GST Registration Online: SuperCA

  GST returns  must be compulsorily filed by all persons having GST registration irrespective of turnover or profit. Even in the cases with no business activity or turnover in a month but if the person is registered with GST, he/she should file GST returns. Regular taxpayers shall file monthly GST returns and dealers registered under Composition Scheme shall file quarterly GST returns. On the other hand, any non-resident taxable persons shall file one return every month. In this blog, we’ll look  a t the various issue regarding not/late filing of two major return i.e GSTR 1 and GSTR 3B and their individual impacts. Let’s start this with a short introduction to GSTR 1 and 3B. GSTR 1 is furnished by taxpayers for providing the details of Outward supplies or sale transactions made and could be filed monthly/ quarterly(if opted under the QRMP scheme). Any amendments have to be recorded in the GSTR-1 like previous tax years and sales invoices. The usual due date for filing GST...

  ROC returns are financial statements or annual returns of a company that must be filed on time to the registrar of companies with the MCA each year. It is mandatory for companies to intimate about the management via prescribed ROC forms on an annual basis, just like an Income tax return is submitted to the Income-tax department. As per the Companies Act, 2013, non-filing of annual returns is an offence. Hence, it is indispensable for a company to file the annual return with the MCA within 60 days of the Annual General Meeting and within 30 days for a Financial Statement. Form AOC 4 & MGT-7 are required to be filed with ROC within 30 days & 60 days from the date of the Annual General Meeting of the company respectively. The timely and yearly filing of Roc forms avoids the burden of penalty, which may arise due to non-filing as required by the Companies Act, 2013 law. In this blog, we’ll have a look at the various consequences and the penalties for non-filing of RoC on time...

  India has seen a boom in expansion and penetration of various E-commerce platforms like Amazon, Flipkart, swap deals with great momentum in the past few years. These platforms allow other traders to become a seller on these platforms.   GST was introduced by the government as a single tax for the entire country to simplify the Indirect Tax System. GST registration serves as the foundation for all tax lines, including Central Excise, Service Tax, and VAT etc. Now, any Seller or Vendor is required to get registered under GST to be able to sell on these platforms. Here is a complete guide on how to file returns if you want to sell goods on any of these platforms.   The rules are different for people who provide services via platforms like UrbanClap or provide food via Swiggy or cab service via uber/ola. This guide is only for persons who sell goods on Amazon, Flipkart or other similar platforms.   Why is GST Registration and filing mandatory for Amazon Vendors/Seller...

A Trade License is simply a license or certificate issued by a municipal corporation in order to grant permission to any individual for carrying out any particular business in a defined area or location. A trade license is needed by a business in order to legally carry out various activities. It acts as a document that provides legitimacy to a company and gives it the ability to perform certain actions within the area for which the license was generated.  This type of license does not provide any special permission to carry out an activity other than the one it was issued for. The applicant will have to ensure that the business is carried out as per the requirements of the license. Also, this license does not pass on any kind of property ownership to the holder of the license. Trade License has introduced in India 40 years ago and now it is being regulated through municipal corporation acts by the state governments. The key motive behind this is to ensure that the residents are not...

  ST  due dates are very important for every taxpayer not only for sake of filing GST returns and prescribed forms under the GST law timely but also to avoid incurring any interest or late fee. It is also important for businesses and entrepreneurs to stay compliant with various compliance throughout the year. Every month is significant, as far as GST compliance is concerned. There are various tax and statutory compliance that includes the due dates relating to GST return filing that fall in the month of August 2021. Regular comp l iances and procedures are required to be followed by those coming under its ambit. In all those, return related compliance is one of the most important things in compliance under the GST. The GST registered dealer has to file a statement of the transactions of the business i.e. returns on a monthly/quarterly/annual basis. Various due dates for the GST Returns in the Month of August 2021 Cessation Once you follow all the GST compliance checklists, yo...