GST Registration In Hi-tech City

The E-way Bill is an electronic document generated under the Goods and Services Tax (GST) regime in India. It is required for the movement of goods worth more than Rs. 50,000 from one place to another. The E-way Bill system was introduced to ensure seamless movement of goods and enable better tracking and monitoring of consignments. E-way Bill System: 1. Who Should Generate E-way Bill? The responsibility of generating an E-way Bill lies with the consignor, consignee, or transporter. They must generate the E-way Bill electronically on the official GST portal or through a mobile app before the commencement of the movement of goods. 2. Mandatory Requirements for Generating E-way Bill: - GSTIN: The Goods and Services Tax Identification Number (GSTIN) of the supplier, recipient, and transporter is mandatory to generate the E-way Bill. - Invoice Details: The E-way Bill requires accurate details from the corresponding invoice, such as invoice number, date, value of goods, quantity, HS Code, a...

Introduction The Goods and Services Tax (GST) Law introduced the concept of a Letter of Undertaking (LUT) to facilitate seamless exports and simplify the compliance process for businesses in India. The LUT allows exporters to undertake exports without the need to pay tax upfront and claim refunds later. In this article, we will delve into the benefits of using GST LUT for businesses and how it streamlines the export process. Exempted from Integrated Goods and Services Tax (IGST) One of the primary benefits of utilizing GST LUT is the exemption from Integrated Goods and Services Tax (IGST) on export transactions. IGST is the tax applicable on the inter-state and international movement of goods or services. By submitting the LUT, exporters can enjoy a zero-rated tax benefit, eliminating the need to pay IGST at the time of exports. This helps businesses conserve working capital and reduces the financial burden associated with export transactions. Streamlined Export Process By availing...

A comprehensive indirect tax imposed on the delivery of goods and services in India is known as the Goods and Services Tax (GST). The GST law provides tax authorities with a range of investigative and enforcement options in order to guarantee compliance and combat tax evasion. The power of search and seizure is one such instrument. Authorities can use this technology to carry out investigations, audits, and asset, product, and document seizures. The terms and processes pertaining to search and seizure under Indian GST law will be covered in detail in this article. Legal Framework The Central Goods and Services Tax Act, 2017 defines the scope of search and seizure powers under the GST laws in Section 67. This clause gives tax authorities the authority to send officers to search any place of business, including buildings, cars, boats, or aeroplanes. Any place where tax officials have reason to believe that objects, records, or anything else pertinent to the investigation are being held i...