Wallet Install
Home
Explore
Wallet
Video
Profile
Trends
English
Gst consultant Aman - Author on ShareChat
Gst consultant Aman
3K views • 4 months ago
#Gst Update #Forsage income #online income #FillTax Services #gst
SECTION 22 CGST ACT  Persons Liable for GST Registration BASIC RULE (Sec 22(1)) Aggregate Turnover Exceeds Limit GST Registration Required THRESHOLD LIMITS Special Category States Normal States र२२० Lakhs  1O Lakhs (Services) (Manipur, Mizoram; Nagaland, Tripura) र४०० Lakhs  ই20 Lakhs (Some States after Notification)  (Goods) AGGREGATE TURNOVER INALUDES Taxable Supply Exempt Supply Exports of Goods / Services  Inter-State Supply | #Excludes GST & Inward Supplies OHER PROVISIONS Old Law Registration  Amalgamation . Transfer of Business Demerger GST Compulsory New Entity Register  Tranjere' Must Register ' KEY POINT At Least One Taxable Supply Required for Registration Lability SECTION 22 CGST ACT  Persons Liable for GST Registration BASIC RULE (Sec 22(1)) Aggregate Turnover Exceeds Limit GST Registration Required THRESHOLD LIMITS Special Category States Normal States र२२० Lakhs  1O Lakhs (Services) (Manipur, Mizoram; Nagaland, Tripura) र४०० Lakhs  ই20 Lakhs (Some States after Notification)  (Goods) AGGREGATE TURNOVER INALUDES Taxable Supply Exempt Supply Exports of Goods / Services  Inter-State Supply | #Excludes GST & Inward Supplies OHER PROVISIONS Old Law Registration  Amalgamation . Transfer of Business Demerger GST Compulsory New Entity Register  Tranjere' Must Register ' KEY POINT At Least One Taxable Supply Required for Registration Lability
35 shares

More like this

  • Krishnaradha - Author on ShareChat
    Krishnaradha
    #नरेन्द्र मोदी #Gst Update
    नरेन्द्र मोदी, Gst Update
    13
    13
  • Gst consultant Aman - Author on ShareChat
    Gst consultant Aman
    #gst #Forsage income #FillTax Services #online income #Gst Update
    gst, Forsage income
    11
    11
  • Gst consultant Aman - Author on ShareChat
    Gst consultant Aman
    #Gst Update #Forsage income #online income #FillTax Services #gst
    SECTION 32 0F THE CGST ACT Prohibition of Unauthorized Collection of Tax' Key Provisions NO EXCESS TAX COLLECTION NO TAX COLLECTION BY UNREGISTERED PERSONS Registered persons Unregistered persons] cannot collect more tax' cannot collect GST than due Why Section ३२ is Important? Prevents [ax fraud Protects Consumers Ensules Fair Comnetition Sateguards Govermment Revenue SCAM Consequences of Violation Dalalties gs Deposit wth Govemimennt For Illegal Collection Excess Amount Collected Examples Wrong GST Display Unregistered Person Excess Tax Collection Shows GST Without Authority Charges 18% Instead of 12% GST Illegally Charges  GST 18% 12% 6$1? GST SST Only Registered Persons Can Collect GST No Excess Tax Should Be Collected SECTION 32 0F THE CGST ACT Prohibition of Unauthorized Collection of Tax' Key Provisions NO EXCESS TAX COLLECTION NO TAX COLLECTION BY UNREGISTERED PERSONS Registered persons Unregistered persons] cannot collect more tax' cannot collect GST than due Why Section ३२ is Important? Prevents [ax fraud Protects Consumers Ensules Fair Comnetition Sateguards Govermment Revenue SCAM Consequences of Violation Dalalties gs Deposit wth Govemimennt For Illegal Collection Excess Amount Collected Examples Wrong GST Display Unregistered Person Excess Tax Collection Shows GST Without Authority Charges 18% Instead of 12% GST Illegally Charges  GST 18% 12% 6$1? GST SST Only Registered Persons Can Collect GST No Excess Tax Should Be Collected
    9
    8
  • Gst consultant Aman - Author on ShareChat
    Gst consultant Aman
    #gst #Forsage income #FillTax Services #online income #Gst Update
    SECTION 23 CGSTACT 2017 GST Persons Not Liable for Registration Meaning 3. Government Power [Sec 23(2)] Persons Exempted from GST Can Notify Other Persons Exempted Registration On Recommendation of GST Council Covered Persons Example: (A) Exempt Suppliers (B) Agriculturists Only Reverse Charge Suppliers  Only Exempt Supplies | Own Produce Key Points From Cultivation No Taxable Supply GST Not for Trade Examples: Education Important: Only Overrides Voluntary Starts  Applies  Healthcare Own Produce Taxable Registration Exempt Section Mixed Agricultural Produce Supply Supply Allowed Registration (Sec 25) -griculturists  uST Examples Registratan Register Required . Situation Required Purpose Only Tuition Services No Reduce Compliance Burden Farmer Selling Wheat Help Exempt Businesses  No Avoid Unnecessary Registration] Taxable Goods Yes Exempt Promote Ease of Business Section 23 Provides Relief from GST Registration Conclusion:| Suppliers & Agriculturists for Exempt SECTION 23 CGSTACT 2017 GST Persons Not Liable for Registration Meaning 3. Government Power [Sec 23(2)] Persons Exempted from GST Can Notify Other Persons Exempted Registration On Recommendation of GST Council Covered Persons Example: (A) Exempt Suppliers (B) Agriculturists Only Reverse Charge Suppliers  Only Exempt Supplies | Own Produce Key Points From Cultivation No Taxable Supply GST Not for Trade Examples: Education Important: Only Overrides Voluntary Starts  Applies  Healthcare Own Produce Taxable Registration Exempt Section Mixed Agricultural Produce Supply Supply Allowed Registration (Sec 25) -griculturists  uST Examples Registratan Register Required . Situation Required Purpose Only Tuition Services No Reduce Compliance Burden Farmer Selling Wheat Help Exempt Businesses  No Avoid Unnecessary Registration] Taxable Goods Yes Exempt Promote Ease of Business Section 23 Provides Relief from GST Registration Conclusion:| Suppliers & Agriculturists for Exempt
    5
    19
  • Gst consultant Aman - Author on ShareChat
    Gst consultant Aman
    #Forsage income #FillTax Services #online income #gst #Gst Update
    SECTION 25 PROCEDURE FOR REGISTRATION (GSTACT, 2017) Volutary Registration Application for Registration | Apply Register Even  GST within 30 Days REG-01 if Not Liable Separate Business Registrations PAN-Based Registration Multiple Units 7/30 One PAN Multiple GSTINs Days Unique Identity Number (UIN) Aadhaar Authentication For UN Embassies etc Registration Certificate Casual & Non-Kesident [axable Person GST REG-06 Valid for 90 Days UN Issued Amendment] Cancellation Modify or Cancel Registration  Modify or Cancel Registration KEY POINTS PAN Based Registration Deemed Approval Rule UIN for Special Entities Aadhaar Authentication SECTION 25 PROCEDURE FOR REGISTRATION (GSTACT, 2017) Volutary Registration Application for Registration | Apply Register Even  GST within 30 Days REG-01 if Not Liable Separate Business Registrations PAN-Based Registration Multiple Units 7/30 One PAN Multiple GSTINs Days Unique Identity Number (UIN) Aadhaar Authentication For UN Embassies etc Registration Certificate Casual & Non-Kesident [axable Person GST REG-06 Valid for 90 Days UN Issued Amendment] Cancellation Modify or Cancel Registration  Modify or Cancel Registration KEY POINTS PAN Based Registration Deemed Approval Rule UIN for Special Entities Aadhaar Authentication
    12
    12
  • Gst consultant Aman - Author on ShareChat
    Gst consultant Aman
    #FillTax Services #online income #Gst Update #gst #Forsage income
    QRMP Scheme Quarterly Return Filing & Monthly Payment of Taxes Elgble Taxpayers  ஆ ೦ಆ Quarterly GSIRI& GSIR 3B FIIng  Monthly Tax Payment Hlle GSIRe1 Pay 1axES Va Every Quarter Forl CST PHT-06 ' Flle GSIRaD Every Qwarter Methuds  Fuxed Method  Vpload IFF Monthly 0utlunal] Details  ೦nI = emt-Asressmeni ethod Returm Reconciliation Quarterly SI 3B Hg FiIL GSTR 3D Liability Quarterly Reconciliation Quarter Ever ' QRMP Scheme Quarterly Return Filing & Monthly Payment of Taxes Elgble Taxpayers  ஆ ೦ಆ Quarterly GSIRI& GSIR 3B FIIng  Monthly Tax Payment Hlle GSIRe1 Pay 1axES Va Every Quarter Forl CST PHT-06 ' Flle GSIRaD Every Qwarter Methuds  Fuxed Method  Vpload IFF Monthly 0utlunal] Details  ೦nI = emt-Asressmeni ethod Returm Reconciliation Quarterly SI 3B Hg FiIL GSTR 3D Liability Quarterly Reconciliation Quarter Ever '
    7
    14
  • Gst consultant Aman - Author on ShareChat
    Gst consultant Aman
    #Forsage income #Gst Update #FillTax Services #online income #gst Accounting1301.blogspot.com
    Whati IC & How to ClaimIIC? Wat is [1C2 Reduces Tax Liability GS Input Tax Credit (ITC) Cascading  is the credit for the| Avoids Tax GST on purchases   paid  which cari b٤ used to Improves Cash Flow reduce GST payable 0n Sales, Steps to Claim ITc CST Cmpliant lnvite Fling GST Returns  5 CanliC _ Paymentof F Match & Verity INVOICE GSTR-38  ITC in your valid Reconcile Input Obtain ' Pay the GST File Monthly Claim Supplier GSTR-३B GSTR-ZA Tax Details; Return U1 Imvoice t০ tne  Whati IC & How to ClaimIIC? Wat is [1C2 Reduces Tax Liability GS Input Tax Credit (ITC) Cascading  is the credit for the| Avoids Tax GST on purchases   paid  which cari b٤ used to Improves Cash Flow reduce GST payable 0n Sales, Steps to Claim ITc CST Cmpliant lnvite Fling GST Returns  5 CanliC _ Paymentof F Match & Verity INVOICE GSTR-38  ITC in your valid Reconcile Input Obtain ' Pay the GST File Monthly Claim Supplier GSTR-३B GSTR-ZA Tax Details; Return U1 Imvoice t০ tne
    5
    12
  • Gst consultant Aman - Author on ShareChat
    Gst consultant Aman
    #Forsage income #gst #FillTax Services #Gst Update #online income
    What is TCS? When is it Applicable?  Sale of Goods  Packages Ouerseas Tour Remittance & Other Foreign Remittance Key Sections of TCS Section 206((1) Section 206c(16) Section 206c(1H) Section 206c(16) (a) Sale of Goods Sale of Goods Overseas Tour Foreign Remittance  Packages  Above Threshold Applicable on Sale TCS on Remittance of Goods by TCS on Purchase 0f On Sale of Goods under Liberalized Specified Sellers  Remittance Scheme (LRS) Foreign Tour Packages  Over २५० Lakhs in  Year Tax Collected at Source (TCS) is collected by the seller at the specified transactions time of sale or What is TCS? When is it Applicable?  Sale of Goods  Packages Ouerseas Tour Remittance & Other Foreign Remittance Key Sections of TCS Section 206((1) Section 206c(16) Section 206c(1H) Section 206c(16) (a) Sale of Goods Sale of Goods Overseas Tour Foreign Remittance  Packages  Above Threshold Applicable on Sale TCS on Remittance of Goods by TCS on Purchase 0f On Sale of Goods under Liberalized Specified Sellers  Remittance Scheme (LRS) Foreign Tour Packages  Over २५० Lakhs in  Year Tax Collected at Source (TCS) is collected by the seller at the specified transactions time of sale or
    15
    9
  • Gst consultant Aman - Author on ShareChat
    Gst consultant Aman
    #gst #Gst Update #FillTax Services #Forsage income
    Whatiis E-Invoicing? E-INVOICE An electronic system where B2B invoices are automatically registered on the GST portal online GS SEND What istheLimitof E Invoicing Applicability? 5crore &above #50crore &above 7100crore #500crore & abovel & above January 2021 April 2021 August २०२३ 1 October 2020 Currently, e-Invoicing is mandatory for businesses with annual aggregate turnover exceeding 75 crore Whatiis E-Invoicing? E-INVOICE An electronic system where B2B invoices are automatically registered on the GST portal online GS SEND What istheLimitof E Invoicing Applicability? 5crore &above #50crore &above 7100crore #500crore & abovel & above January 2021 April 2021 August २०२३ 1 October 2020 Currently, e-Invoicing is mandatory for businesses with annual aggregate turnover exceeding 75 crore
    11
    16
Home
Explore
Wallet
Video