Can individual apply for GST?
Can individual apply for GST?
According to the Goods and Services Tax Act 2017, any business with a turnover of Rs. 40 lakh and above must register for GST. Individuals making inter-state supply of taxable goods and services. Individuals with taxability under reverse charge.
Do accountants charge GST?
No. Account keeping fees are not subject to GST. An account keeping fee is related to operating a bank account or credit account and is a financial supply under items 1 and 2 respectively in the table in subsection 40-5.09(3) of the GST Regulations.
How much does it cost to file a GST return?
500 per return for nil filing and Rs. 2000 for other than nil filing. According to CGST notification 22/2021 dated 1st June 2021, the late fee chargeable for GSTR-7 i.e TDS filing under GST shall be of maximum Rs. 2,000 while late fee per day charged is reduced from Rs.
How do you register for GST?
Register online via the Business Portal You can also register for GST: by phone on 13 28 66. through your registered tax agent or BAS agent. We’ll notify you in writing of your GST registration details, including the date your registration is effective (and your ABN details, if you haven’t already received them).
Do I have to register for GST?
You only need to register for GST once, even if you operate more than one business. If you’re not registered for GST, check each month to see if you’ve reached the threshold, or are likely to exceed it. You need to register within 21 days of your GST turnover exceeding the relevant threshold.
How long is the process of GST registration?
The entire process of GST registration takes up to 2-6 working days. Online GST registration has reduced the corruption rates. The advantages of gst are numerous for all the business owners.
How to check GST registration status for a business?
Visit the official GST portal at https://www.gst.gov.in/.