DTM – Delhi Trademark: Protecting Your Intellectual Property Rights
The Certification is maintained for a period of 3 years under the following conditions.
The limit to be considered under GST laws are different for the different categories:
Manufacturing Sector – 40 lakhs
Service sector – 20 lakhs
In North Eastern states – 10 lakhs
If there is delay in filing GST, the penalty charged if Rs 200/- per day. There is no such late fees charged in IGST
If the GSTR is not Filed, then there will be a penalty of 10% of Tax due or Rs 10,000, whichever is earlier
If someone has committed fraud, then there will be a penalty of 100% of the tax due or Rs 10,000 whichever is earlier
Composition Scheme is a simple process under the GST law for all the taxpayers, so that they can get rid of the difficult formalities and have to pay the GST at a fixed rate based on the turnover. This scheme is opted by the taxpayer whose turnover is less than Rs 1.0 crore. But now the CBIC has notified the increase to the threshold limit is from Rs 1.0 Crore to Rs. 1.5 Crores. The limit is now Rs 75* lakh, in case of North-Eastern states and Himachal Pradesh. The applicable GST rate under the composition scheme is 1% of the rate of annual turnover, in case of manufacturer or traders(Goods).
All taxpayers who have an annual turnover above ₹40 lakhs are required to get new GST registration.
If you supply goods or services in events/exhibitions where you do not have a permanent place of business, you need to get online GST Registration before starting a business. Such a dealer has to pay GST on the basis of an estimated turnover of 90 days. The validity of causal GST Registration is 90 days.
NRI taxpayer, who does not have a place of business in India, wishes to start a business, then he has to apply for GST Registration in India before beginning operations in India. The validity of a new GST registration is 90 days.
All Input service distributor who wants carry-forward benefit of input tax credit requires gst registration.
A business who requires to pay tax under the reverse charge mechanism need GST Registration.
Every e-commerce portal (such as Amazon or Flipkart) under which multiple vendor’s selling their product requires gst registration.
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