Quick answer: If the GST department cancels your registration, you can get it restored by filing an application for revocation in Form GST REG-21 on the GST portal within 30 days of the cancellation...
Direct Answer A feasibility study in the UAE is a pre-investment assessment that tests whether a proposed project in Dubai or another emirate is commercially viable, financially sustainable and...
Quick answer: If your supplier does not deposit GST after you claim Input Tax Credit (ITC), the GST department can deny or reverse that credit from you, charge interest at 18% a year and issue a...
Quick answer: Yes. You can use your home as the principal place of business for GST registration, whether it is owned, rented or shared with family. You only need valid address proof, such as an...
Direct Answer Financial modelling for a UAE business means building linked forecasts of costs, profit and cash flow from clear assumptions, so you can see whether the business can fund itself, repay a...
Quick answer: It depends on your turnover and the nature of your supplies, not on working from home. A home-based business must register for GST once its aggregate turnover crosses ₹40 lakh for goods...
Quick answer: Yes, but only in specific cases. GST registration is PAN-based and state-wise, so one person with one PAN needs a separate registration in every state where business is carried out...
Quick answer: A proprietorship needs a tax audit under Section 44AB when business turnover exceeds ₹1 crore (or ₹10 crore if cash receipts and payments are each within 5%), or professional receipts...
Quick answer: Tax audit applicability for business depends on annual turnover, gross receipts, cash transaction limits, and the conditions of presumptive taxation. Under Section 44AB, businesses...