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A company's outgoing supplies are disclosed on the GSTR 1 monthly return. If a transaction for the delivery of goods has been made, the recipient of that supply must be real. It basically functions as a return that details all of a business's sales transactions.
From 18th July 2022, customers will be required to pay 5% GST on pre-packaged, labelled foods including atta, paneer, and curd as well as hospital rooms with a monthly cost of more than Rs 5,000.
Finance ministers' group that was trying to include online gambling and casinos in the GST resolved to finish its report by August 10. GoM met virtually on Tuesday to explore different strategies for taxing casinos, horse racing, and internet gambling.
Tour operators and travel agencies now have to register under the Goods and Services Tax. The process can be done online through the help of various sites.
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The first step for a non-resident taxable person who wants to open a business in India is to register under the Goods and Services Tax. NRIs need to fill out the GST REG-09 form to apply for GST registration.
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