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Can I claim GST on a car purchase?

GST on a car purchase can be claimed only if used for business like taxi services, driving schools, or rentals. Ensure compliance with GST registration in Chennai.

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Who is eligible for ITC in GST?

Businesses with GST registration in Chennai can claim ITC on purchases used for taxable supplies, provided they have valid invoices and GST-paid inputs.

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What is GST reversal?

GST reversal means repaying input tax credit (ITC) if conditions aren’t met, like using inputs for exempt supplies. Ensure compliance with GST registration in Chennai.

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What is the meaning of nil return in GST?

The Goods and Services Tax (GST) system in India mandates businesses to file regular GST returns, even if there is no business activity during a particular tax period. A Nil Return in GST refers to a return that is filed when a taxpayer has no sales, purchases, or tax liabilities for a given period. This ensures compliance and avoids penalties for non-filing.

For businesses in Tamil Nadu, opting for GST registration in Coimbatore ensures smooth tax compliance, including the filing of Nil returns when required.

Who Needs to File a Nil GST Return?

A Nil GST return is required to be filed by:

Registered Businesses with No Transactions: If a business has obtained GST registration but has not conducted any sales or purchases in a particular tax period, it must still file a Nil return.

Composition Scheme Dealers: If a composition scheme taxpayer has no business activity during a quarter, they must file a nil return.

Newly Registered Businesses: If a newly registered GST taxpayer has not yet started business operations, they must file Nil returns until transactions begin.

Inactive Taxpayers: Businesses that are temporarily inactive but have not canceled their GST registration must continue filing Nil returns.

For easy tax compliance, businesses can choose online GST registration in Coimbatore and benefit from professional assistance in return filing.

How to File a Nil Return in GST?

Filing a Nil GST return is a straightforward online process. Here’s how businesses can do it:

Log in to the GST Portal – Visit portal and log in using your credentials.

Select the Relevant GST Return Form – Choose GSTR-1 (for outward supplies) or GSTR-3B (summary return) based on the filing requirement.

Declare No Transactions – If there are no sales, purchases, or tax liabilities, confirm that the return is Nil.

Submit & File the Return – Validate the information and submit it using a Digital Signature Certificate (DSC) or an Electronic Verification Code (EVC).

Download Acknowledgment – After successful filing, download the acknowledgment for record-keeping.

Businesses that have completed GST registration in Coimbatore can use online portals or professional services for hassle-free return filing.

Consequences of Not Filing a Nil Return

Even if a business has no transactions, failing to file a Nil GST return can lead to:

Late Fees & Penalties – A late fee of ₹20 per day (₹10 for CGST & ₹10 for SGST) applies until the return is filed.

Blocking of E-Way Bill Generation – Businesses may not be able to generate e-way bills if they miss filing returns for consecutive periods.

GSTIN Suspension or Cancellation – Repeated non-filing of returns can result in cancellation of GST registration.

To avoid such issues, taxpayers should opt for online GST registration in Coimbatore and ensure timely Nil return filing.

Conclusion

A Nil return in GST is filed when a business has no transactions during a tax period. Even if there is no business activity, filing GST returns is mandatory to avoid penalties. For businesses in Tamil Nadu, opting for GST registration in Coimbatore and seeking professional support for Nil return filing ensures smooth GST compliance.

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Do non-profit organizations pay GST?

Goods and Services Tax (GST) is a comprehensive tax levied on the supply of goods and services in India. While businesses are generally required to register for GST and comply with tax regulations, many non-profit organizations (NPOs) wonder whether they are liable to pay GST. This article explores whether non-profits need GST registration and under what circumstances they are taxed.

Are Non-Profit Organizations Required to Register for GST?

Non-profit organizations (NPOs), including trusts, societies, and charitable institutions, are not automatically exempt from GST. Their liability depends on the nature of their activities and the type of income they generate.

If an NPO is engaged in the supply of goods or services and its annual turnover exceeds the prescribed threshold of ₹40 lakh (for goods) or ₹20 lakh (for services), GST registration is required. For organizations in special category states, the threshold is lower at ₹20 lakh for goods and ₹10 lakh for services.

If your non-profit operates in Tamil Nadu, opting for GST registration in Coimbatore ensures compliance with tax laws.

When Do Non-Profits Have to Pay GST?

Non-profits must pay GST in the following cases:

Commercial Activities: If an NPO provides services or sells goods for a fee, GST applies. For example, if a charitable trust sells handmade products to raise funds, GST is applicable.

Sponsorship & Advertisements: If an NGO receives sponsorship or earns revenue through advertisements, GST is levied.

Paid Events & Workshops: If an NPO organizes training sessions, workshops, or ticketed events for a fee, GST is chargeable.

Services to Businesses: If a non-profit provides services to companies (e.g., consultancy, CSR-related projects), GST registration is mandatory.

For smooth compliance, choosing online GST registration in Coimbatore helps NPOs fulfill their tax obligations.

When Are Non-Profits Exempt from GST?

Non-profit organizations can claim GST exemption in the following cases:

Charitable Activities: Services directly related to education, healthcare, or public welfare may be exempt.

Donations & Grants: If an NPO receives funds as pure donations without any service in return, GST does not apply.

Government-Approved Exemptions: Some NGOs registered under Section 12AA of the Income Tax Act may receive GST exemptions on specific activities.

How to Get GST Registration for Non-Profits?

If your NPO is liable to pay GST, here’s how to register:

Collect Required Documents – PAN, trust registration certificate, bank details, and address proof.

File Application on GST Portal – Submit the details online.

Receive GSTIN – After verification, the organization gets a unique GST Identification Number (GSTIN).

For seamless registration, opting for GST registration in Coimbatore through expert services ensures accuracy and compliance.

Conclusion

Non-profits are not automatically exempt from GST. If they engage in commercial activities, sponsorships, or charge fees for services, GST applies. To ensure compliance, non-profits can opt for online GST registration in Coimbatore and follow necessary tax regulations.

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What is the limit of OPC?

The turnover limit for OPC is ₹2 crores, and paid-up capital should not exceed ₹50 lakhs. Get OPC registration in Coimbatore with expert assistance!

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What is the minimum capital stock of OPC?

There is no minimum capital stock required for OPC registration. Get hassle-free OPC registration in Coimbatore with expert consultants today!

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What is the Authorised capital for OPC?

The authorised capital for an OPC is the maximum share capital a company can issue. Get OPC registration in Coimbatore with expert guidance today!

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What is the GST limit for small business?

Goods and Services Tax (GST) is a mandatory tax system in India, applicable to businesses based on their annual turnover. However, small businesses enjoy a threshold exemption limit, allowing them to operate without GST registration in Coimbatore if their revenue falls below a certain level. With online GST registration in Coimbatore, small businesses can easily comply with tax regulations if required.

GST Exemption Limit for Small Businesses

The GST registration limit varies based on business type and location.

1. For Goods Suppliers (Traders & Manufacturers)

₹40 lakh – If operating in regular states like Tamil Nadu, Karnataka, Maharashtra, etc.

₹20 lakh – If located in special category states like Himachal Pradesh, Uttarakhand, and the North-Eastern states.

2. For Service Providers

₹20 lakh – For businesses in normal states.

₹10 lakh – For businesses in special category states.

If a business’s annual turnover remains below these thresholds, GST registration in Coimbatore online is not mandatory unless it falls under specific GST requirements.

Who Must Register for GST Regardless of Turnover?

Even if a business is below the GST exemption limit, certain businesses must register for GST under specific conditions:

Interstate Business Transactions

Businesses supplying goods or services across state borders must register under GST, regardless of turnover.

E-commerce Sellers

Businesses selling on platforms like Amazon, Flipkart, or their own e-commerce websites must register for GST.

Casual Taxable Persons

Individuals who occasionally supply goods or services in different states must obtain GST registration.

Businesses Under Reverse Charge Mechanism (RCM)

If a business falls under RCM, where the recipient must pay GST instead of the supplier, GST registration is required.

Voluntary GST Registration

Small businesses may opt for online GST registration in Coimbatore voluntarily to avail of input tax credit benefits and gain credibility.

Composition Scheme for Small Businesses

The Composition Scheme allows small businesses to pay GST at a lower fixed rate without filing monthly returns. It is beneficial for businesses with turnover:

₹1.5 crore or below for goods suppliers (₹75 lakh for special category states).

₹50 lakh or below for service providers.

Under this scheme:

Traders & manufacturers pay 1% GST

Restaurants pay 5% GST

Service providers pay 6% GST

However, businesses in the Composition Scheme cannot claim input tax credit (ITC).

Conclusion

The GST registration limit for small businesses depends on their turnover and type of business. While businesses below ₹40 lakh (for goods) and ₹20 lakh (for services) are generally exempt, those involved in interstate trade, e-commerce, or RCM must register. With GST registration in Coimbatore online, small businesses can easily comply with GST rules and operate legally. If unsure, consulting experts for GST registration in Coimbatore can ensure hassle-free compliance.

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Who is not required to register under GST?

Goods and Services Tax (GST) is a unified tax system in India that mandates businesses to register if their turnover exceeds a specific threshold. However, not all businesses or individuals are required to obtain GST registration. Understanding the exemptions is crucial for compliance and avoiding unnecessary registration. If you're looking for GST registration in Coimbatore, it's essential to know whether you fall under the mandatory category. With online GST registration in Coimbatore, businesses can conveniently apply for GSTIN without hassle.

Who is Exempt from GST Registration?

1. Businesses below the GST Turnover Threshold

The GST registration threshold depends on the type of business and location:

For goods-based businesses:

₹40 lakhs for normal states

₹20 lakhs for special category states (like Himachal Pradesh, Uttarakhand, and the North-Eastern states)

For service providers:

₹20 lakhs for normal states

₹10 lakhs for special category states

If a business’s turnover is below these limits, GST registration is not mandatory unless they voluntarily opt for it.

2. Agriculturists

Farmers and agriculturists engaged in cultivation and supply of produce are exempt from GST registration. However, if they engage in additional processing or manufacturing beyond agricultural produce, they may need to register.

3. Employees and Salaried Individuals

Income from salary or wages is not subject to GST. Thus, salaried individuals, freelancers offering employment services, and wage earners do not need GST registration. However, freelancers providing taxable services may need to register if their earnings exceed ₹20 lakh (₹10 lakh in special states).

4. Businesses Dealing in Exempted Goods and Services

Entities engaged in the supply of GST-exempt goods and services do not require registration. Some examples include:

Fresh fruits, vegetables, milk, and food grains

Educational services

Healthcare services

Petroleum products and alcohol (which are taxed under state laws)

Even if the turnover exceeds the threshold, GST registration is not required if all supplies are exempt.

5. Individuals Selling Goods or Services Within the Same State (Not Through E-commerce)

GST registration is compulsory for businesses making interstate sales. However, businesses selling goods or services only within the same state (intrastate supply) are exempt from GST registration unless their turnover exceeds the prescribed threshold.

6. Casual and Non-Taxable Persons

A casual taxable person is someone who occasionally supplies goods or services without a fixed business place. While casual traders must register temporarily under GST, individuals providing non-taxable services like hobby artists or small local vendors may not need GST registration.

Conclusion

If your business falls into any of these exempted categories, you may not need to register for GST. However, voluntary registration is possible to avail input tax credit benefits and business credibility. If you’re unsure about your GST obligations, professional assistance for GST registration in Coimbatore online can help determine your tax liability. With online GST registration in Coimbatore, businesses can complete the registration process effortlessly and stay compliant with GST laws.

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How do I get a logo license?

Online Logo registration in Bangalore grants exclusive rights to your logo, preventing infringement. Apply with the Trademark Office and pay the fee for protection.

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How many days for trademark registration?

Online Trademark registration in Bangalore takes 18-24 months if no objections arise. However, the application number is issued within 1-2 days of filing.

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What is class 35 in trademarks?

Class 35 includes business management, admin, marketing, and promotions but excludes goods sales. Get trademark registration in Bangalore for protection.

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Can I sell online without trademark?

Yes, you can sell online without a trademark, but registering protects your brand. Get trademark registration in Bangalore for legal security and exclusivity.

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How do I get a trademark certificate online?

To find a trademark certificate in India, visit the IP India website. Go to the "Trademark" section, use the "Trade Mark Status" tool, & enter the application number to check status and certificate details after trademark registration in Bangalore.

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What is the tax audit limit for OPC?

OPC tax audit limit: ₹1 Cr turnover (₹10 Cr if 95% transactions are digital).

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What is the tax rate for OPC?

OPC tax rate in India: 25% for income up to ₹1 Cr, 30% beyond ₹1 Cr, plus surcharge & cess.