The Goods and Services Tax Network ( GSTN ) has updated a new feature in the GST portal in connection with the filing of an application for ITC accumulated due to Inverted Tax Structure. “While filing refund application of input tax credit (ITC) accumulated due to Inverted Tax Structure, the taxpayer can now enter his… Read More »
GSTIN Number Format All of businesses registered under GST will be assigned a unique Goods and Services Tax Identification Number ( GSTIN ) under GST of India. The first two digits of GSTN number will represent the state code as per Indian Census 2011 The next ten digits will be the PAN number of the… Read More »
1.1 Introduction to GST System The Goods and Services Tax (GST), which will replace the State VAT, Central Excise, Service Tax and a few other indirect taxes, will be a broad-based, single, comprehensive tax levied on goods and services. It will be levied at every stage of the production distribution chain by giving the benefit… Read More »
Frontend Business Process on GST Portal FAQs on GST released by CBC BUY Q 1. What is GSTN? Ans. Goods and Services Tax Network (GSTN) is a nonprofit non-government company, which will provide shared IT infrastructure and service to both central and state governments including tax payers and other stakeholders. The Frontend services of registration,… Read More »