In any tax law, there would be an enhanced focus on the various accounts, records, and documents to be maintained so that there exists an appropriate trail of transactions undertaken by the assessee, which are maintained properly.
Whether you are running a business from your home, office or a retail outlet, you must register for the Goods and Services Tax (GST) in Karnataka. The good news is that the process of registration is quite simple, and the costs of the registration are minimal.
The article mentions about the havoc going on with IT Companies' employees leaving the organization
Transportation is a vital part of the economy as any problem in transportation disrupts the entire business channel. This is why any petrol price change has a far-reaching effect in disruption of business. In India most popular form of transport is via road.
Transfer of business in GST is considered as supply and is liable to GST. However, if the business is transferred as going concern with all its liabilities and assets then the same is exempt.
Margin Scheme was introduction by way of Notification No.10/2017 dt. 28/06/2017
''Registered Persons' might not have carried forward/claimed 'left out credit/'correct left out credit before 27.12.2017.
The department has started issuing notices and requesting for information by comparing data disclosed in GSTR 9/9C Vs GSTR 3B.
The claiming of TRAN 1 through GSTR 3, When the credit was not uploaded in 2017 September, this issue is confronted to all states throughout India, the issue of credit is still being debated in all the places in respect of States through India and the department has come with a solution for the above through High court verdict.
Research Paper on - Opening of Portal for Filing of TRAN forms
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