Goods and Services Tax (GST) is a comprehensive indirect tax that replaced multiple indirect taxes levied by the Central and State Governments in India. GST is a destination-based tax, which is levied on every value addition that takes place during the supply chain. All businesses registered under GST are required to comply with various provisions…
Tag: revocation of gst registration
GST Revocation: Everything You Need to Know
The Goods and Services Tax( GST) is a comprehensive circular duty that has replaced several circular levies in India. The preface of GST has brought about significant changes in the way businesses operate. still, in some cases, taxpayers may want to drop their GST enrollment. In this composition, we will explore the reasons for GST…
GST Revocation: What it Means for Businesses and Consumers
The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services across India. The introduction of GST in 2017 was a significant step towards simplifying the Indian taxation system. However, businesses and individuals may face difficulties due to the complexities of GST regulations, which may require them…
The Insider’s Guide to Revoking GST De-registration
Revoking GST de-registration refers to the process of cancelling the cancellation of the Goods and Services Tax (GST) registration number of a business. In other words, if a business had applied for GST de-registration and later wishes to continue with GST registration, they can do so by revoking the de-registration. This can be useful for…
Rescuing Your GST Registration from Cancellation
Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. GST registration is mandatory for businesses whose annual turnover exceeds Rs. 40 lakhs. However, there may be instances where the GST registration of a business is cancelled by the authorities due to non-compliance with GST laws….
A Beginner’s Guide to Revoking GST Cancellation
Goods and Services Tax (GST) is a value-added tax that is levied on the sale of goods and services in India. GST is an indirect tax, which means that it is collected by the government from the end consumer of the product or service. In some cases, businesses may want to revoke the cancellation of…
Revocation of GST Registration Cancellation Procedure
Revocation of GST Registration Cancellation The GST Act could be very complete and covers numerous conditions a taxpayer might also additionally face with provisions and procedures. In this article, we examine the system for revocation of GST registration cancellation orders in conjunction with the relevant forms. The provision for revocation is contained beneath neath rule 23…
What is the Procedure for Revocation of Cancelled GST?
A value-added duty known as the Goods and Services Tax( GST) was enforced in India in 2017. It replaces a number of circular levies that the city and state governments preliminarily assessed on the force of goods and services at the public position. Depending on the good or service delivered, different rates of GST are…