Suspension Of GST Registration | Online Chartered

  Introduction: As we all know, GST registration for any person becomes mandatory when the supplies exceed the basic exemption limit i.e. 40 lakhs in case of goods and 20 lakhs in case of services. Additionally, there are a few circumstances in which GST registration becomes mandatory. State-wise, separate GST registration is to be obtained for all those states from where the taxable supplies are being made. Now we all know that GST registration has to be obtained state-wise, but another question arises in the mind of taxpayers, Can we take more than one GST registration within the same state? There can be many objectives behind applying for multiple GST registrations within the same state or union territories, such as different businesses, ease of maintenance of accounts/records, nature of business, geographical convenience, infrastructural benefits and many others. Can one person apply for more than one GST registration within the same state? The answer is YES. As per Rule...

Introduction: GST registration is an indirect form of tax where the supplier collects the tax from the purchaser and deposits it with the government. But there are few instances where suppliers are eligible to get a refund from the government. The taxpayers shall be aware of these kinds of instances where they are eligible to take a refund. Under the GST regime, the application form for filing of refund is prescribed, and the procedure to file it is a completely online process.   Situations that lead to refund claims are such, Export of goods or services Supplies to SEZs units and SEZ developers Deemed exports Refund of taxes on purchases made by the UN or embassies Refund arising on account of order, decree judgment or order of appellate authority, tribunal or any other court. Refund of accumulated ITC on account of inverted duty structure. Refund of pre-deposit. Finalization of provisional assessment. Excess payment due to a mistake Refu...

  Introduction: Nowadays the GST department has come up with all new weapons to mitigate non-compliances under GST. The suspension of registration under GST helps the GST officer to identify the fraud-causing circumstances and prevent it before it actually takes place. There are certain parameters and criteria on the basis of which GST officers suspend GST registration. Rule 21A of CGST Rules, 2017 lists out such circumstances or parameters on the basis of which the registration shall stand suspended. Brief about Rule 21A of CGST Rules, 2017: According to sub-rule (1) of rule 21A, when any registered person applies for the cancellation of  GST registration  then the GST registration shall be deemed to be suspended from the date of submission of the application of cancellation or from the date from which the cancellation is sought until the whole cancellation process gets completed. This means that once you file the application for cancellation, the GST number shall be dee...