There are some easy steps for filing a GSTR which include – Going on the GST portal is the first step. A GST identification number will be issued based on the taxpayer’s state code and PAN number. As a next step, taxpayers must upload their invoices at the portal then an invoice reference number will be generated. After that the person needs to file the returns on the portal.
GST registration does not have any expiry date. The registration is valid until it is surrounded or canceled. The GST registration validity is 90 days for those taxpayers who are nonresident.
The tax offender or a person who is making short payments must pay a penalty of 10% of the tax amount. The minimum tax penalty is Rs. 10,000 and the maximum penalty is 10% of the tax amount that has not been paid by the offender.
The mandatory details needed to file a GST return are as follows GST registration certificate, Log-in credentials of the registered person, details of supplies, and DSC of authorized partner or director in case of company or LLP.
Yes, GST return filing is a mandatory process under the GST act. A person must file a nil return even if there is no transaction happened. Also, No one can file a GST return without filing the previous month’s or quarter’s return.
Under the GST act, every individual must produce their income to the Tax Department of India, which is known as a return, and it has the details of every sale and purchase done by an individual. Under the taxation system, the concerned individuals need to file their GST return 26 times a year.
Yes, one can make amendments to a filed GSTR-1 of a particular tax period. The person needs to declare the amended details in the return.
If a taxpayer did not file GSTR for more than six months continuously then the concerned officer of GST has the right to cancel his GST registration.
No, FSSAI registration and license are different. FSSAI issues registration or license based on the size and nature of the FBOs. FBOs with an annual turnover of up to 12 lakhs can apply for registration through Form A of FSSAI and FBOs with an annual turnover of more than 12 Lakhs must apply for a license through Form B of FSSAI.
There are two types of FSSAI licenses: State License and Central License. The state and central license category depends on the size and nature of the business of the FBOs. The Central License is for those businesses whose annual turnover is more than 20 crores and the business presence is available in multistate, and State License is for those businesses whose annual turnover is between 12 lakhs to 20 crore and they are only running their business in a particular state.
