FAQ's
1.What is anti dumping? What is its purpose in International Trade?
Dumping is said to occur when the goods are exported by a country to another country at a price lower than its normal value. This is an unfair trade practice which can have a distortive effect on international trade. Anti dumping is a measure to rectify the situation arising out of the dumping of goods and its trade distortive effect. Thus, the purpose of anti dumping duty is to rectify the trade distortive effect of dumping and re-establish fair trade. The use of anti dumping measure as an instrument of fair competition is permitted by the WTO. In fact, anti dumping is an instrument for ensuring fair trade and is not a measure of protection per se for the domestic industry. It provides relief to the domestic industry against the injury caused by dumping.
2.What is GST?
The GST is an indirect tax on most goods and services sold in the United States for personal use. The GST (consumption-based tax) is paid by consumers, although it is deposited by the registered taxpayer with the government when the products and/or services are sold.
3.Who Required GST?
1) Anyone making any chargeable interstate supply
2) Casual taxable individuals who make taxable supplies.
3) Those who are compelled to pay reverse-charge tax.
4) Electronic commerce operators are liable to pay tax under section 9(5).
5) Taxable supplies made by non-resident taxable people.
6) People are obliged to deduct tax under section 51 (TDS), whether individually registered under the Act [Thus, separate registration for TDS purposes is required].
7) Those who, as an agent or otherwise, provide products or services on behalf of other taxable individuals.
8) Whether or not separately registered under the Act [therefore, separate registration is required for ISD purposes] input service distributor.
9) Other than supplies listed under section 9(5), anyone who supplies goods or services or both through an electronic commerce operator is obliged to collect tax under section 52.
10) Every person, other than a registered taxable person, who provides online information and database access or retrieval services (OIDAR) to a person in India from a location outside India. [A person who is already registered for GST does not need to register again.]
4. Advantages of GST?
1) Eliminating Tax on Tax Effect
2) Easily Get Loan
3) Take input tax credit
4) Make interstate sales without restrictions
5) Register on e-commerce websites
7) Limited compliance
8) Less tax liability
5. What is GST Registration Eligiblity?
1) Having Turnover of more than 40 lakhs in case of Goods
2) Having Turnover of more than 20 lakhs in case of Services
3) Voluntary Registration
4) Inter State Sales
5) Non-Resident taxable person
Who Needs FSSAI Registration Certificate?
FSSAI Registration Certificate is imperative for the below-mentioned categories if their yearly turnover is above INR 12 Lacs.
Food Business Operators (FBO) who themselves produce or sell any food article
Food retailer, itinerant vendor or hawker
Temporary/Permanent food stallholder
Large or medium scale industries that are engaged in the food business
Food business operator with annual turnover more than 12 Lacs
Based on the production & procurement quantity, the FSSAI Registration is also mandatory under the following circumstances:
What are the Documents Required For FSSAI Registration?
The process of an FSSAI license application or registration requires the submission of the important documents. These documents are as follows:
Rent Agreement
Entity Proof
List of Food Products
Photograph Identity
What are the Advantages of FSSAI Registration?
Consumer awareness
Using the FSSAI Logo
Food Safety
How many Types of Food License
Basic FSSAI Registration
FSSAI State License
Central Registration