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One Person Companies must obtain GST Registration if they match the qualifying criteria outlined in the GST Rules and Regulations. This post will go through the essentials of GST Registration for a One Person Company in India.
If the department cancels the Goods & Service Tax registration, there is an option for reversal of the cancellation of the concerned registration. When a person cancels their registration, they must file a return known as the last return.
According to the GST Act of 2017, businesses engaging in intrastate sales of goods with a combined annual turnover of more than Rs. 40 lakhs or intrastate sales of services with a combined annual turnover of more than Rs. 20 lakhs are required to register for GST.
This article covers every aspect of the fifth phase of e-invoicing, including its applicability, business process changes, available e-invoice generation methods, and solutions for these companies, including e-Invoicing.
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