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GST Registration Fees for Sole Proprietorship The process of registering under GST is known as GST registration. The application is made through form GST REG-01 on the common portal. The government does not charge any GST Registration Fees for Sole Proprietorship, Partnership, or any other entity. Penalties are involved in case of failure to take…
How to check GST Registration status on GST portal? In this article, we have discussed how to check GST registration status using ARN and SRN numbers on the GST portal and understanding the statuses reflected after tracking the number. What is ARN? ARN Full form in GST After filling Part A & Part B of…
What is the Casual Taxable Person registration procedure in GST? A casual taxable person registration procedure involves filling out FORM GST REG-01 explained below. Before we move on to the procedure lets, first understand some basic terms. Who is a Casual Taxable Person or a casual dealer/trader? A casual taxable person is a person who…
Apportionment of GST credit and Blocked Credits under Section 17(5) Section 17(1) to Section 17(4) deals with when Input tax credit can be claimed, while ineligible or blocked credits under GST are dealt with under Section 17(5) of the CGST act. Apportionment of credit – Section 17 Goods and Service tax Input credit is available…
Conditions for eligibility of GST Tax credit under Section 16 GST Input tax credit has been further classified into Eligible and Blocked Credits. Blocked Credits are dealt with under Section 17(5) while Section 16 deals with GST Input tax credit eligibility and conditions. Before we proceed onto Blocked and Eligible credit, let us first understand…
Interest on delayed GST Payment The legal position Recently, the GST Council has held its 39th meeting in which it has approved that the interest on GST late payment shall be payable on liability paid belatedly in cash component only, and this shall be made applicable w.e.f. Jul’2017 i.e. retrospective effect. However, it shall be…
CA Articleship in a medium-sized CA firm The blog is all about what I learned in CA Articleship in a medium-sized firm. When I embarked on my journey of Articleship in a medium-sized firm. I used to ponder often what I am learning is up to the industry practices as there was no standard to…
