by Audit Analyst | Jan 2, 2026 | GST
Valuation and Margin Scheme Tax is levied on the margin (difference between selling and purchase price) If selling price is less than purchase price, no GST is applicable Applicable to dealers not availing input tax credit on purchases Ensures GST is only charged on...
by Audit Analyst | Jan 2, 2026 | GST
Registration Requirements Transporters with turnover above threshold must register under GST Casual or unregistered transporters may need to enrol for TRANSIN ID Transporters operating in multiple states require separate registrations Must register for e-way bill...
by Audit Analyst | Jan 2, 2026 | GST
Eligibility Criteria Must be a citizen of India with sound mind and not insolvent Should hold a graduate degree in Commerce, Law, Banking, Business, or related field Alternatively, should have cleared the final exam of CA, CS, or CMA Retired government tax officials...
by Audit Analyst | Jan 2, 2026 | GST
Authorized GST Representation GST practitioners are certified professionals who assist taxpayers Registered under Rule 83 of the CGST Rules Authorized to file returns, respond to notices, and communicate with the department Act as intermediaries between businesses and...
by Audit Analyst | Jan 2, 2026 | GST
Registration and Updates Businesses crossing threshold turnover must register under GST Details like business name, address, and bank accounts must be updated regularly Multiple registrations required for branches in different states Cancellation of registration must...
