Goods and Service Tax, which is popularly known as GST. It is
basically an indirect tax. Goods and Service Act came on 1st July 2017. This
tax is levied upon the supply of goods and services. It is in the form of
indirect tax which has replaced many indirect taxes like excise duty, service
taxes, VAT, etc. The Goods and Service Tax is
the one and only domestic indirect tax law in India. GST in India is quite
comprehensive, destination-based tax and multistage tax which is levied on
every value addition.
The validity of each GST Registration
Certificate depends on the type of taxpayer who obtains the certification. The
certificate is valid for the full period after it is provided to a regular
taxpayer. It only becomes null and void in these circumstances if the taxpayer
turns it in or the GST authority cancels it. Nevertheless, the validity of
certificates issued to Non-Resident Indian (NRI) taxpayers or casual taxpayers
is only good for ninety days from the date of registration, or for the duration
specified in the registration application, whichever comes first.
"View More Information about https://blogs.24efiling.com/gst-registration/
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