1. As per section 122 of the CGST Act, any person who fails to obtain registration under the Act, will be levied a penalty of Rs10,000 or amount equivalent to tax evaded, whichever is higher.

    As per section 122 of the CGST Act, any person who fails to obtain registration under the Act, will be levied a penalty of Rs10,000 or amount equivalent to tax evaded, whichever is higher.

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  2. No, as per section 22 of the CGST Act, a person has to get registered separately for each state from where he makes taxable supply.

    No, as per section 22 of the CGST Act, a person has to get registered separately for each state from where he makes taxable supply.

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  3. France was the first country in the world to implement GST in 1954.

    France was the first country in the world to implement GST in 1954.

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  4. In India, GST rates have been divided into four slabs – 5%, 12%, 18%, and 28%. You can check the applicable GST rate of your desired product here - https://www.mastersindia.co/gst/hsn-code-search/

    In India, GST rates have been divided into four slabs – 5%, 12%, 18%, and 28%. You can check the applicable GST rate of your desired product here – https://www.mastersindia.co/gst/hsn-code-search/

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  5. GST stands for Goods and Services tax. It has replaced multiple indirect taxes and was introduced in July 2017.

    GST stands for Goods and Services tax. It has replaced multiple indirect taxes and was introduced in July 2017.

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  6. There are three ways to file a GST return: Do it all by yourself: You can file GST returns directly on the GST portal through your dashboard. This might be confusing for beginners and may lead to incorrect disclosures and hit the GST compliance rating. You can also use the Offline utilities providedRead more

    There are three ways to file a GST return:
    Do it all by yourself: You can file GST returns directly on the GST portal through your dashboard. This might be confusing for beginners and may lead to incorrect disclosures and hit the GST compliance rating.
    You can also use the Offline utilities provided by the GSTN.
    The most prefered option is to onboard a GST Suvidha provider (GSP)/ Application Service Provider (ASP) and use their automated GST solution. This will help you file accurate GST returns in just a few clicks.
    Read more here – https://www.mastersindia.co/gst/gst-returns/

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  7. GST is a tax in itself. You can pay GST on the GST portal digitally. Here is a step-by-step guide to help you pay GST online - https://www.mastersindia.co/gst/gst-payment-online/ Let me know if you need any other help.

    GST is a tax in itself. You can pay GST on the GST portal digitally. Here is a step-by-step guide to help you pay GST online – https://www.mastersindia.co/gst/gst-payment-online/

    Let me know if you need any other help.

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  8. Use this tool to calculate GST - It's much simpler! https://www.mastersindia.co/gst-calculator/

    Use this tool to calculate GST – It’s much simpler!
    https://www.mastersindia.co/gst-calculator/

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  9. GST on dry fruits can be 5% or 12%. Some dry fruits are exempt from GST. This depends on the product you are looking for. You can check the applicable GST rate on your desired product here - https://www.mastersindia.co/gst/hsn-code-search/

    GST on dry fruits can be 5% or 12%. Some dry fruits are exempt from GST. This depends on the product you are looking for. You can check the applicable GST rate on your desired product here – https://www.mastersindia.co/gst/hsn-code-search/

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