LegalRaasta GST knowledge portal2018-10-23T09:27:49-05:30

GST Penalty, Offences, and Appeals The implementation of the Goods and Services Tax comes with rules and regulations. Non-compliance with the same could lead to the imposition of

Overview The implementation of the  GST tax regime has been a welcome change to the way taxes are levied on value addition for delivery of goods and services. In order to comply with the new taxation structure, a business has to register GST number also called GSTIN, file GST returns,  and maintain a high GST compliance rating. Non-Compliance with any of the [...]

GST Online verification

While GST Registration, you might face some problem at the time of GST Number (GSTIN) verification before entering it in your GST Return. So, here in this article, we will make it easier for you to verify your GSTIN by providing detailed information about GST verification procedure. The GST portal enables the businessmen to verify their vendor GSTIN. It is [...]

By |January 22nd, 2019|Categories: GST, GST Registration|Tags: , , |0 Comments

What is Goods and services tax in India

What is Goods and services tax?  Goods and services tax (GST) is a consumption-based tax ultimately borne by the end consumer of goods or service. Businesses and consumers pay GST on their purchases throughout the value chain. It was passed in Parliament on 29th March 2017 but the Act came into effect on 1st July 2017 in India. Moreover, if the purchase [...]

GST Impact on Indian Economy | How GST affects India GST has changed the taxation regime in India. Let's look at GST , Impact, Examples and industr-wise breakdown of how this tax regime will work.

GST: Brief Introduction GST, or the Goods and Services Tax is a unified tax which is levied on the value added for the delivery of goods and services. The implementation of the new taxation system was put in place on the 1st of July, 2017. However, it might be interesting to note that the proposal for putting up a new [...]

How to check the status of GST Payment

Introduction In the current regime of GST, people who are engaged in the business whose annual turnover exceeds Rs. 40 lakhs is required to register as a normal taxable person according to the 32nd GST Council Meeting. This entire process of registration is called as GST registration. So, if you are seeking a reliable company who can help you to [...]

GST Rules in India . Rules for GST released by CBEC A business neds to abide by the GST rules in order to maintain compliance with the new regimen/ taxation structure obn value addition in India.

GST: Introduction The Introduction of GST [Read for origins of GST] in India has brought comprehensive changes to the taxation system and how taxes are levied on value addition in the country. In order to pay taxes via GST, the taxpayer has to register GST, and file corresponding GST returns. Compliance with the new rules and regulations can prove to be [...]