How do I claim tax credits?

• To claim Tax Credits you'll need to fill in form TC600. 
• You can get this form by: completing in HMRC's Tax Credit claim form request online,
•  or. calling the Tax Credit helpline on 0345 300 3900 (textphone 0345 300 3909

Whats is exempt?

Exempt employees are defined as employees who, based on duties performed and manner of compensation, shall be exempt from the Fair Labor Standards Act (FLSA) minimum wage and overtime provisions.

Can I Sell My House Without My Spouse's Signature

• Both spouses will need to sign the deed to sell the home.
•  However, if the home is titled as "tenants in comm
•  Both parties have a separate and distinct interest in the homon," a spouse can sell his share of the property withoutthe other spouse's consent.e.

How do you transfer a house to another person

How Do I Transfer Title of a Property from a Person to an LLC?

1. If you have a mortgage on the property, contact your lender. ...
2. Form an LLC, if you haven't already. ...
3. Obtain a Tax ID number and open an LLC bank account. ...
4. Obtain a form for a deed. ...
5. Fill out the warranty or quitclaim deed form. ...
6. Sign the deed to transfer property to the LLC. ...
7. Record the deed. ...
8. Change your lease.

Can a gifted property be claimed back?

• n one case decided by madras HC, the donor once gifted the property and the donee accepted, then the donor does not have any rights over the property
• . ... Hence Gifted property cannot be claimed back, UNLESS & UNTIL it is legally proved that the Gift Deed was conducted under Threat /Coercion /Mental illness /others.

Can I start a business without registering it in India?

The answer is no! Registering a company is not the only way to start a businessin India. ... The simplest way to start your own business is to acquire any tax license, like service tax registration.

What are the benefits of registering a business?

• You can limit your personal liability. ...
• Minimise your tax liability. ...
• Avoid conflict with your founders. ...
• Enhance your brand image and improve the relationships with your customers and suppliers. ...
• Raise significant capital for your business.

What is UIN in GST?

GSTIN and GST UIN. ... UIN is a distinct class of GST Registration for foreign diplomatic missions and embassies, which are not liable to taxes in the Indian Territory. The main purpose of GST UIN is it enables the body to collect tax refund on purchases / inward supplies of goods and services.Oct 10, 2018

Can you register a business in two states?

One common area of confusion and misconception is conducting business in multiple states. By law, if your company plans to conduct business in any otherstates than your state of incorporation (or LLC formation), then you may need toregister your business in those states. This process is called foreign qualification.Jul 21, 2011

Can A Person Have 2 GST Number

You can have multiple GST Registration Number from single PAN card. This is allowed in case of multiple business divisions. Suppose you have two business, one a departmental store and another is a restaurant. You can have two separate GSTIN for different business units.

Can one company have multiple GST number?

So in one state, one can have more than one business under same GST number.A business with multiple business verticals in a state may obtain a separateregistration for each business vertical. But it is not compulsory. Hence, One can get one GST number for two or more businesses in a single state

Is GST Registration Required For Each State

You will need GST registration in each state. But if you are supplying from only one location then one GST Registration is sufficient . No. Every business entity will have to get registration in each state where it operates.

What Is The Limit For GST Registration

Going by the definition of aggregate turnover, Mr. A is required to register under GST because his aggregate turnover exceeds the threshold limit of Rs. 20 lakh. Further, Mr. A does not have the option to register as a composition dealer because this aggregate turnover exceeds the threshold limit of Rs 50 lakh.Dec 7, 2018

What Are The Documents Required For GST Registration

The following persons are required to submit their identity proof and address proof along with photographs. For identity proof, documents like PAN, passport, driving license, aadhaar card or voters identity card can be submitted.

Is GST Registration Compulsory

Compulsory Registration. Your liability for GST registration depends on the value of your taxable turnover. This refers to the value of goods and services supplied by you which are regarded as taxable supplies for GST purposes.

How Do I Get A GST Registration Certificate

GST Registration Certificate – Download from gst.gov.in

Updated on Jan 03, 2019 - 10:35:31 AM

A business whose turnover is above Rs. 20 lakh has to register for GST. Also, some special businesses are also required to register for GST. Every registered taxpayer is issued a GST Registration Certificate in Form GST REG-06. If you are a registered taxpayer you can also download the certificate from the GST portal. The registration certificate is available for downloading only on the GST Portal. The government does not issue any physical certificate.

Attention GST registered taxpayers! 31st March 2018 is deadline to opt into Composition for FY 2018-19

For: Any GST registered taxpayer who want to opt for the Composition scheme for FY 2018-19;

31st March 2018 is the deadline to file the intimation in Form GST CMP-02 to opt into composition scheme for the FY 2018-19.

Follow our Step-by-step Guide to file CMP-02

Also, furnish statement in form ITC-03 within 60 days of commencement of the FY 2018-19 to declare the ITC claim that has to be reversed on inputs/capital goods in stock, in semi-finished or in finished goods.

Here is a step-by-step process to download GST Registration Certificate:

Step 1 – Login to GST Portal.

Step 2 – Go to ‘Services’ > ‘User Services’ > ‘View/ Download Certificate.

Step 3 – Click on the ‘Download’ icon.

The certificate contains all the details of the business. On the first page, basic details like name, address, and date of registration of the business are displayed.

The second page is ‘Annexure A’ which contains details of any additional place of business.

The third page ‘Annexure B’ has information of the Person in Charge of the business.

What Is The GST Registration fees

What is GST Registration. In the GST Regime, businesses whose turnover exceedsRs. 20 lakhs (Rs 10 lakhs for NE and hill states) is required to register as a normal taxable person. This process of registration is called GST registration.

What Are The Steps In Registering GST

GST Registration Procedure

GST registration is mandatory for most persons and entities supplying goods or services in India. In case of a person or entity supplying goods or services, GST registration becomes mandatory when the aggregate value of supply is more than Rs.20 lakhs. In case the entity is operating in a special category state, GST registration becomes mandatory when the aggregate value of supply is more than Rs.10 lakhs per annum. In this article, we look at the eligibility for obtaining GST registration, list of documents required and procedure for applying for GST registration online.

GST Registration Eligibility Criteria’s

The following are some of the major GST registration eligibility criteria in India.

Turnover Criteria

“Aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess.

If an entity has an aggregate turnover of more than Rs.20 lakhs, GST registration is mandatory. In special category state, the annual aggregate turnover threshold for GST registration is Rs.10 lakhs.

Inter-State Supply

If a supplier of goods supplies goods from one state to another, he/she would become liable for obtaining GST registration, even if the annual aggregate turnover criteria is not satisfied. Earlier, GST registration was mandatory even for suppliers of services when then provided inter-state supply. However, the GST Council later amended the regulation and now, service providers can provide services of upto Rs.20 lakhs inter-state or intra-state before having to obtain GST registration.

Difference between inter-state and intra-state.

Supply through E-Commerce Platforms

Any person who supplies goods or services through an e-commerce platform is required to obtain GST registration mandatorily irrespective fo turnover. Hence, sellers on Flipkart, Amazon and other e-commerce platforms must obtain registration to commence activity.

Causal Taxable Persons

Any person who undertakes supply of goods or services periodically or through a temporary stall or shop must obtain GST registration mandatory, irrespective fo annual aggregate turnover.

Voluntary Registration

In addition to the above, any person can obtain GST registration voluntarily irrespective of turnover or any other criteria. Earlier, any person who obtained voluntary GST registration was not allowed to surrender the registration for upto a year. However, this provision has been modified and now, voluntary GST registration can be surrendered by the applicant at anytime.

GST Registration Types

There are various types of GST registration provided under the GST Act. While applying for a GST registration, the taxpayer must be aware of the distinctions between the registration and select the right one.

Normal Taxpayer

This category of GST registration will be applicable for most of the taxpayer who are running a business in India. To obtain normal taxpayer GST registration, the application would not have to pay a deposit. Also, a registration provided under the normal category will not have an expiry date.

Composition Taxpayer

This type of GST registration can be obtained for those wishing to enroll under the GST Composition Scheme. Taxpayers enrolled under the Composition Scheme can pay a flat GST rate. However, the taxpayer would not be allowed to claim input tax credit. 

Casual Taxable Person

Casual Taxable Person GST registration can be obtained by those proposing to setup a stall or seasonal shop. To obtain a casual taxable person registration, the taxpayer must deposit an advance equal to the amount of GST liability expected during the period in which the GST registration would be active. Casual taxable person registration is normally provided for a period of upto 3 months and can be renewed or extended.

Know more about casual taxable person GST registration.

Non-Resident Taxable Person

Non-resident taxable person GST registration can be obtained by any person located outside of India who is supplying goods or services to residents in India. To obtain non-resident taxable person GST registration, the taxpayer must deposit an advance equal to the amount of GST liability expected during the period in which the GST registration would be active. Non-resident taxable person GST registration is normally provided for a period of upto 3 months and can be renewed or extended.

The above are the most common types of GST registrations in India. In addition to the above, other GST registration types are as follows:

• GST Registration for Non-Resident Online Service Provider
• UN Body / Embassy / Other Notified Person
• Special Economic Zone Developer
• Special Economic Zone Unit
• GST TDS Deductor – Government Entities
• GST TCS Collector  – E-commerce Companies

Documents Required for GST Registration

The following is the list of documents required for obtaining GST registration:

Proof of Constitution of Business (Any One)	Certificate of Incorporation
Photo of Stakeholder (Promoter / Partner)	Photo of the Promoter/ Partner
Photo of the Authorised Signatory	Photo
Proof of Appointment of Authorised Signatory (Any One)	Letter of Authorisation
	Copy of Resolution passed by BoD/ Managing Committee and Acceptance letter
Proof of Principal Place of business (Any One)	Electricity Bill
	Legal ownership document
	Municipal Khata Copy
	Property Tax Receipt
Proof of Details of Bank Accounts (Any One)	First page of Pass Book
	Bank Statement
	Cancelled Cheque

Click here for full list of documents required for GST registration.

GST Registration Procedure

GST registration can be done online through the GST Portal. On submission of a GST registration application, GST ARN is provided immediately. Using the GST ARN, the application status can be checked and queries if any can be replied by the applicant. Within 7 days of ARN generation, the taxpayer would receive GST registration certificate and GSTIN.

Step 1: Go to the GST Portal

1. Access the GST Portal ->https://www.gst.gov.in/
2. Click on Services -> Registration > New Registration option.

GST Registration – Step 1

Step 2: Generate a TRN by Completing OTP Validation

The new GST registration page is displayed. Select the New Registration option. In case you left a GST registration application without completing, the section TRN number option can be used to continue to fill the old application.

1. In the drop down list, select the Taxpayer type from the options provided.
2. In the State/UT and District drop down list, select the state for which GST registration is required and district.
3. In the Legal Name of the Business (As mentioned in PAN) field, enter the legal name of your business/ entity as mentioned in the PAN database. There will be an automated check with the PAN database. Hence, ensure the name is the same as in PAN. In case a wrong name is mentioned in PAN, apply for correction of PAN first.
4. In the Permanent Account Number (PAN) field, enter PAN of your business or PAN of the Proprietor. GST registration is linked to PAN. Hence, in case of company or LLP, enter the PAN of the company or LLP.
5. In the Email Address field, enter the email address of the Primary Authorized Signatory. (Will be verified in next step)
6. In the Mobile Number field, enter the valid Indian mobile number of the Primary Authorized Signatory. (Will be verified in next step)
7. Click the PROCEED button.

GST Registration – Step 2

Step 3: OTP Verification & TRN Generation

On submission of the above information, the OTP Verification page is displayed. OTP will be valid only for 10 minutes. Hence, enter the two separate OTP sent to validate email and mobile number.

• In the Mobile OTP field, enter the OTP you received on your mobile number.
• In the Email OTP field, enter the OTP you received on your email address.

Step 4: TRN Generated

On successfully completing OTP verification, a TRN will be generated. TRN will now be used to complete and submit the GST registration application.

GST Registration – Step 3

Step 5: Login with TRN

Now that TRN is generated, you can begin the GST registration process. In the Temporary Reference Number (TRN) field on the GST Portal, enter the TRN generated and enter the captcha text as shown on the screen. Complete the OTP verification on mobile and email. You will now be taken to the GST registration page shown below:

GST Registration – Step 4

Click on the icon marked in red to start the GST registration process.

Step 6: Submit Business Information

Various information must be submitted for obtaining GST registration. In the first tab, business details must be submitted.

• In the Trade Name field, enter the trade name of your business.
• Input the Constitution of the Business from the drop-down list.
• Enter the District and Sector/ Circle / Ward / Charge/ Unit from the drop-down list.
• In the Commissionerate Code, Division Code and Range Code drop-down list, select the appropriate choice.
• Select if you would like to opt for the Composition Scheme.
• Input the date of commencement of business.
• Select the Date on which liability to register arises. This is the day the business crossed the aggregate turnover threshold for GST registration. Taxpayers are required to file the application for new GST registration within 30 days from the date on which the liability to register arises.

GST Registration – Business Information

Step 7: Submit Promoter Information

In the next tab, details of the promoters of the business must be submitted. In case of a company, the directors information must be submitted. In case of proprietorship, the proprietors information must be submitted. Details of upto 10 Promoters or Partners can be submitted in a GST registration application.

The following details must be submitted for the promoters:

• Personal details of the stakeholder like name, date of birth, address, mobile number, email address and gender.
• Designation of promoter.
• DIN of the Promoter, only for the following types of applicants:
  • Private Limited Company
  • Public Limited Company
  • Public Sector Undertaking
  • Unlimited Company
  • Foreign Company registered in India
• Details of citizenship
• PAN & Aadhar
• Residential address.
• Photo of promoter.

In case the applicant provides Aadhar, aadhar e-sign can be used for signing the GST returns instead of a digital signature.

GST Registration – Promoter Information

Step 8: Submit Authorised Signatory Information

The authorised signatory is a person nominated by the promoters of the company to be responsible for filing GST returns of the company and maintaining the necessary compliance. The authorised signatory will have full access to the GST Portal and will be able to undertake a wide range of transactions on behalf of the promoters. The promoter of a company can also be an authorised signatory.

In case a promoter was selected as an authorised signatory in the previous section, this section will be auto-populated with the relevant details. The details required for authorised signatory is same as that of the promoters.

Step 9: Principal Place of Business

In this section, the details of principal place of business must be provided by the applicant. The Principal Place of Business is the primary location within the State where a taxpayer’s business is performed. The principal place of business is generally the address where the business’s books of accounts and records are kept and is often where the head of the firm or at least top management is located. Hence, in case of company or LLP, the principal place of business would be the registered office.

For the principal place of business enter the following:

• Enter the address details of the principal place of business.
• Enter the official contact details like Email address, telephone number (with STD Code), mobile number field and fax number (with STD Code).
• Select the nature of possession of the premises.

If the principal place of business is located in SEZ or the applicant is SEZ developer, necessary documents/ certificates issued by Government of India are required to be uploaded by choosing ‘Others’ value in Nature of possession of premises drop-down and upload the document.

In this section you will have to upload documents to provide proof of ownership or occupancy of the property as follows:

• For Own premises – Any document in support of the ownership of the premises like Latest Property Tax Receipt or Municipal Khata copy or copy of Electricity Bill.
• For Rented or Leased premises – A copy of the valid Rent / Lease Agreement with any document in support of the ownership of the premises of the Lessor like Latest Property Tax Receipt or Municipal Khata copy or copy of Electricity Bill.
• For premises not covered above – A copy of the Consent Letter with any document in support of the ownership of the premises of the Consenter like Municipal Khata copy or Electricity Bill copy. For shared properties also, the same documents may be uploaded.

GST Registration – Place of Business

Step 10: Additional Place of Business

In case you have additional place of business, enter details of the property in this tab. For instance, if you are a seller on flipkart or other ecommerce portal and use the sellers warehouse, that location can be added as an additional place of business.

Step 11: Details of Goods and Services

In this section, the taxpayer must provide details of top 5 goods and services supplied by the applicant. This is just an indicative list and the business of the applicant will not be restricted in any way to the goods and services mentioned in this part.

For goods supplied, provide the HSN code and for services, provide SAC code. In case, you have more than 5 goods or services, you can add the top 5 goods or services you are dealing with.

Click here to find HSN code and SAC code.

GST Registration – Goods & Services Supplied

Step 12: Details of Bank Account

In this section, enter the number of bank accounts held by the applicant. If there are 5 accounts, enter 5. Then provide details of the bank account like account number, IFSC code and type of account. Finally, upload a copy of the bank statement or passbook in the place provided.

GST Registration – Bank Account

Step 13: Verification of Application

In this step verify the details submitted in the application before submission. Once verification is complete, select the verification checkbox. In the Name of Authorized Signatory drop-down list, select the name of authorized signatory. Enter the place from where the form is filled. Finally, digitally sign the application using Digital Signature Certificate (DSC)/ E-Signature or EVC. Digitally signing using DSC is mandatory in case of LLP and Companies.

Step 14: ARN Generated

On signing the application, the success message is displayed. You will receive the acknowledgement in next 15 minutes on your registered e-mail address and mobile phone number. Application Reference Number (ARN) receipt is sent on your e-mail address and mobile phone number. Using the GST ARN Number, you can track the status of your GST registration application.

How Do I Check My GST Registration

1. Step 1: Go to GST Portal. Visit the GST Portal. ...
2. Step 2: Enter the ARN Number. Enter the ARN number of GST registration application in the place provided and complete the CAPTCHA.
3. Step 3: GST Registration Application Status.

Aug 7, 2017

What Is Input Tax Credit In GST With Example

Since GST is charged on both goods and services, input credit can be availed on both goods and services (except those which are on the exempted/negative list). Input tax credit is allowed on capital goods. Input tax is not allowed for goods and services for personal use.Dec 13, 2018

What Is GST Advantages And Disadvantages Of GST

GST Advantages and Disadvantages. The GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments.

What Is The Main Purpose Of GST

The Goods and Service Tax (GST) is a comprehensive value added Tax on the supply of Goods and services. GST will replace all the indirect taxes (like Excise duty, VAT, CST etc.) levied on goods and services by Government once it is implemented.Oct 20, 2015

What Is GST And Why Is It Important

GST aims to replace all indirect levied on goods and services by the Indian Central and State governments. GST would subsume with a single comprehensive tax, bringing it all under a single umbrella, eliminating the cascading effect of taxes on the production and distribution prices of goods and services.Aug 17, 2016