1. What is meant by Compulsory Withdrawal from Composition Levy? A taxpayer can opt out of Composition levy in any of the two ways: In case, the taxpayer does not opt out of the Composition levy within 7 days of disqualifying event, proceedings for compulsory withdrawal from Composition levy can be initiated by the Tax […]
You can opt for the Composition Levy under GST if you are a regular taxpayer with an aggregate annual domestic PAN-based turnover as specified from time to time. However, you cannot opt for the Composition Levy if you are/you make: – any supply of goods which are not liable to be taxed under this Act […]
To view notices/ orders and to file reply to the notices issued by the Refund Processing Officer, perform following steps: A. Searching for your filed refund application in “My Applications” Screen B. Take action using NOTICE/ACKNOWLEDGEMENT tab of Case Details screen: C. Take action using ORDERS tab of Case Details screen: D. Take action using AUDIT HISTORY tab of Case Details screen: View the audit […]
1. Who has to furnish a Letter of Undertaking? Any registered person availing the option to supply goods or services for export /SEZs without payment of integrated tax has to furnish, prior to export/SEZs supply, a Letter of Undertaking (LUT), if he has not been prosecuted for tax evasion for an amount of Rs 2.5 […]
To file the Letter of Undertaking (LUT) for export of goods or services at the GST Portal, perform the following steps: 1. Access the GST Portal at www.gst.gov.in URL. The GST Home page is displayed. 2. Login to the GST Portal with valid credentials. 3. Click the Services > User Services > Furnish Letter of Undertaking (LUT) command. 4. […]
1. What is Refund Application FORM GST RFD-10? Refund Application FORM GST RFD-10 is an application by any specialized agency of United Nations Organization or any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947, Consulate or Embassy of foreign countries or any other person or class of persons, […]
Embassies/ International Organizations can submit the application for refund in two ways: Generate GST RFD-10 application form through GSTR-11 – Quarterly Return Screen Generate GST RFD-10 application form through Dashboard Generate GST RFD-10 application form of the same quarter for which GSTR-11 is filed To submit the application for refund on the GST Portal, perform […]
To withdraw your filed refund application on the GST Portal, perform following steps: 1. Access the www.gst.gov.in URL. The GST Home page is displayed. Login to the portal with valid credentials. Dashboard page is displayed. Click Services > User Services > My Applications option. 2. My Applications page is displayed. In the Application Type field, select “REFUNDS” from the drop-down list. To view the filed refund applications, select […]
1. Am I eligible to receive the refund of IGST and Cess paid on export of goods if I have filed GSTR-3B? Yes, you are eligible for Refund of Integrated Tax and Cess on account of Export of goods (with payment of tax) if you meet following conditions: • Filed Form GSTR-1, providing Export details […]
ROC returns are financial statements or annual returns of a company that must be filed on time to the registrar of companies with the MCA each year. It is mandatory for companies to intimate about the management via prescribed ROC forms on an annual basis, just like an Income tax return is submitted to the […]