Easy claim ITC refund under GST regime: What is ITC (input tax credit): ITC “Input Tax” in relation to a taxable person, means the Goods and Services Tax charged on any supply of goods or services to him which are used or are intended to be used, during furtherance of his business.Getting of ITC (Input Tax Credit )under GST – Conditions To Claim is one of the most criticalRead more
GST GET REGISTERED FOR GST Under GST laws, entities supplying taxable product and services need to be registered all the states from which these will be supplied. The entity already registered in a state under existing law should be migrated to GST regime. Unregistered entities will have get registered in specific states from which supplies are made. The window for this is likely to open from June 25 for monthRead more
All the existing taxpayers registered under Sales tax, excise tax and VAT need to register on the common GST portal. The migration process is explained clearly in this article.Here is the step by step guide on how to migrate to GST. Steps of GST migration Create User ID and password on the common portal Do submit the business details All the details related to proprietor, partner and etc shouldRead more