Author: Daniya Kurian

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the GSTR 1A form in the CGST Amendment Rules, 2014 dated 10th July 2024. The GST council approved the introduction of a new GSTR 1A form in its 53rd meeting. The GSTR 1A form offers taxpayers the flexibility to revise or add… Continue reading GSTR 1A Form

Director identification number is a unique number issued to existing Director or a Future Director of a Company and required for company registration. DIN and Designated Partner Identification Number can be used interchangeably. DPIN is required for registering a LLP in India. DIN typically contains all the personal information of the person becoming a Director. DIN can only be… Continue reading Director Identification Number (DIN)

Tax Deduction and Collection Account Number – TAN TAN stands for Tax Deduction and Collection Account Number. It is a ten-digit alphanumeric number allotted to those who are supposed to deduct tax at source or TDS. TAN number or registration is significant for businesses deducting tax at source and must be quoted in TDS or… Continue reading TAN & PAN

Digital Signature Certificates (DSC) is an electronic authorization format that serves as proof of an individual’s identity for certain online transactions and filings. DSCs are mainly used by the MCA (ROC), Income Tax Department, Directorate General of Foreign Trade, GST registration, Employee Provident Fund, and E-Tenders in India. Digital Signatures are classified into three classes… Continue reading Digital Signature Certificate – DSC

The taxpayer can file the application for supplies to a Special Economic Zone unit or a Special Economic Zone developer by: Supplier of goods after such goods have been admitted in full in the Special Economic Zone for authorised operations, as endorsed by the specified officer of the Zone; Supplier of services along with such… Continue reading Refund Policy on Supply to SEZ

Letter of undertaking is the document that the user provides declaring fulfillment of all requirements under GST. It is furnished in case of export undertaken without paying IGST. Also, according to the Notification No. 37 /2017 – Central Tax It is mandatory to furnish LUT to export goods or services or both without paying IGST. If the… Continue reading Letter of Undertaking under GST – eligibility criteria to apply

1. File for GST RFD 01 along with the required documents in Annexure 1 to the form. 2. The assessee shall receive an acknowledgement in GST RFD 02 if there are no problems with the application in GST RFD 01. In case of any issues, it will be communicated in GST RFD 03. 3. The… Continue reading Procedure for GST refund

1. Refund of any Balance in Electronic Cash Ledger can be claimed in the return furnished under section 39 in the Form GSTR 3 GSTR 4 and GSTR 7 before the expiry of 2 years from relevant date. 2. Refund of tax paid by a specialized agency of UNO, consulate or embassy of foreign countries… Continue reading Circumstances when GST can be claimed Back

A taxpayer should be registered as a normal taxpayer under GST at least for a single day in a financial year. A taxpayer should have filed GSTR-1 and GSTR-3B for the financial year before filing the annual return. Table number 6A will be auto-filled based on the GSTR-3B and the same is not editable. Table number 8A will be… Continue reading Prerequisites for filing GSTR-9

Getting register with STPI is an easy process. You have to visit website https://stpionline.stpi.in/unit/jindex.php and you can select relevant STPI office. Following documents required for registration with STPI A) Company Profile with 5 year Projected financial statements B) Director’s profile. C) Bank AD (Authorized dealer) code declaration D) Address Proof ( lease deed/rent agreement etc.)… Continue reading Procedures to obtain STPI registration