Goods and Services Tax (GST) registration can be amended or updated as and when there is a change in the business details of the taxpayer, such as change in the business name, address, constitution etc. The process for GST registration amendment or update varies depending on the nature of the change and the jurisdiction where the taxpayer is registered. It is important for businesses to keep their GST registration details up-to-date, as failure to do so may attract penalties and other consequences under the GST laws.
The GST Registration Amendment/Updation include changes to:
1) Business details (e.g., name, address, email, phone number)
2) Bank account details
3) Authorized signatory
4) Principal place of business
5) Nature of business activity
6) Addition or deletion of an additional place of business
Our expert team at SureTax Fincare will assist you in the process of Amendment/ Changes/ Updation in GST Registration details and provide necessary guidance for the same.
GST rate: Composition taxpayers are required to pay GST at a rate of 1% (5% for restaurants & 6 % on Specified Services) on their taxable supplies.
