India, Oct. 9 -- The Government of India has issued a release:
GST in Numbers: Wider Reach, Scale and Collections
The proposals of the GST Council seek to create a more predictable and taxpayer-friendly GST registration framework. They are intended to support smoother business operations and encourage wider participation in the formal economy.
What is Input Tax Credit?
Automatic Acceptance
What is Principal Place of Business?
Registration Cancellation Process
Phase 1
The cancellation applications would be accepted automatically after pending returns are filed and all dues are paid.
Phase 2
All the applications for cancellation of registration will be accepted automatically by the system, once all pending returns are filed and all ...