Fundamentals of investment

Registration under GST law What is GST Registration In the GST Regime, businesses whose turnover exceeds Rs. 40 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. For certain businesses, registration under GST is mandatory. If the organization carries on business without registering under GST, it will be an offence under GST and heavy penalties will apply. GST registration usually takes between 2-6 working days. We’ll help you to register for GST in 3 easy steps. *CBIC has notified the increase in threshold turnover from Rs 20 lakhs to Rs 40 lakhs. The notification will come into effect from 1st April 2019. What is GST Registration In the GST Regime, businesses whose turnover exceeds Rs. 40 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. For certain businesses, registration under GS...

What is GST Meaning of GST: GST is the combination of three words, goods,service and tax so now first we need to understand these three words  what is the definition goods service and tax under GST law :                                            Section  2(52)-Goods  Means :  Every kind of movable property  other than :  money and securities  but includes : actionable claim, growing crop, grass and things attached to or farming part of land which are agreed to be served before supply or under a contact of supply                                          Section 2(102)-Services Means : Anything Other than: Goods, money and Securities But includes: Activities relating to the use of money and its conversion by cash or by any other m...