Pankaj Tyagi

The campaign would remain active for 11 days from the date of launch. The E-campaign aims to target those taxpayers who have failed to provide valid detail on high-value transactions or failed to file Income Tax return for the year 2019-20. Objectives of e-campaign on voluntary compliance The campaign objectively helps the taxpayer to authenticate […]

A Limited Liability Partnership (LLP) works under the strict provision of Limited Liability Partnership Act, 2008. Unlike other business models, LLP discourages stringent compliances. It is the only reason why the LLP-based business model is gaining a lot of popularity in the business arena.   Advantages of LLP The personal liabilities are limited for each of […]

The corporate fraternity in India is yet to get accustomed to LLC’s working protocol and its taxation traits. There is a common misconception that LLC taxation traits are similar to private limited companies or a partnership firm. After the amendment of the Finance Act 2009, it has been clarified that LLC would be taxed like […]

The Goods and Service Tax (GST) is a value-added tax imposed on the supply of non-exempted goods and services. GST was implemented with a moto- one nation one tax, as it replaces several indirect taxes such as CST, service tax, VAT, and so on. As per Section 25 (1) of the CGST Act, GST registration […]

As per the GST provisions, the taxable entities must avail GSTIN if their yearly turnover surpasses the threshold limit, i.e., Rs. 40 lakh. required to complete the GST process. The GST portal is the medium where the registration formalities are performed and approved. A taxpayer needs to log in to this portal, complete the required […]

Implemented in the mid of 2017, the Goods and Services Tax has overcome several indirect taxes which were levied earlier. Registering to GST is the first and foremost requirement of this tax reform. GST Registration number (GST Identification No.- GSTIN), is a uniquely encoded 15 digit number which is allocated GST registration holders engaged in […]

GST Certificate is a must-have requirement for every taxpayer that comes under the provisions of the GST Act. As soon as the GST registration is availed, the taxpayer needs to display it on their office premises from where he/she is conducting its business activities. Downloading a GST certificate isn’t a tedious task at all. In […]

A taxable person under GST is a person involved in business activities in India and is registered under the GST Act. Any individual involved in the trading of taxable goods and services is treated as a taxable person. Here the term “person” refers to a company, AOP/BOI, HUF, individuals, or a government-based corporation. Entities required […]

The advent of the online portal has made the GST filing procedure easier and seamless. Those looking to migrate to this tax reform should mandatorily opt for GST registration in the first place. To serve this purpose, the taxpayer needs to fill up the online application on the GST portal. The submission of such an […]

Cancellation of GST registration isn’t a daunting task anymore for the applicant, as the online GST portal gets the job done in a few clicks via newly embedded features. GST bought vast improvements over the old tax regime. The implementation of GST discouraged tax leakage and sorted out the complexities of the previous tax reform. […]

In the absence of GST registration, the supply of goods and services lures substantial penalties. Being registered under GST, means that you are eligible for collecting taxes from the customers. Thus, if you wish to avoid penalties, you need to get registered under GST as soon as possible. This blog will provide all the necessary […]

GST or Good and Service Tax are a consumption-based tax levied on the supply of goods and services. Moreover, GST is also known as a multi-stage tax that is charged at every stage production chain, i.e., from raw material purchase to the sale of the product. GST is a destination-based tax levied at the stage […]

The more complexities have been squeezed out from the GST rules for registration in the 23rd GST Council Meeting. This blog will render detailed information concerning the turnover limit for service providers to obtain GST registration and the penalties. Turnover Limit concerning Service Providers Like other business categories, all the service providers must obtain GST […]

In this article, we will provide the step by step guide to change or update GST Registration details. Human-errors are apparent even with the less technical tasks, and GST registration is no different here. There are instances when a taxpayer makes a mistake while entering their info for GST Registration. Thanks to the updated GST […]