GST Facts

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...

With the GST talks going around the country, colleges and universities are also coming up with various courses. One such is the Lucknow University which is coming up with a 6-month certification course on GST. As per this source, application forms will be available from August 2017 first week. Since the tax regime has changed in the country, the officials from the university had decided that students too should equip themselves with the latest and the greatest. The decision by the concerned officials to introduce GST as a subject in Commerce and management studies were taken on July 6th. Source: http://indianexpress.com/article/education/lucknow-university-gst-course-six-month-certificate-course-on-goods-service-tax-introduced-in-uttar-pradesh-4742024/

The government has warned manufacturers that non-compliance of printing the revised price on unsold and new products will attract a maximum fine of Rs. 1,00,000 penalty and jail term for 1 year. This move mandates manufacturers to act soon to get the new rates enforced at all levels, as soon as possible. Source :  http://www.business-standard.com/article/economy-policy/gst-impact-cos-face-jail-term-for-not-reprinting-revised-mrp-on-inventory-117070700552_1.html