IEC Code not required for Import/Export under GST Regime – PAN/GSTIN shall work as New IEC Code Number

By Paras Mehra June 14, 2017

no IEC code shall be required for Import/Export, as decided by the government. As a result, the importer/exporters need NOT apply for separate IEC code and the GSTIN and PAN shall be construed as new IEC code for the purpose of import and export.

Ecommerce Sellers – Do we need to take TIN Number and migrate to GST or should we directly apply for GST Registration?

By Paras Mehra June 14, 2017

Currently, we are in migration phase and hence, new TIN number registration or new service tax number registration is not recommended at all , rather either prebook for GST registration or wait till 1st July, when GST registration will start.

GST Registration opens – GST migration Process to reopen on 25th June, 2017 for VAT and Service tax dealers

By Paras Mehra June 14, 2017

The GST registration (migration) window shall reopen on 25th June, 2017 and all the existing taxable assessee registered under VAT, excise law, service tax can enroll themselves under GST.

How these 10 daily use items will hit your pocket under GST!

By Paras Mehra June 14, 2017

Every person in India is discussing about the GST and its impact on his pocket. There is no doubt that the GST shall have impact on the every person’s pocket and hence, one needs to plan properly.

Latest: Turnover limit for Composition Levy increased from 50 Lakh to 75 Lakh

By Paras Mehra June 12, 2017

In the 16th meeting of the GST council headed by Finance Minister Arun Jaitley, the turnover limit for composition levy has been increased from 50 Lakh to 75 Lakh.

What is the threshold limit under GST for New Registration?

By Paras Mehra June 12, 2017

The basic threshold limit under GST for small manufacturers, service providers, and traders is Rs.20 lakh and Rs.10 lakh in case of north eastern states.

What all you must know about GST Registration - Why I am Not required to Register under GST

By Paras Mehra June 12, 2017

There are only two categories of person which are not liable for registration; 1. Any person engaged exclusively in the business of supplying goods/services that are not liable to tax, 2. - An agriculturist, for the purpose of agriculture (Farmers)

10 household items to buy before 1st July 2017 which are set to be costlier under GST

By Paras Mehra June 12, 2017

In very simple words, the electronic items are going to be costly because tax rates on electronics are set to rise up to 28%. So, we have searched and listed 10 products which you should buy before 1st July 2017 to save few thousands from your savings.

8 Practical Issues under GST

By Agam Gupta June 6, 2017

Based upon the queries, we have tried to compile some important practical issues to help you understand the GST far better. Also, various people across India have this doubt, whether they are covered under GST or not.