FAQ's Related to GST

 

FAQ's Related to GST

Q. What is GST?

Ans: GST Registration is a process by which a taxpayer gets himself registered under GST.

Q. What is GSTIN?

Ans: GSTIN is a 15-digit unique code. Once a business is successfully registered, a unique registration number is assigned to them known as the Goods and Services Tax Identification Number (GSTIN).

Q. How to apply GST online?

Ans:

1. Visit the official GST Portal- https://www.gst.gov.in/
2. Click on the Services Tab.
3. Then open Registration> New Registration
4. Add your details and receive your GST invoice in your mail.

Q. How to file GST returns?

Ans: For every GST return filled all invoices and compliance sales receipts are compulsory to submit. Search for the official GST portal- https://www.gst.gov.in/help/returns where you can file your GST return.

Q. Can any kind of business applications for the Composite Scheme of GST?

Ans: No, only businesses with a turnover of which is below the amount of Rs. 1.5 crore or Rs 75 lacs in some cases are eligible.

Q. How to get GST number?

Ans:

1. Visit the official GST Portal- https://www.gst.gov.in/
2. Click on Services, then Registration > New Registration
3. Enter all your official documents and details like PAN number, contact information, and email address.
4. Click Proceed.

Q. What items are exempted from GST?

Ans: The services exempted or not applicable for GST Law are- Poultry, Hotels priced under 1000, stationery, Handlooms, Contraceptives, Education, and Healthcare.

GET FREE CONSULTANCY