Table of Contents
What is a GST scam?
These firms used to avail and pass on inadmissible input tax credit (ITC) through bogus Goods and Services Tax (GST) invoices without actual movement of goods, the ministry added. …
How can you tell if a GST invoice is real?
How to verify the GSTIN entered on a GST invoice to check whether it is genuine or fake?
- Step 1: Go to https://www.gst.gov.in and click on ‘Search Taxpayer’ and ‘Search by GSTIN/UIN’
- Step 2: Input the GSTIN and then click ‘Search’.
How do I avail GST benefits?
Input tax credit cannot be taken on purchase invoices which are more than one year old. Period is calculated from the date of the tax invoice. Since GST is charged on both goods and services, input credit can be availed on both goods and services (except those which are on the exempted/negative list).
Can Iphone take GST input?
GST is applicable on all mobile phones whether it is a smartphone or a feature phone, without exemption. For example: If Mr X purchases a mobile phone from a dealer located in the same state/Union Territory, he will have to pay CGST at 9\% and SGST at 9\%.
Can GST number be misused?
If any person finds that his/her PAN (Permanent Account Number) has been misused, he/she can register a complaint on the GST portal and report the GSTIN which is fraudulently obtained using the PAN.
Can you withdraw GST credit?
As per Section 54(3) of the CGST Act, 2017, a registered person may claim refund of unutilised input tax credit at the end of any tax period. A tax period is the period for which return is required to be furnished. Thus, a taxpayer can claim refund of unutilised ITC on monthly basis.
How do I know if my GST number is real?
The GST portal: Go to https://www.gst.gov.in/ On the homepage, click on the dropdown of the “Search Taxpayers” Click on Search by “GSTIN/UIN” Enter the GST Number provided on the invoice in the search tab.
Who can apply for GST refund?
Any taxpayer can file a refund claim in form RFD-01 under GST on the GST portal. RFD-01A refers to the offline application of refund that is no longer in use. A refund will be issued only when the refund exceeds Rs. 1,000 in value.
How do I claim GST refund?
To claim GST refund, a business must file a refund application on GST portal in form RFD 01 within two years from the relevant date. If the claim is in order, the applicant will receive an acknowledgment in form GST RFD 02 as well as an email and a mobile text, which specifies the date of filing the claim.
What can you do with GST number?
Advantages of GST Registration Goods can be sold online. Goods can be sold across the country. GST registration acts as valid proof as it is a legal entity registration. Input tax credit can be availed when any goods or services are being purchased.