GST Registration Online: SuperCA

  GST Registration is a process for applying for a unique GSTIN i.e. GST Identification Number on the GST Portal. The taxpayer requires GSTIN to collect and pay GST on the outward supplies i.e. sales and claim GST input tax credit on the inward supplies i.e. purchases.  As per the GST rules, it is compulsory for a business/supplier that has a turnover of above Rs.40 lakhs (Rs 10 lakhs for special category states present in hill states and North-Eastern states) to register as a normal taxable entity. Also, there are various types of GST Registrations described under the GST Act. Types of GST Registration depends on the nature of the business. Undergoing the registration procedure is difficult without recognising its different forms. That’s why it is necessary that we should be aware of the different types of GST Registration & acquire a better idea regarding the types before selecting the suitable one. Types of GST Registration Normal Taxpayer As per the GST rules, when ...

  What is Exempt Supply Exempt supply under GST means supplies that do not attract goods and service tax. In these supplies, no GST is charged. Input tax credit paid on these supplies will not be able for utilisation. These are the following three types of supply which are considered exempt supply:- supplies which are chargeable to nil rate tax. supplies which are partially and wholly exempt from the charge of GST by the notifications which amended section 11 of CGST and section 6 IGST. supplies which come under sec 2(78) of the Act. which covers the supplies which are not taxable under the Act like alcoholic liquor for human consumption. Classification of Exemptions Supplier may be exempt — Exemption to the person making supplies-i.e supplier, regardless of the nature of outward supply. (Ex: Services by Securities and Exchange Board of India, Services by Charitable entities. Certain Supplies may  b e exempt –Certain supplies due to their nature and type are exempted from GST....

  With an intention to ease up GST for the taxpayer, the government is continuously amending and inserting various provisions under the GST regime.  Suspension of GST registration  is a new concept the government has come up with the Central Goods and Service Tax (Amendment) Act, 2019 and the Central Goods and Service Tax (Amendment) Rules, 2019. GST Suspension provision was inserted as sub-rule 2A was in Rule 21A of the Central Goods and Services Tax (CGST) Rules. With the introduction o f  the suspension of GST registration, taxpayers who have applied for the  cancellation of GST registration  will not be required to comply with GST return filing provisions during the suspension period. Thus, they would be freed up from the requirement of complying with the  GST return filing  provision during the suspension period, thereby reducing the compliance cost of the taxpayer. Further, any significant differences or oddities observed between the GSTR-3B...

Aadhaar authentication is a process by which the Aadhaar number along with other biometric details of the Aadhaar holder are submitted to the Central Identities Data Repository (CIDR) for verifying the user for his desired action or we can say for verifying its correctness. The CIDR verifies the correctness of data on the basis of information available with it. This step has been taken in order to validate the identity of Aadhaar holders easily from anywhere with the purpose to reduce fraud. In the 39th GST Council Meeting held on March 14, 2020, the idea of Aadhaar Authentication for new taxpayers was approved but its implementation was kept on hold due to the COVID-19 crisis. Later on, CBIC issued notifications about Aadhaar authentication for GST registration from 1st April 2020 which was later changed & was made optional. Currently, Aadhaar authentication is not mandatory for already registered people, non-residents, Aadhaar authentication for online GST registration is a si...

Cancellation of GST Registration means the permanent closure of the GSTIN of the taxpayer. After cancellation, the taxpayer will not be a GST registered person anymore and hence will not have to pay or collect GST or claim ITC anymore and accordingly, need not file GST returns...  Cancellation of GSTIN is of two types – 1. Cancellation by the Registered Person’s will The registration can be cancelled by filing an application on the GST Portal citing the appropriate reason   2. Cancellation by the Proper Officer Suo-moto. In certain circumstances, the registration is cancelled by the tax officer in cases such as non-filing of returns, fraud, contravention of provisions of GST Act etc. In this article, we will discuss the cancellation of GST registration by the Tax officer, the reasons, and its process.   Cancellation of GST registration by the tax officer The registration can be cancelled by the Tax Officer under the following circumstances when...   ➤ The registered ...