#how to surrender gst number

[taxblgs]

If You Lost Your PAN Card, complete guide to How to Apply for a Duplicate pan card!

 What is a Duplicate PAN Card?

A Duplicate PAN (Permanent Account Number) card is a reissued version of the original PAN card, typically requested when the original is lost, damaged, or needs to be replaced. The PAN card is a crucial document in India, used for various financial transactions and tax purposes, serving as a unique identifier for individuals and entities.

Steps to Apply for Duplicate PAN Card Online

1. Visit the Official Website: Go to the websites of NSDL (now Protean) or UTIITSL. 2. Select the Application Type: Choose “Reprint of PAN Card” or “Duplicate PAN Card”. 3. Fill in the Form: Provide necessary details like your PAN, name, and date of birth. 4. Submit Documents: Upload required documents, such as identity proof. 5. Pay the Fee: Make the payment using the available online options. 6. Receive Acknowledgment: After submission, you’ll receive an acknowledgment receipt with a token number for tracking.

Applying Duplicate PAN Card Without Changes

If you need a duplicate PAN card without any changes in personal details, the process is simplified. Follow the same online steps as above, ensuring you select the option for a duplicate without changes. Your existing information will be retained.

Who Can Apply For Duplicate PAN Card?

Any individual or entity that holds a PAN card can apply for a duplicate. This includes:

- Indian citizens - Non-resident Indians (NRIs) - Companies - Partnerships - Trusts

When to Apply for a Duplicate PAN Card

You should apply for a duplicate PAN card in the following situations:

- Loss or theft of the original card - Damage or wear and tear making the card unreadable - Incorrect details on the original card (if needing a change, opt for the correction process instead)

Documents Required for a Duplicate PAN Application

To apply for a duplicate PAN card, you typically need:

- A copy of your lost or damaged PAN card (if available) - Identity proof (e.g., Aadhar, passport, voter ID) - Address proof (e.g., utility bill, bank statement) - Passport-sized photographs - Payment receipt (for online applications)

Fees to Apply for a Duplicate PAN Card

The fee for applying for a duplicate PAN card varies based on the applicant’s location:

- For Indian residents: Approximately ₹110 (including GST) - For applicants outside India: Approximately ₹1,020 (including GST)

Check the latest fee structure on the official websites before applying.

Steps to Download a Duplicate PAN Card

Once your duplicate PAN card application is approved, you can download it:

1. Visit the PAN Service Website: Go to NSDL or UTIITSL. 2. Select ‘Download PAN’: Look for the option to download the e-PAN. 3. Enter Details: Provide your PAN and acknowledgment number. 4. Authenticate with OTP: An OTP will be sent to your registered mobile number for verification. 5. Download the Card: After verification, download the e-PAN card.

Steps to Surrender a Duplicate PAN Card

If you have received a duplicate PAN card but realize you have multiple PANs, it’s advisable to surrender the extra one:

1. Write a Request Letter: Address it to the Income Tax Department, mentioning your details and PAN numbers. 2. Include Documents: Attach copies of your PAN cards and identity proof. 3. Submit: Send the letter to the appropriate IT office or online via the official portal.

Conclusion

A duplicate PAN card is essential for maintaining seamless financial transactions and tax compliance. The process for obtaining one, whether online or offline, is straightforward. Ensuring you have a valid PAN card helps in avoiding penalties and facilitates smoother dealings with banks and other financial institutions.

Related article: How to track your Pan card status? , Pan card application form pdf

[ebizfiling]

What is GSTR 10 and how to file GSTR 10?

Introduction

Goods and Services Tax (GST) has streamlined the tax structure in India. As a part of GST compliance process, taxpayers are required to file various returns including GSTR 10. In this article, we’ll discuss everything you need to know about filing GSTR 10, including what it means, who needs to file, the due date, and the penalty for non-compliance.

The meaning of GSTR 10

GSTR 10, also known as final return, is the return filed by a taxpayer whose GST registration has been canceled or surrendered. It is a statement which contains details of all supplies made and received during the period from the effective date of cancellation of registration to the date of cancellation or surrender.

Who is required to file GSTR 10?

Any taxpayer whose GST registration is canceled or surrendered is required to file a GSTR 10. It is important to note that GSTR 10 is a mandatory return and non-compliance may result in penalties and legal consequences.

GSTR 10 Filing Due Date

The due date for filing GSTR 10 is within three months from the date of cancellation of registration. For example, if a taxpayer surrenders his registration on 15th February 2023, the due date for filing GSTR 10 will be 15th May 2023.

Penalty for Non-Compliance GSTR 10

Non-compliance with GSTR 10 may result in penalties and legal consequences. If a taxpayer fails to file GSTR 10 on the due date, they will be liable to pay late fee of Rs. 100 per day of delay, subject to a maximum of 0.25% of the turnover of the assessee. In addition, the taxpayer’s registration may be deemed to be active, and they may be required to file all outstanding returns and pay any outstanding tax liability.

Details to be furnished in GSTR 10

GSTR 10 requires the taxpayers to furnish details of all supplies made and received during the period from the effective date of cancellation to the date of cancellation or surrender. The return should also contain information about the stock held on the date of cancellation or surrender and the tax liability arising out of such stock for availing and availing of input tax credit.

Procedure for filing GSTR 10

In order to file GSTR 10, taxpayers must first log in to the GST portal using their credentials.

Then they must navigate to the “Services” tab and select “Return” > “Final Return”.

After selecting the financial year and tax period, taxpayers must provide the necessary details and submit the return.

Once the return is submitted, an acknowledgment receipt will be generated with a unique reference number. Taxpayers should download and save this receipt for future reference.

GSTR 10 Consequences of non-filing or delayed filing

Failure to file GSTR 10 or late filing may result in penalties and legal consequences. In addition to the late fee Rs. 100 per day of delay, subject to a maximum of 0.25% of the taxpayer’s turnover, the taxpayer’s registration may be deemed to be active, and they may be required to file all due returns and pay any outstanding tax liability. The taxpayer may also be subject to interest and penalties on any tax liability arising out of the stock held on the date of cancellation or surrender.

Exceptions to Filing GSTR 10

There are some exceptions for filing GSTR 10. Taxpayers who have obtained registration under GST but have not supplied or received any goods or services during the period from the effective date of registration to the date of cancellation or surrender. File the GSTR 10. In addition, taxpayers who have obtained registration but have not started business and subsequently surrendered their registration are also exempted from filing GSTR 10.

Key takeaways

GSTR 10 is a return filed by a taxpayer whose GST registration has been canceled or surrendered.

GSTR 10 is a mandatory return, and non-compliance can lead to penalties and legal consequences.

The due date for filing GSTR 10 is within three months from the date of cancellation of registration.

Non-compliance with GSTR 10 may result in a late fee of Rs. 100 per day of delay, subject to a maximum of 0.25% of the turnover of the assessee.

If a taxpayer fails to file GSTR 10 by the due date, their registration may be deemed active, and they may be required to file all pending returns and pay any outstanding tax liability.

Conclusion

In conclusion, GSTR 10 is an important return which needs to be filed by taxpayers whose GST registration has been canceled or surrendered. Failure to comply with GSTR 10 filing requirements may result in fines and legal consequences. Taxpayers need to be aware of the due date for filing GSTR 10 and ensure that they file the return within the stipulated deadline. By doing so, taxpayers can avoid unnecessary fines and legal troubles.

[goaishwakirti]

Easily surrender or cancel a GST registration online with Expert support. Dedicated expert Advice on cancellation of gst registration.

[trushalilahore]

Surrender & Revocation of Goods & Service Tax Registration Online

[prasad-corpaid-blog]

Easily surrender or cancel a GST registration online with Expert support. Dedicated expert Advice on cancellation of gst registration. https://www.gstregistrationonline.org/surrender-gst

[darcollp9723]

GST Returns

What is GST returns

The tax document or form that GST-registered taxpayers must file with the authorities and which includes information on income, sales, and purchases and costs is known as a GST returns. The tax authorities use this return to determine their net tax liability.

Generally speaking, a GST-registered merchant has to be aware of appropriate GST return filing, which includes:

Sales

Purchases

GST output for sales

tax credit for input (tax paid on purchases)

Who Must Submit a GST Return?

The GST Act specifies a total of 13 returns, however not all company owners are required to file any particular filings. Depending on the nature of the firm and its yearly revenue, a business owner may be obliged to file a certain number and kind of returns. A company owner must submit two monthly returns and one annual return, or a total of 25 GST filings, in a year, for instance, if their yearly aggregate revenue is greater than 5 crore. On the other hand, a dealer who has chosen the composition plan and has an annual turnover of at least 1.5 crore is only required to submit one GST return every fiscal year.

Type of GST Form

Who should file the form?

GSTR-1

Every registered person should file this form

GSTR-2A

Autofill form that is view-only

GSTR 2B

View only form

GSTR 3B

Anyone can file this tax

GSTR- 4

A composition dealer who has chosen a must fill

GSTR-5

Fees that non-resident foreigners who operate enterprises in India must pay

GSTR-5A

Non-resident OIDAR service providers

GSTR-6

A distributor of input services must file it (ISD)

GSTR-7

filed by those who must remit TDS under the GST

GSTR-8

Filed by e-commerce operators

GSTR-9

Taxpayers registered under GST

GSTR 9C

Taxpayers registered under GST

GSTR-10

Paid by those persons whose GST registration was canceled or surrendered

GSTR-11

For reimbursement requests from foreign embassies and missions

How can I submit a GST return online?

On the GST site, it is simple to file your GST returns online. You only need to carry out the actions listed below:

Step 1: Go to www.gst.gov.in, the official GST portal, and log in using your credentials.

Step 2: Next, select "Services" from the menu, then select "Returns Dashboard," where you may input the fiscal year and the return filing period in the appropriate fields.

Step 3: Click "Prepare Online" after choosing the type of return you want to file.

Step 4: Click "Save" after providing all required information, including the total and any applicable late fees. You will see a success message on your screen.

Step 5: To finish submitting your return, click the "Submit" button at the bottom of the page.

Step 6: Select "Payment of Tax" if the status of your return changes to "Submitted".

Step 7: To examine the cash and credit balances prior to actually paying the tax, use the "Check Balance" option.

Step 8: You must now input the amount of credit from your account's total available credit that you intend to utilize to pay your tax due. To make the payment, click "Offset Liability" after that. Click "Ok" when you get a confirmation on your screen.

Step 9: Lastly, select an authorized signatory from the list by checking the box next to the statement. using the drop-down menu. Select "File Form with DSC" or "File Form with EVC" and then "Proceed" to send the GST payment.

Penalty for Filing GST Returns Late

A company owner is subject to two different forms of fines if they don't submit their GST returns on time:

Late Cost: After the due date, CGST and SGST late filings are assessed a late fee of $100 per day (a total of $200 per day), up to a maximum late fee of $5,000.

Interest: In addition to the tax that must be paid, the taxpayer is also responsible for paying interest at a rate of 18% annually. From the due date for submitting the return until the payment is made, this interest rate is in effect.

[insurancesamadhan]

What are the different types of Life Insurance frauds in India and how to avoid those?

Insurance Samadhan is regularly getting calls of the customers who have been sold insurance but by fraud. We would like to list down the types of major frauds that customers report to us:

Types of Major Life Insurance Frauds in India

Looking for Loan: You search online for loan and share your number on few websites. You get a call from fraudster posing as bank or financial house employee offering loan. The fraudster offers loan easily and at low interest rates. He convinces you to buy policy and instead of loan EMI pay the premiums. The proceeds of the policy will go for repayment of the loan. For eg you need a loan of 5 lacs for 10 years, they will offer a policy with premium of Rs 50000 for 10 years. This looks easy and affordable. You get into the trap and fill all the forms to buy the policy. They also convince you not to talk about loan in the policy else company will charge commission. So, now you have signed all documents and the verification call is guided, policy gets issued and the now you wait for loan amount to hit the bank account. After 14-15 days when you call the fraudsters and he tell you that the file is stuck as GST needs to be paid. They will sell another policy and if you don’t buy, they will say they are trying to get file cleared. The Freelook period gets over in this follow up for loan and now you have an Insurance Policy. We have seen sometimes they sell 5-6 policies of different companies in lieu of getting the loan. The money is gone!

Bonus on old policy: You receive a call from IGMS/IRDA claiming that there is bonus in one of your old lapsed policy. You remember buying a policy few years back which you did not continue. So, you are convinced that there can be bonus on that policy. They tell you to claim the bonus and the lost money, you need to buy a new policy to take a code and then once the money is transferred to the new policy, you can cancel the same and get your money. Sounds very convincing! This is a trap to get you a new policy as IRDA/ IGMS never calls any customer. The Insurance companies always try to stop these frauds and they do a verification call. They ask you about such offers but the caller told you that if you disclose the insurance company will deduct commission and you believe them. You signed all documents and you agreed to the verification call. The caller asks you to wait for 15-30 days for transfer to be effective and you lose your freelook period. Now you have an Insurance Policy and you feel helpless.

Free Gold Coin: You get a call that Insurance company is offering a special scheme on the Insurance policy. They will offer you Gold coin once you get the policy document. You sign all documents and attend the verification call. Your freelook period is lost in waiting for Gold coin and now instead of gold coin you have an insurance policy.

Free Health Insurance: You are told that you are selected for a free health Insurance with your life Insurance policy. You will be given voucher equal to the premium you have paid and you can use it for your medicines and OPD consultations. Beside this your health insurance policy will cover you for any hospitalisation. You sign the documents, verified call is again guided as you care for your commission.

Also Read: How to report Insurance Fraud?

In all these frauds the root cause is that as customer we surrender to the additional money being offered or benefits. While IRDA and Insurance company are doing all checks to stop such frauds. They call you and explain the product. Most companies are asking if some other benefit besides what has been explained in the call is being offered to check, but we conveniently ignore it and fall in trap of the fraudsters.

Insurance Samadhan is trying to create awareness about insurance as we feel this is the most important protection for your family. In case you have suffered any fraud, we shall be happy to assist you in filing your complaints at the various forums and try to get you the best resolution.

To reach us at InsuranceSamadhan.com –

Call us at – 844 844 0626

Mail us at – corporate@insurancesamadhan.com

Register your insurance complaint here

[startupregistration]

Business Registration in West Bengal

Are you intrested in Company Registration in West Bengal, and then this is the right location for you. There are so many different nature of business entity, which you can form in West Bengal, like Producer Company, Private Limited Company, NGO, Proprietorship Firm, Public Limited Company, Limited Liability Partnership Company, Partnership Company, Section 8 Foundation, Nidhi Company, OPC Pvt Ltd Company, etc. West Bengal is one of the fastly rising State of West Bengal and there are so many clients in West Bengal who has enrolled Firm via FinanceBazaar.com. This time FinanceBazaar is the one of the Best Business registration service provider in West Bengal, you can also view Finance Bazaar reviews on Google. As you know West Bengal is one of the rapidly increasing state in India where you can do your business highly successfully. Firm establishment in West Bengal is not an easy step for every one, because there are various processes that you must required to follow and there are so many legal paper work that you have to fulfill for entirely Firm formation. But you have no need to worry concerning anything, because financebazaar.com is doing online Firm establishment service in West Bengal which client do not need to do anything. client have to submit just documents and Government Fees and Our Chartered Accountant will take care of all. Basically Firm registration formalities takes 7 to 10 working days that every thing depends on your coordination.

On this website you will get Every clarification regarding How to Register Firm in West Bengal

What FBAZAAR will provide

PAN and TAN

MOA and AOA

Digital Signature Certificate (DSC) For All Directors

Certificate of Firm incorporation

Share Certificates

GST Number (If required)

Following details required for Company registration in West Bengal

Company Name: - The Firm name that you required to form will be provided by your side, but there are a lots of conditions for choosing the Business name. You can not use common words and those words that are previously incorporated or trademarked can't be desirable. FBAZAAR Best CA will advise you even in choosing Company name.

Authorized Capital: - Minimum 1 Lakh Authorized amount is mandatory for Firm establishment in West Bengal . You can spread it as per your need. But if you will enlarge authorized capital, more than 10 Lakh, then registration costs will even extend.

Paid-up Capital: - You can open your Business from One Rupee paid-up money in West Bengal and you can extend it as you require, but you should be aware the paid-up money amount forever lower than the Authorized capital.

Number of Directors: - At Least two directors compulsory for Private Limited Firm and only single director for OPC Firm. In Pvt Ltd Firm you can enlarge the number of directors till 15.

Business Activity: - This is an important area of your Company, your business activity will determine the business class in which your Firm name will be incorporated and it will as well quoted in MOA and AOA.

Office address: - The office address where you required to form your Company.

Every Single Directors email id and phone number: - Each director mail address and phone number compulsory for Digital Signature and DIN.

Need Documents for Company incorporation in West Bengal

These are some following papers that you need to submit for Company enrollment in West Bengal:

Aadhar Card/Voter Card/Driving License/Passport of Every Directors

Pan Card of Every Directors

One utility bill (Electricity, Gas, Phone, Water Bill of any name) for office address proof

Updated Bank Statement of Each and Every directors/Any Updated bill for address proof of Every Single directors like Mobile Phone Bill, Gas Bill, Electricity Bill, etc.

Photographs of All directors.

For GST Registration Rent Agreement Between company name and owner of the property where company has registered.

Fees for Firm establishment in West Bengal

Company Registration Charges in West Bengal is roughly Rs 6999/- (Six Thousand Nine Hundred Ninety Nine Rupees Only/-), but it can vary as per your demand. If we discuss about price structure, then in the initial phase 1000 rupees goes to the Government for Company name application and you have two possibilities for your Business name confirmation, if your Business name is unmatched, then it can be permitted in first attempt. If two times your Business name has disavowed, then you need to pay 1000 rupees again to the Gov for re-submit another one name request. After Firm name confirmation you must have to pay Gov registration duties that can be different as per your Authorized capital or state rules. Every states have personal rules including West Bengal concerning registration duty for Firm incorporation. If you required two directors in your Firm, then estimated 500 Rupees Every Single director Fees for Digital Signature Certificate Token, if directors will increase, then the Digital Signature Fees will also increase consequently. PAN & TAN Charges also collect by Government that will not be vary. And last one our professional fees includes for doing and preparation all documents, paper burden and other procedures.

FinanceBazaar provides Such services in West Bengal

Private Limited Compliance

Income Tax Return Filing

DIN Activation

LLP Annual Compliance Service

Society Registration

MSME Udyog Aadhaar Registration

Copyright Registration

Director KYC Verification

Public Limited Company Compliances

Nidhi Company Compliances

Close or Winding Up Of a Company

Producer Company Compliances

Company Registration

Trademark Registration

Startup India Registration

One Person Company Compliances

Change Company Name

Section 8 Foundation Registration

12A 80G Registration

Commencement of Business Certificate

Chartered Accountant Consultation

Import Export Code | IEC Certification

Change Company Address or Registered Office

Trust Registration

Digital Signature Certificate

LLP Registration

FCRA Registration

GST Return Filing

Nidhi Company Registration

Sole Proprietor Registration

Partnership Firm Registration

GST Surrender

GST Registration

One Person Company Registration

Producer Company Registration

Section 8 Company Compliances

Change, Add or Remove Company Director

Food License (FSSAI) Registration

Public Limited Company Registration

ISO Certification

Private Limited Company Registration

NGO Compliances

NGO Registration

Finance Bazaar offering Every services all over in India as well as West Bengal in Each places like Barasat, Uluberia, South 24 Parganas, Howrah, Maldah, North 24 Parganas, Baranagar, Adra, Paschim Medinipur, Durgapur, Asansol, Taki, Darjeeling, Monoharpur, Gopalpur, Purulia, Malda, Paschim Punropara, Madhyamgram, English Bazar, Mathabhanga, Raghunathpur, Arambagh, Jalpaiguri, Sainthia, Hooghly, Alipurduar, Kulti, Haldia, Maheshtala, Hugli, Tamluk, Siliguri, Suri, Bidhan Nagar, Pandua, Uttar Dinajpur, Naihati, Cooch Behar, Kharagpur, Murshidabad, Purba Bardhaman, Bankura, Purba Medinipur, South Dumdum, Raiganj, Tarakeswar, Baharampur, Bally, Panihati, Birbhum, Bhatpara, Nadia, Gangarampur, Kamarhati, Panchla, Kolkata, Dakshin Dinajpur, Memari, Paschim Bardhaman, Mainaguri, Srirampore, Jhargram, Medinipur, West Bengal, North Dumdum, Kalimpong, Sonamukhi, Serampore, Bardhaman, Rampurhat, Rajpur Sonarpur, Chandpara, etc.

You can also search for

Net Speed Online Every Taluka Postal Code List of West Bengal Every Company registered in West Bengal List of Total LLP Company Registered in West Bengal Saerch Company Saerch Limited Liability Partnership Company Hdfc Ifsc Code Search Hdfc Bank Branch Address Pin Code In My Location

[leobellicose]

GOODS AND SERVICES TAX (GST)

GOODS AND SERVICES TAX (GST)

1. Najib’s apologists have tried very hard to justify the GST. The Government collects more than forty-billion Ringgit from GST last year. And more will be collected in the coming years.

2. Unlike income tax, GST is not based on profits. Even when no profits are made or losses incurred the 6% GST must still be paid. It adds to the cost of doing business.

3. The G.T is paid up front. Naturally businessmen will pass on the tax to the consumers. The price of goods and services will have to be raised and this results in inflation. The cost of living would go up. And it has.

4. Effectively the GST is paid by everyone. Even a baby consuming milk would be taxed.

5. Some items might be taxed twice as GST is collected with each transaction. The Government promises to reimburse the tax paid if it is shown that the tax has been paid twice. But this is a slow process and may take months or years. The rebate will not be passed on to the consumers.

6. The reasons why Najib’s Government does not have enough money is because of his abuses in the management of Government funds to gain popularity for himself.

7. BR1M for example costs the Government seven billion Ringgit or more a year. Then there are other handouts such as RM300 for fishermen, RM800 for party members who are chairman of JKKK (Village Development Committee), thousands for Hajj Pilgrims, pensions for retirees not eligible for pension, etc.

8. The emoluments for civil servants have been revised frequently, sometimes by 25%. In addition the number of Government employees has increased to 1,600,000 from the 1 million in the 1980s. This will cause the salary bill to double or more.

9. The increase in minimum wage increases the salaries of all workers at all levels in the Government as well as the private sector. From about RM700, minimum wage has increased to RM1,200 – almost double. When the minimum wage is increased those already receiving more than the new minimum must be increased also. This is in order to sustain parity between different levels or ranks of the employees.

10. Najib also sets up numerous extra Governmental organisations. PEMANDU is a good example where huge salaries, well above the Government’s pay scale are paid to the heads and the staff. New posts are also created in and outside the Government which do not conform to Government’s salary scale. How much they are paid is not known.

11. All these people who financially benefit from Najib’s largesse may be happy. But actually, the increases in their income benefits them very little. This is because the increases of their pay invariably cause a rise in the cost of living. In other words, the increase in pay does not increase the purchasing power.

12. It is not how much one is paid that is important. What really matters is one’s purchasing power. When cost of goods and services increases the extra income that one gets is quite meaningless.

13. We all know of countries where the pay is in millions but they are all poor because of the depreciation in purchasing power of their money. A country can fail and become bankrupt where workers are paid thousands or even millions every month.

14. During Najib’s premiership crude oil sometimes sold at USD130 per barrel. Petronas paid billions to the Government when petroleum prices were high. Now oil prices have come down to USD50 per barrel. Even then it is higher than during the 80s and 90s when oil was selling at less than USD30 per barrel. So at USD50 Government oil profits and taxes would still be much more than in those years of low oil price.

15. The same goes for profits made by banks and large businesses. It is not unusual to see them make billions of Ringgit in profits p.a. And accordingly the Government must receive much more money by way of petroleum profits and taxes and corporate taxes even today.

16. For all these reasons the Government of today must collect more than was collected in the 80s and 90s. But the Government claims it had to introduce the G.S.T because it is short of funds.

17. The truth is that Najib’s regime is abusing Government revenue by spending huge sums to get popular support for Najib.

18. One of the highest contributor to the shortage of fund is the loans taken by Najib. There is a ceiling to the loans that the Government can raise. But Najib resorted to borrowing by a Government company – the 1MDB, which is not limited by Government rules.

19. Although 1MDB is not a part of the Government, the fact is that it is 100% owned by the Government. This means that if the loan is not serviced or repaid, the Government will have to pay the loans and interest.

20. And so when 1MDB lost money, Government had to take over the company and pay the interest and the loan.

21. It is the same with the 55 billion Ringgit for the east coast Railway. Altogether it is estimated that Najib has borrowed almost 200 billion Ringgit. Some of the loans carry interest rates of 6%.

22. Assuming the average interest rate is 3%, the Government will have to pay 6 billion yearly in interest alone. Paying the principal will cost more billions. It may take two generations to settle all the loans.

23. For servicing and repayment of the loans Najib has resorted to buying Government land at a low price, revaluing it and selling the land at inflated prices.

24. For land at TRX (Tun Razak Exchange) 1MDB paid only RM60/- psf to the Government. It was sold at RM3,500/- psf to Tabung Haji. So the savings of poor people for performing the Hajj have given 1MDB very high returns.

25. The Airforce base at Sungei Besi was also sold by Najib, as were land in Melaka and Pahang.

26. Still the money raised through these land sales will not be able to service and repay loans. So money from normal Government revenue must be used. There will not be enough money in the Consolidated Fund. The next source would be to tax the people. And so the GST.

27. It is true that KWSP, with billions of Ringgit, will have difficulty in investing within the country. It should invest in good foreign companies. But the decision to invest in any company should be based on business considerations. It should not be influenced by political imperatives.

28. But clearly the KWSP is being forced to invest in the United States to please Trump and Najib’s need to have pictures of himself with Trump to show that what the American Department of Justice says about him is not true. But the DoJ has not stopped the investigation on Najib’s involvement in money laundering in the U.S.

29. If the Government wants to reduce the huge deficits every year, what is needed is to get rid of the belief that money can buy popularity. It cannot. It has only made the Government and Najib more unpopular.

30. All those things which increase the cost of governance should be dropped. The 1MDB money can be recovered as we know where the money is. Najib will not do this as it means surrendering all the money he has taken. Rosmah Mansor, Jho Low and Riza Aziz and others who has got the stolen money must also surrender. Najib cannot get the money frozen by the Governments of Singapore, the U.S. and Switzerland. There must also be quite a lot in the U.K. as well. The frozen money will not be returned until Najib who stole it is no longer the head of the Malaysian Government.

31. BR1M should be converted to unemployment benefit for the hardcore poor. Most of the present recipients can afford to do without BR1M. The actual amount of support for hard core poor should be raised and paid every month, not once a year.

32. The waters surrounding Malaysia should be patrolled by the Malaysian police, the Maritime Agency and the Malaysian Navy to prevent foreign fishermen from intruding into our territorial waters. With this the Malaysian fishermen would catch more fish and earn higher incomes. The RM300 allowance can be stopped.

33. Various other allowances to all and sundry should be revised or stopped.

34. Pay increases for Government servants should not be accompanied with inflation. There are ways of doing this.

35. If the Government is prudent in the management of Government funds, there should be no shortages. The need for new taxes can be avoided.

36. The GST is really not necessary for Malaysia. It can be abolished without affecting the revenues of the Government and without creating a burden for the people.

Tun Dr Mahathir Mohamad Former Malaysian premier

The post GOODS AND SERVICES TAX (GST) appeared first on Portal Islam dan Melayu.

Credit kepada admin sumber asal Artikel Portal Islam dan Melayu di GOODS AND SERVICES TAX (GST) via Blogger http://sayupgema.blogspot.com/2017/10/goods-and-services-tax-gst.html

[goaishwakirti]

Information Of Surrender of GST Registration

What is Surrender of GST Registration?

Most persons or entities who supply goods and/or services in India have a GST registration. After obtaining GST registration, sometimes a GST registration may need to be cancelled. Some of the most common reasons for cancellation of GST registration are closure of business, no requirement to pay GST, transfer of business, change in constitution and no business activity. Surrendering a GST registration will reduce the compliance requirement for the taxpayer, as GST returns would not longer have to be filed monthly. To cancel a GST registration, application must be submitted on the GST Common Portal in FORM GST REG-16 along with the required information. On submission of an application for cancellation of GST registration, the GST officer is required to verify the application and issue an order in FORM GST REG-19, within 30 days from the date of application.

 What is cancellation of GST registration by Proper officer:

The registration can be cancelled by proper officer, if the taxpayer-

·        have contravened prescribed provisions and rules of the Act.

·        being a Composition taxpayer failed to furnish returns for three consecutive tax periods.

·        being a Normal taxpayer failed to furnish returns for a continuous period of six months.

·        had opted for voluntary registration but failed to do business within six months from the date of registration.

·        had obtained registration by means of fraud, willful misstatement or suppression of facts.

 What is revocation of cancellation of GST Registration?

The GST Act is very comprehensive and covers various situations a taxpayer may face with provision and procedures. In this article, we look at the procedure for revocation of GST registration cancellation order along with the applicable forms. The provision for revocation are contained under rule 23 of the CGST Rules, 2017. Note: Revocation of GST registration can be initiated if a GST registration certificate has been cancelled by GST authorities.

 What are the types of Cancellation of Registration?

While a taxpayer can opt to cancel registration himself, a Proper Officer can is also authorised to do so. The provisions related to this are covered in section 29(1) of CGST Act 2017.

·        Cancellation of GST registration by a registered person (or his legal heirs)

·        Cancellation of GST registration by the Proper Officer

 What is Voluntary Cancellation of GST Registration?

You cannot simply cancel your registration for any reason. You can opt can opt for cancellation of registration for the following reasons:

·        If the business of Registered Person has been discontinued.

·        If the Registered business has been sold or transferred to some other entity, such other entity needs to register under GST.

·        If the person or business is no longer liable for GST registration (Migrated GST Persons can cancel registration if their supply is exempted or turnover is less than threshold exemption limit).

In case of voluntary registration (taken despite not being liable for), no cancellation is allowed until the expiry of one year from the effective date of registration.

Apply Now @ https://www.gstregistrationonline.org/surrender-gst

Visit For More Information @

For GST Registration & GST Amendments

Phone No. +91 91122 55597

Email : support@gstregistrationonline.org

Website: www.gstregistrationonline.org.

 For GST Compliance & GST Surrender

Phone No. +91 91122 11467

Email : returns@gstregistrationonline.org

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GST Registration Surrender or Cancellation– Complete Process

Easily surrender or cancel a GST registration online with Expert support. Dedicated expert Advice on cancellation of gst registration.

Phone No. +91 91122 55597

Email : support@gstregistrationonline.org

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Information About E-way Bill

What is E-way Bill under GST?

EWay Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot transport goods in a vehicle whose value exceeds ₹ 50,000 (Single Invoice/bill/delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in Alternatively, Eway bill can also be generated or cancelled through SMS, Android App and by site-to-site integration through API.

When aneway bill is generated, a unique Eway Bill Number (EBN) is allocated and is available to the supplier, recipient, and the transporter.

 What is an e-way bill?

e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding fifty thousand rupees as mandated by the Government in terms of Section 68 of the Goods and Services Tax Act read with Rule 138 of the rules framed thereunder. It is generated from the GST Common Portal for eWay bill system by the registered persons or transporters who cause movement of goods of consignment before commencement of such movement.

 Who should Generate an eWay Bill?

Registered Person – E-Way bill must be generated when there is a movement of goods of more than Rs 50,000 in value to or from a Registered Person. A Registered person or the transporter may choose to generate and carry E-way bill even if the value of goods is less than Rs 50,000.

Unregistered Persons – Unregistered persons are also required to generate e-Way Bill. However, where a supply is made by an unregistered person to a registered person, the receiver will have to ensure all the compliances are met as if they were the supplier.

Transporter – Transporters carrying goods by road, air, rail, etc. also need to generate e-Way Bill if the supplier has not generated an e-Way Bill.

 What is TRANSIN or Transporter ID?

TRANSIN or Transporter id is 15 digit unique number generated by EWB system for unregistered transporter, once he enrolls on the systemwhichissimilar to GSTIN format and is based on state code, PAN and Check sumdigit. This TRANSIN or Transporter id can be shared by transporterwithhis clients, who may enter this number while generating e-waybills for assigning goods to him for transportation.

 Why the transporter needs to enroll on the e-way bill system?

There may be some transporters, who are not registered under the Goods and Services Tax Act,but such transporters cause the movement of goods for their clients. They need to enroll on the e-way bill portal to get 15 digit Unique Transporter Id.

 How does the unregistered transporter get his unique id or transporter id?

The transporter is required to provide the essential information for enrolment on the EWB portal. The transporter idis created by the EWB system after furnishing the requisite information. The details of information to be furnished is available in the user manual.

Apply Now @ https://www.gstregistrationonline.org/eway-bill

For More Information visit us @

For GST Registration & GST Amendments

Phone No. +91 91122 55597

Email : support@gstregistrationonline.org

Website: http://www.gstregistrationonline.org.

 For GST Compliance & GST Surrender

Phone No. +91 91122 11467

Email : returns@gstregistrationonline.org