This year is turning out to be full of surprises and we just can’t expect what else is there in store for us. In another move to ramp up tax avenues and revenues, the Government has sought to levy service tax on online services provided by foreign ecommerce companies to persons other than business entities. […]
1. Who is an existing taxpayer? An existing taxpayer is a person who is registered under any of the Central or State laws, like the Service tax law, VAT laws and Central Excise law. Existing taxpayers includes persons currently registered under :- Central Excise Service Tax State VAT (except exclusive liquor dealers) Entry Tax Luxury […]
GST Enrolments had started on November 8, 2016 for dealers registered under VAT in Puducherry and Sikkim. By January 1, 2017, the registrations had opened for dealers registered under all VAT laws. The current official schedule during which GST enrolments can be done on GST.gov.in is as follows: State Start Date End Date Puducherry 08-11-2016 […]
The makers of the Indian Constitution gave India a federal economy where both Central and the State Government had separate rights and obligations towards the citizens of India. To fulfil such obligations, they were empowered by the Constitution to raise funds by levy of taxes on various types of transactions. Whereas the power to levy […]
There could be scenarios when your provisional ID is not working. The most common reason would generally be that there has been change in constitution of business but the same was not updated with the VAT or service tax authorities. The following chart explains the process you will have to follow take care of such […]
To enroll yourself in GST, all existing taxpayers are being issued provisional ID and password. Provisional ID is a PAN based 15 digit ID and one ID is being issued for each state of operations. But incase you have not received provisional ID, follow the below steps: It may also be pertinent to note that […]
With the introduction of GST Bills in Parliament on 27th March, 2017, it seems that India is not far away from its GST roll out from 01st July, 2017. The GST Bills that have been put up in Parliament have some changes as compared to draft GST laws released in November 2016. The key changes […]
The government is ready to roll out GST by the deadline announced, i.e. 1st of July, 2017. On 27th March, 2017, the vetted CGST Act, IGST Act, UTGST Act and Compensation Act were presented before the Lok Sabha. On 29th March, 2017; the laws presented before Lok Sabha were passed. Now, these laws are to […]
The financial decision of denomitisation made on 8 November 2016 had raised numerous questions regarding the effects it may have on GDP rate of India. Now the Government is fully engaged in implementing nationwide GST w.e.f. 1 July 2017. The activeness shown by the Government in the last month has left everyone amazed and also […]
Mr. A is a resident of Delhi and is engaged in sale of garments and holds a GST registration in Delhi. He comes to know that an exhibition is being organized by his friends in Chandigarh. He decides to hire a stall to sell his garments in Chandigarh. How will he comply with GST in […]