Complete Guide to Non-Resident Taxable Persons (NRTP) Under GST: Registration, Compliance, and Reverse Charge Mechanism
What is a Non-Resident Taxable Person (NRTP)? A Non-Resident Taxable Person (NRTP) is an individual or business entity that occasionally undertakes transactions involving the supply of goods or services in India but does not have a fixed place of business within the country. NRTPs are required to comply with GST regulations even if they do […]
GST Simplified: Step-by-Step Guide to Vertical Registrations, UINs, and Deemed Registration
Deemed Registration Procedure: Detailed Steps, Forms, and Timeframe Deemed registration occurs when a person is required to be registered under GST but fails to apply for registration themselves. In such cases, the authorities may initiate registration on their own. Here’s a comprehensive guide to the deemed registration procedure, including forms and expected timeframes: Triggering of […]
UNDERSTANDING GST: A COMPREHENSIVE GUIDE
The Goods and Services Tax (GST) is a transformative fiscal reform that India adopted on July 1, 2017. It replaced a multitude of cascading taxes levied by the central and state governments with a single, comprehensive tax, aiming to create a more seamless national market and stimulate economic growth. What is GST? GST is a […]
A Step-by-Step Guide for Casual Taxable Persons (CTP) under GST
The GST registration procedure for Casual Taxable Persons (CTP) and Non-Resident Taxable Persons (NRTP) involves several specific steps, forms, and requirements. Here’s a detailed guide on the procedure, including forms, advance tax payment, and expected timeframes: What is a Casual Taxable Person (CTP)? A Casual Taxable Person is someone who occasionally undertakes business transactions involving […]