GST Facts

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GST implementation mandated registration for certain persons. There are some abbreviations one has to be aware of at the time of registration. The following is a curated list that one can refer to anytime. Not only for the registrants, but also anyone who is interested in knowing the details of GST. Related: What is GST - Details of GST explained in Simple Terms Following are the 17 Important terms and abbreviations necessary for us to be aware of ARN - Application Reference Number CBEC - Central Board of Excise and Customs FLLP - Foreign Limited Liability Partnership GST - Goods and Services Tax LLP - Limited Liability Partnership OTP - One Time Password VAT - Value Added Tax CGST - Central Goods and Services Tax IGST - Integrated Goods and Services Tax SGST - State Goods and Services Tax UIN - Unique Identity Number UTGST - Union Territory Goods and Services Tax Act SEZ - Special Economic Zones ISD - Input Service Distributor CTP - Casual Taxable

GST Registration is mandated for certain persons.  There is a list of documents that are mandatorily required at the time of registration. Following are the 10 things needed for GST registration: Valid PAN (Permanent Account Number). Valid Indian mobile phone number. Valid email address. Jurisdiction details Valid bank account number from India. IFSC Number of the same bank and branch. At least one Partner/Proprietor/Director/Trustee/Karta/Member with corresponding PAN An authorised signatory who is an Indian resident with valid details including PAN. Place of business Prescribed documents and information on all mandatory fields of the Registration Application. Click to Tweet this INFOGRAPHIC Note: this information is only a presentable data retrieved from the below mentioned sources. Please read the guidelines from the gst.gov.in website before proceeding. Source: https://tutorial.gst.gov.in/userguide/registration/#t=faq.htm https://tutorial.gst

GST Registration Mandates Here's a quick checklist of all kinds of bodies who are mandated for GST registration. This can be a checklist of sorts for you to validate and verify if you are a business owner or any type of person* as mentioned below. GST registration is mandatory for the following persons* given under Chapter VI. Any person with a turnover (within a financial year) that exceeds Rs. 20 Lakhs . This limit is Rs. 10 Lakhs for North Eastern and hill States). In case your business covers only GST exempted goods or services then this clause is exempted too. Any person already registered under previous tax regimes/laws such as Excise, Customs, VAT, Service Tax, etc. must register under GST too. Any person conducting inter-state taxable supply of goods and/or services. Any casual person who occasionally supplies goods and/or services in a region where GST is applicable but the person doesn't have a fixed place of business in the region. The region, if is w

You probably already know GST is effective since July 1st, 2017. But what if you are a seller or an informed buyer who is keen in knowing the GST rate for every kind of product out there? [Infographic] GST Rates Cheatsheet Thanks to this online GST rate checker. You can simply type a product type (not the brand name) or the services type and can immediately get the GST Rate displayed on the screen. Here's how you can get the GST rate for any goods or service Goto this site:  https://www.indiafilings.com/find-gst-rate Select the drop-down to choose 'Goods' or 'Services'. Begin typing to find goods or services. For example, I typed Stationary . You can see that the search bar displays suggestions automatically as we type. Hit the ' Search ' button. How to find the HSN Code along with GST Rate for a Goods or Service You could also browse by HSN code ( Harmonized System of Nomenclature ) categories given at the bottom of t