Bashmakh & Co (Chartered Accountant)

  The GST registration is mandatory to every person/business with an annual turnover of 20 lakhs or more and the person making the inter-state transactions of taxable goods/service however the person who is already registered can opt for GST Cancellation also in given scenarios: 1. If the annual turnover of the business falls under the threshold limit. 2. If the person discontinued the business. 3. If there is a change in the constitution of business. 4. If the person has transferred or merged the business with any other organization. For the cancellation, taxpayers have to submit FORM GST REG-29 through the GST portal. When the application of cancellation is approved by the proper officer then the registered person has to file the final return GSTR- 10 on GST portal within three months of the date of cancellation or date of order of cancellation by the officer whichever is later. Learn More 4. If the person has transferred or merged the business with any other organization.

  A Guidance Tour to Cross Charge In this article/blog, we will learn important aspects of GST which is a Goods and Service Tax charged on the supply of Goods and Services. These important aspects are cross charge and GST implications. What is the meaning of Cross Charge? Basically, we have to pay GST on the supply which is base on assumption or we can say GST is to be paid on deemed Supply of service, and such service is deemed to be taking  place between the employee of Head office and that of the branch office. Read More Information:-  A Guidance Tour to Cross Charge