What is Reverse Charge Mechanism in GST?

reverse charge mechanism in gst

In the Goods and Services Tax (GST) framework, the primary principle is that the supplier of goods or services is responsible for the payment of GST. This rule requires the collection of taxes at the point of origin, which are then remitted to the government. However, there are specific scenarios where this responsibility shifts to the recipient of goods or […]

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How can I register for GST in Bangalore?

How can I register for GST in Bangalore?

In India, the Goods and Services Tax (GST) has simplified the indirect taxation system by replacing multiple taxes levied by the state and central governments. If you are a business owner in Bangalore, understanding how to register for GST is crucial for compliance and seamless operations. This guide provides a step-by-step process to help you navigate through GST registration in […]

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GST return filing for pvt ltd company

GST return filing for pvt ltd company

Introduction GST, an indirect tax, is levied on the provision of goods and services within India. Implemented on July 1, 2017, GST replaced several previous indirect taxes like VAT, service tax, and excise duty. For Private Limited Companies (Pvt Ltd), adhering to GST regulations is critical for legal compliance and smooth business operations. Filing GST returns after getting GST registration […]

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How to do GST registration for a company?

How to do GST registration for a company

What is Company and what are its benefits? A company in India is a voluntary association of individuals formed for the purpose of carrying out business activities, which can be for-profit or non-profit. It is a distinct legal entity separate from its members (shareholders) and is recognized by law. This means that the company itself can own property, incur liabilities, […]

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Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)

Online Compliance Pertaining to Liability Difference Appearing in R1 – R3B (DRC-01B) (1)

1. According to information, the GSTN has developed a feature that will allow taxpayers to online explain the distinction between their GSTR-1 and 3B returns, as directed by the GST Council. This feature is presently live on the GST portal. 2.  The functionality thinks about the liability declared in GSTR-1/IFF with the liability paid in GSTR-3B/3BQ for each return period. […]

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A Brief on recent development of GST Registration and its benefits

The Goods and Services Tax is an indirect tax that is primarily levied by the government on the provision of goods and services rather than a person’s income, profit, or revenue. Several central-level taxes, including the Central Excise Duty, Sales Tax, Service Tax, and Special Additional Customs Duty, are included in the GST. as well as state-level taxes like the […]

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Whether a person having multiple business verticals in a state can obtain for different registrations in GST?

A person having multiple business obtain different gst registration ?

Yes it is possible ,A person having multiple business verticals in a state can obtain for different registrations in GST. Solubilis is top GST Consultants in Chennai,Coimbatore&Bangalore. Solubilis having expert team having helps you to do end of the registration. The value-added tax (GST Registration) is only levied at each stage of the supply chain, which includes the production, sale, […]

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What are the consultancies offer GST registration in Coimbatore?

Solubilis, Corpstore and Earnlogic are the major consultancies that offers GST registration services in Coimbatore. There are doing all types of registration services in Coimbatore. A national indirect tax on goods and services is the Goods and Services Tax (GST). The central taxes of central excise, service tax, excise and customs extra duties, special additional duty of customs, and cess […]

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