for Goods and Service Tax Identification Number. A GSTIN is a PAN-based 15-digit unique identification number. It is allocated to every GST-registered person. This unique number is issued according to state wise. Format of gSTIN ? Format or structure of GSTIN defined under below as: The first two digit …
What is GSTIN and Format of GSTIN ? (15 Digit Number) Read More »
GST Invoice is a business instrument issued by a supplier or a seller to the recipient or the buyer of the goods and services. In other words, The GST invoice Format includes a list of goods or services provided, along with many others details included in invoice ie. product name, description of good and services, …
What is a Works Contract? A work contract is a combination of service and goods movement. Example of works contract are the construction of a new building, erection, installation of plant and machinery. Defination Of Works Contract Under GST Works contracts will be treated as services, with tax applied accordingly (rather than as goods or parts of …
You need to submit a Partnership Authorization letter declaring a Partner as an Authorized Signatory when registering a Partnership firm under GST. Partnership Authorization Letter Format To whomsoever it may concern Declaration for Authorised Signatory We, ________________ (Partner A) and ________________ (Partner B) of _________________ (XYZ Firm) hereby solemnly authorize Mr. __________________ (Partner A) to act …
The consent letter is documentary proof that the owner of the property has permitted his place to operate the business. You can get the format of the consent letter for GST. Under GST law, if a person conducts business in any other premises without paying any rent then at the time of registration under GST, …
Goods and Services Tax (GST) is an indirect tax applicable to the supply of goods and services in India. The Goods and Service Tax Act was passed in Parliament on 29th March 2017. The GST in India Act took effect on 1 July 2017, It is a comprehensive, multi-stage, destination-based tax. Comprehensive because it has …
Restriction on claim of ITC to 5% vide CGST (Fourteenth Amendment) Rules, 2020 The CBIC has introduced very important changes in GST as per new Notification No. 94/2020 dated 22nd December, 2020 which was applicable from 1st January, 2021. Out of all changes, one major change is related to Restriction on claim of ITC as …
ITC as per Rule 36(4) – Restriction on claim of ITC to 5% Read More »
The CBIC has introduced big changes in GST via CGST (14th Amendment) Rules , 2020 as per new Notification No. 94/2020 dated 22nd December, 2020 which is applicable from 1st of January, 2021. Changes are as follows: 1). Restriction on claim of ITC as per Rule 36(4) According to the changes made, the ITC claim …
Important Changes In GST From 1st January 2021 via CGST (14th Amendment) Rules, 2020 Read More »
