GST | Perfect Filing

Consent Letter Format for GST registraion

PerfectFiling — Wed, 21 Sep 2022 06:29:40 +0000

Consent Letter means the place of business is a rented premise or the taxpayer uses the premises of a relative. The owner of the premises must sign the consent letter.

If the premises are rented, then a valid rent/lease agreement is to be uploaded. If it’s neither owned nor rented, then such taxpayers are required to submit a consent letter at the time of upload of their proof of place of business.

Format of a consent letter

format of consent letter

CONSENT LETTER

TO WHOMSOEVER IT MAY CONCERN

This is to certify that I ……………………..(Name of the owner), owner of the property …………………………………………………. (Principal address) have permitted and allowed …………………………. (Name of the Proprietor) for operating and conducting their business from the ADDRESS MENTIONED ABOVE.

I further state that I have no objection if …………………………. (Name of the proprietor) uses the address of the said premises as their mailing address.

This is no objection certificate issued to obtain registration under GST.

Owner of the property

Sd/-

(Name of the owner)

Date: …….……….

Place: …………….

FAQ on basis of Consent Letter:

Question1: Is the trade name of the proprietor needed in the consent letter?

Answer: No, the trade name of the sole proprietor is not required to be mentioned in the consent letter.

Question 2: What type of stamp paper is required for GST registration NOC?

Answer: Not all of the applicants need to submit the NOC on stamp paper. They can use normal paper. Only if the jurisdictional officer insists on submitting it on the stamp paper, they can go for it.

Question 3: Why is NOC required for GST registration?

Answer: NOC or consent letter is needed for GST registration of such taxpayers who are neither doing business on their own premises nor doing business in rented premises. e.g. Mr. Ram is staying with his parents in their own flat. He starts his practice as a chartered accountant and wants to obtain GST registration. He does not have any other place of business as he works from home. In this case, he must obtain the signed consent letter from his parents.

Question 4: How do I write a business consent letter?

Answer: You can download the consent letter format provided in the above section, and fill up the details of the owner and your business. Thereafter, obtain their signature.

Question 5: Does a rent agreement need to be notarized for GST registration?

Answer: No, you do not need to notarized the consent letter unless insisted so by the jurisdictional officer who is processing your GST registration application.

Question 6: What is Consent Letter?

Answer: Consent Letter means the place of business is a rented premise or the taxpayer uses the premises of a relative.

Question 7: Who must sign the consent letter?

Answer: The owner of the premises must sign the consent letter. In some cases, GST officers ask for a consent letter on a stamp paper, and the same should be notarised as well. However, one can upload the consent letter without even printing it on stamp paper. If a GST officer specifically asks for the content letter to be printed on stamp paper, the taxpayer can get the needful done.

Question 8: Failure to submit a consent letter?

Answer: Suppose a taxpayer forgets to submit the consent letter and the address proof while filing the GST registration application in Form GST REG-01.

In that case, the GST officer will communicate with the taxpayer via email or phone. On receiving such communication, a taxpayer can attach the consent letter to the application.

Question 9: Steps to upload the consent letter

Answer: Steps to upload the consent letter

Step 1: Visit the GST portal and go to ‘Services’ -> ‘Registration’ -> ‘New Registration’.

Step 2: While filling up the form, select ‘Consent’ under the nature of possession of premises.

Step 3: The consent letter can be uploaded in PDF or JPEG format, but the file size cannot be more than 100KB.

Question 10: Other documents with consent letter

Answer: The consent letter should be uploaded along with address proof of business like a Municipal Khata copy or an electricity bill.

Question 11: Meaning of GST consent letter or NOC

Answer: Many businesses are carrying out their work from home as they do not have a registered commercial place of business. If such premises on which work is being carried out is owned, then a document supporting the taxpayer’s ownership is to be uploaded at the time of registration.

If the premises are rented

then a valid rent/lease agreement is to be uploaded. If it’s neither owned nor rented, then such taxpayers are required to submit a consent letter at the time of upload of their proof of place of business.

No Objection Certificate

It is a No Objection Certificate (NOC) from the owner of the premises stating that he doesn’t have any objection to the taxpayer using the premises for carrying out business. Under GST, there is no specific format for the consent letter. It can be any written document.

consent letter format

Click here for GST Login

The post Consent Letter Format for GST registraion first appeared on Perfect Filing.

GST Returns for E-commerce operator and sellers

PerfectFiling — Fri, 17 Jul 2020 21:02:28 +0000

GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. GSTR-8 contains the details of supplies effected through e-commerce platform and amount of TCS collected on such supplies.

E-Commerce:

It refers back to the buy and sale of commodities and/or providers by way of digital channels certain cause the web and any kind of business transactions executed on-line. The preferred example of E-Commerce is on-line buying, which is underlined as shopping and promoting of commodities by way of the web on any device. Nevertheless, E-Commerce also can settle different varieties of mechanism, similar to on-line roup sales, price gateways, on-line ticketing, and web banking. On this article, we’ve mentioned about GST returns for E-commerce operators and sellers.

There might be two varieties of E-commerce platforms:

E-commerce operator/ market (e.g. Flipkart, Amazon and many others): It’s an entity which owns, operates or manages digital or digital facility or platform for E-commerce.
Suppliers / aggregator on E-commerce platform: It’s an entity which provides items or providers on an E-commerce platform.

GST return submitting for E commerce operators and sellers:

The sellers / aggregators who are registering themselves for E commerce platform shall register themselves underneath Goods and Services Tax.
There are number of returns to be filed underneath Goods and Services Tax for e-commerce operators and suppliers.
In contrast to common companies, there is not any threshold exemption for e-commerce suppliers and operators.
These e-commerce entities come underneath the GST compliance regardless of the worth of provide and therefore are required to file Goods and Services Tax return on-line.
GST return type contains the small print equivalent to purchases, gross sales, output GST and Enter Tax Credit score (ITC) that are to be submitted on month-to-month, quarterly or annual foundation.

GST return submitting kinds for E commerce operators and sellers:

E-commerce suppliers / aggregators are required to file Type GSTR-1, GSTR 2, GSTR 3 month-to-month and GSTR-9 is to be filed yearly.
E commerce operators are required to file their GST return in type GSTR 8 in month-to-month foundation.

GSTR 1:

Businesses with turnover of up to INR 1.5 crore will be allowed to file quarterly returns, other businesses with a turnover of above INR 1.5 crore must file monthly returns.
Each enterprise registered underneath Items and Companies Tax should file GSTR-1.
The due date for submitting GSTR-1 for E commerce sellers can be – Monthly basis GSTR-1 [11^th of Subsequent month] and Quarterly basis GSTR-1 [Last of the date of the month following the end of the quarter].

GSTR 2:

GSTR-2 is a month-to-month return for inward provides of products or providers or each obtained throughout a tax interval.
The submitting of GSTR 2 makes them eligible to avail Enter Tax Credit score whereby the taxpayer can declare the refund of tax on purchases or deduct that a lot quantity from the tax payable on outward provides.
GSTR-2 does not require you to declare all the details of the incoming supply.
GSTR 2A will be an exact copy of GSTR 2, in which your suppliers will have the details declared in GSTR 1
The due date for GSTR 2 can be 15th of subsequent month. GSTR 2A means a statement of Input Tax Credit and you need not have to file GSTR 2A legally

GSTR-3:

GSTR-3 is a consolidated month-to-month return which incorporates particulars of tax legal responsibility together with the tax collected on outward provides and tax paid on inward provides by registered E commerce provider / vendor.
It’s an auto-populated course of by way of GSTR-1 and GSTR-2 of the registered particular person.
It is detailed summary of both GSTR-1 and GSTR-2(including the details of all invoices for Sales and purchase).
The due date for GSTR 3B return submitting can be 20th of the subsequent month.

Note- As per the GST Council Meeting, filing of GSTR-2 and GSTR-3 is suspended

GSTR-8:

GSTR-8 is a monthly return form to be furnished by all e-commerce operators who are required to deduct TCS (Tax Collected at Source) under Goods and Services Tax.
GSTR-8 is without doubt one of the most necessary type which have to be taken utmost look after an e-commerce operator.
GSTR-8 is an announcement that should be filed by e-commerce operators each month. It should include the small print of provides made to prospects by way of the taxpayer’s e-commerce portal by each registered taxable individuals and unregistered individuals, prospects’ fundamental data, the quantity of tax collected at supply(TCS) (to be counted at 1%) , tax payable, and tax paid.
The GSTR-8 due date is the 10th of the following month.

GSTR 9:

- GSTR-9 is an annual return to be filed by the businesses registered under GST.
- GSTR-9 consists of particulars in regards to the provides made and obtained in the course of the year underneath completely different tax heads i.e., CGST, SGST, and IGST.
- It consolidates the knowledge furnished within the month-to-month/quarterly returns in the course of the explicit year.
- GSTR-9 – should be filed by the regular taxpayers who arefiling GSTR-1 and GSTR-3B.
- The due date to file the GSTR-9 is 31st December of the previous year.
- GSTR-9A- should be filed by the persons registered under Composition scheme of GST.
- GSTR-9C- should be filed by the taxpayers whose annual turnover exceeds INR 2 crores during the financial year.

Contact : Click Here

GST Login : Click Here

The post GST Returns for E-commerce operator and sellers first appeared on Perfect Filing.

GST | Perfect Filing

Consent Letter Format for GST registraion

Format of a consent letter

TO WHOMSOEVER IT MAY CONCERN

FAQ on basis of Consent Letter:

If the premises are rented

No Objection Certificate

GST Returns for E-commerce operator and sellers

E-Commerce:

There might be two varieties of E-commerce platforms:

GST return submitting for E commerce operators and sellers:

The sellers / aggregators who are registering themselves for E commerce platform shall register themselves underneath Goods and Services Tax.

There are number of returns to be filed underneath Goods and Services Tax for e-commerce operators and suppliers.

In contrast to common companies, there is not any threshold exemption for e-commerce suppliers and operators.

These e-commerce entities come underneath the GST compliance regardless of the worth of provide and therefore are required to file Goods and Services Tax return on-line.

GST return type contains the small print equivalent to purchases, gross sales, output GST and Enter Tax Credit score (ITC) that are to be submitted on month-to-month, quarterly or annual foundation.

GST return submitting kinds for E commerce operators and sellers:

GSTR 1:

Businesses with turnover of up to INR 1.5 crore will be allowed to file quarterly returns, other businesses with a turnover of above INR 1.5 crore must file monthly returns.

Each enterprise registered underneath Items and Companies Tax should file GSTR-1.

The due date for submitting GSTR-1 for E commerce sellers can be – Monthly basis GSTR-1 [11th of Subsequent month] and Quarterly basis GSTR-1 [Last of the date of the month following the end of the quarter].

GSTR 2:

GSTR-2 is a month-to-month return for inward provides of products or providers or each obtained throughout a tax interval.

The submitting of GSTR 2 makes them eligible to avail Enter Tax Credit score whereby the taxpayer can declare the refund of tax on purchases or deduct that a lot quantity from the tax payable on outward provides.

GSTR-2 does not require you to declare all the details of the incoming supply.

GSTR 2A will be an exact copy of GSTR 2, in which your suppliers will have the details declared in GSTR 1

The due date for GSTR 2 can be 15th of subsequent month. GSTR 2A means a statement of Input Tax Credit and you need not have to file GSTR 2A legally

GSTR-3:

GSTR-3 is a consolidated month-to-month return which incorporates particulars of tax legal responsibility together with the tax collected on outward provides and tax paid on inward provides by registered E commerce provider / vendor.

It’s an auto-populated course of by way of GSTR-1 and GSTR-2 of the registered particular person.

It is detailed summary of both GSTR-1 and GSTR-2(including the details of all invoices for Sales and purchase).

The due date for GSTR 3B return submitting can be 20th of the subsequent month.

GSTR-8:

GSTR-8 is a monthly return form to be furnished by all e-commerce operators who are required to deduct TCS (Tax Collected at Source) under Goods and Services Tax.

GSTR-8 is without doubt one of the most necessary type which have to be taken utmost look after an e-commerce operator.

The GSTR-8 due date is the 10th of the following month.

GSTR 9:

GSTR-9 is an annual return to be filed by the businesses registered under GST.

GSTR-9 consists of particulars in regards to the provides made and obtained in the course of the year underneath completely different tax heads i.e., CGST, SGST, and IGST.

It consolidates the knowledge furnished within the month-to-month/quarterly returns in the course of the explicit year.

GSTR-9 – should be filed by the regular taxpayers who arefiling GSTR-1 and GSTR-3B.

The due date to file the GSTR-9 is 31st December of the previous year.

GSTR-9A- should be filed by the persons registered under Composition scheme of GST.

GSTR-9C- should be filed by the taxpayers whose annual turnover exceeds INR 2 crores during the financial year.

The due date for submitting GSTR-1 for E commerce sellers can be – Monthly basis GSTR-1 [11^th of Subsequent month] and Quarterly basis GSTR-1 [Last of the date of the month following the end of the quarter].